Note 7 - Employee Benefit Plans

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Retirement Benefits [Text Block]

Note 7.   Employee Benefit Plans

We sponsor defined benefit pension plans covering substantially all U.S. employees.  Net periodic pension cost for the plans consisted of the following for the three months ended March 31, 2020 and 2019 (in thousands):

	Three Months Ended March 31,
	2020			2019
Service cost	$	1,334		$	1,100
Interest cost		1,404			1,620
Expected return on plan assets		(1,872	)		(1,496	)
Amortization of prior service cost		29			15
Amortization of net loss		1,163			1,097
Net periodic pension cost	$	2,058		$	2,336

The service cost component of net periodic benefit cost is included in the same line items of our condensed consolidated financial statements as other employee compensation costs, and the net expense for the three months ended March 31, 2020 and 2019 of $0.7 million and $1.2 million, respectively, related to all other components of net periodic pension cost is included in other (expense) income on our condensed consolidated statements of operations and comprehensive (loss) income.

In April 2020, we contributed $0.4 million in shares of our common stock to our defined benefit plans, and expect to contribute an additional $5.8 million in cash or shares of our common stock in 2020.  We expect to contribute approximately $0.6 million to our unfunded supplemental executive retirement plan during 2020.