Pension And Other Retirement Plans

3 Months Ended

Mar. 31, 2019

NOTE 10: PENSION AND OTHER RETIREMENT PLANS

The components of net periodic benefit credit for Company-sponsored pension plans were as follows (in thousands):



	Pension Benefits
	Three Months Ended
	March 31, 2019			March 31, 2018
Service cost	$	213		$	293
Interest cost	19,169			17,740
Expected return on plans’ assets	(23,785		)	(24,818		)
Amortization of prior service costs	40			35
Net periodic benefit credit	$	(4,363	)	$	(6,750	)

Net periodic benefit cost related to other post retirement benefit plans was not material for all periods presented. The service cost component of pension net periodic benefit credit is included in SG&A in the Company’s unaudited Condensed Consolidated Statements of Operations. All other components of net periodic benefit credit are included in Pension and other postretirement periodic benefit credit, net in the Company’s unaudited Condensed Consolidated Statements of Operations.

For 2019, the Company expects to contribute $3 million to its qualified pension plans and $1 million to its other postretirement plans. In the three months ended March 31, 2019 and March 31, 2018, the Company’s contributions were not material.