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Pensions
3 Months Ended
Mar. 31, 2015
Pensions  
Pensions

 

6.   Pensions

 

U.S. Plans

 

For the U.S. plans, the following table provides the components of net periodic pension costs (benefit) of the plans for the periods ended March 31, 2015 and 2014:

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

Service cost

 

$

293

 

$

251

 

Interest cost

 

1,153

 

1,199

 

Expected return on plan assets

 

(1,793

)

(1,901

)

Amortization of prior service cost

 

4

 

18

 

Net actuarial loss amortization

 

684

 

276

 

Net periodic pension cost (benefit)

 

$

341

 

$

(157

)

 

European Plans

 

For the European plans, the following table provides the components of net periodic pension costs of the plans for the periods ended March 31, 2015 and 2014:

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

Service cost

 

$

73

 

$

86

 

Interest cost

 

305

 

405

 

Expected return on plan assets

 

(414

)

(377

)

Net actuarial loss amortization

 

55

 

61

 

Net periodic pension cost

 

$

19

 

$

175

 

 

Multi-Employer Plan

 

In addition to the aforementioned European plans, the Company participates in a multi-employer plan in Europe.  This multi-employer plan almost entirely relates to former employees of operations it has divested.  Benefits are distributed by the multi-employer plan.  As of March 31, 2015 and December 31, 2014, respectively, the Company has a $1.0 million and $0.9 million liability recorded as a component of payroll and benefits payable within its condensed consolidated balance sheets.  Refer to Note 11 for further information related to this multi-employer plan.