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Note 8. Pension and Postretirement Benefits Other than Pensions Level 1 (Notes)
6 Months Ended
Jun. 30, 2011
Pension and Postretirement Benefits Other Than Pensions [Abstract]  
Pension and Postretirement Benefits Other Than Pensions [Text Block]
Pension and Postretirement Benefits Other than Pensions —


Pension Benefits


The Company has defined benefit plans covering a significant number of its employees. The benefits under these plans are based primarily on years of service and compensation levels. Pension expense for the three and six months ended June 30, 2011 and 2010 for the defined benefit plans consists of the following components:


 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2011
 
2010
 
2011
 
2010
 
Service cost
$
947


 
$
851


 
$
1,957


 
$
1,799


 
Interest cost
3,301


 
3,108


 
6,556


 
6,359


 
Expected return on plan assets
(3,293
)
 
(2,628
)
 
(6,457
)
 
(5,357
)
 
Amortization of prior service cost
(71
)
 
(64
)
 
(138
)
 
(137
)
 
Amortization of net loss
912


 
745


 
1,967


 
1,425


 
Pension settlement charge


 


 


 
1,541


 
Net periodic pension expense
$
1,796


 
$
2,012


 
$
3,885


 
$
5,630




A former executive of the Company received a lump sum distribution during the six months ended June 30, 2010, which resulted in settlement expense of $1,541.


Postretirement Benefits


The Company provides health benefits for certain retired employees and certain dependents when the employee becomes eligible for these benefits by satisfying plan provisions that include certain age and service requirements.


The components of the postretirement benefit expense of the Company-sponsored plans for the three and six months ended June 30, 2011 and 2010 are as follows:


 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2011
 
2010
 
2011
 
2010
 
Service cost
$
46


 
$
54


 
$
96


 
$
108


 
Interest cost
679


 
661


 
1,329


 
1,323


 
Amortization of prior service cost
(32
)
 
(32
)
 
(64
)
 
(64
)
 
Amortization of net loss
445


 
267


 
927


 
534


 
Postretirement benefit expense
$
1,138


 
$
950


 
$
2,288


 
$
1,901