Pension and Postretirement Benefits

9 Months Ended

Sep. 30, 2012

Pension and Postretirement Benefits [Abstract]

Pension and Postretirement Benefits

Note 14. Pension and Postretirement Benefits

The net periodic benefit cost of Viad’s pension and postretirement benefit plans for the three months ended September 30 included the following components:

	Domestic Plans
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
	2012			2011			2012			2011			2012			2011
	(in thousands)
Service cost	$	24		$	17		$	31		$	22		$	123		$	92
Interest cost		276			292			187			187			186			183
Expected return on plan assets		(84	)		(140	)		(15	)		(35	)		(157	)		(164	)
Amortization of prior service credit		—			—			(278	)		(320	)		—			—
Recognized net actuarial loss		110			1			101			80			—			—
Net periodic benefit cost (credit)	$	326		$	170		$	26		$	(66	)	$	152		$	111

The net periodic benefit cost of Viad’s pension and postretirement benefit plans for the nine months ended September 30 included the following components:

	Domestic Plans
	Pension Plans						Postretirement Benefit Plans						Foreign Pension Plans
	2012			2011			2012			2011			2012			2011
	(in thousands)
Service cost	$	78		$	91		$	110		$	96		$	368		$	276
Interest cost		863			892			611			651			552			551
Expected return on plan assets		(305	)		(422	)		(56	)		(101	)		(467	)		(493	)
Amortization of prior service credit		—			—			(835	)		(958	)		—			—
Recognized net actuarial loss		368			342			410			400			—			—
Net periodic benefit cost	$	1,004		$	903		$	240		$	88		$	453		$	334

Viad expects to contribute $2.0 million to its funded pension plans, $955,000 to its unfunded pension plans and $450,000 to its postretirement benefit plans in 2012. During the nine months ended September 30, 2012, Viad contributed $1.5 million to its funded pension plans, $703,000 to its unfunded pension plans and $233,000 to its postretirement benefit plans.