XML 36 R20.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Retirement Plans
6 Months Ended
Jun. 30, 2011
Retirement Plans  
Retirement Plans

(14)       Retirement Plans

 

We have defined benefit pension plans covering many of our employees, including certain employees in Germany and the U.K.  The components of net periodic pension cost for these plans are as follows:

 

 

 

Domestic Plan

 

Foreign Plans

 

 

 

Three Months Ended June 30,

 

Three Months Ended June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Service cost

 

$

93

 

$

82

 

$

165

 

$

148

 

Interest cost

 

762

 

884

 

455

 

408

 

Expected return on plan assets

 

(1,101

)

(1,047

)

(107

)

(72

)

Amortization of prior service cost (credit)

 

29

 

28

 

(13

)

(13

)

Amortization of net loss

 

595

 

486

 

29

 

46

 

Net periodic pension cost

 

$

378

 

$

433

 

$

529

 

$

517

 

 

 

 

 

 

 

 

 

Domestic Plan

 

Foreign Plans

 

 

 

Six Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Service cost

 

$

181

 

$

175

 

$

322

 

$

319

 

Interest cost

 

1,626

 

1,728

 

889

 

861

 

Expected return on plan assets

 

(2,150

)

(2,097

)

(212

)

(167

)

Amortization of prior service cost (credit)

 

57

 

56

 

(26

)

(13

)

Amortization of net loss

 

1,084

 

978

 

58

 

80

 

Net periodic pension cost

 

$

798

 

$

840

 

$

1,031

 

$

1,080

 

 

We have not made any payments to our domestic pension plan as of June 30, 2011. However, we expect to contribute $2.6 million to this plan in the second half of 2011. Our anticipated contributions to the pension plan of our U.K. subsidiary approximate $0.9 million for the current year. As of June 30, 2011, we have made contributions of $0.4 million to this plan. The pension plans of our German entities do not hold any assets and use operating cash to pay participant benefits as they become due. Expected 2011 benefit payments under these plans are $1.3 million, of which $0.6 million was paid through June 2011.

 

We provide postretirement life insurance benefits to a limited number of certain eligible hourly retirees and their dependents. The activity in this plan is not material to the condensed consolidated financial statements.