Retirement Benefits

9 Months Ended

Sep. 30, 2014

Retirement Benefits [Abstract]

Retirement Benefits

15.RETIREMENT BENEFITS

The Company maintains both qualified and non-qualified defined benefit pension plans and a retiree health plan for its U.S. employees employed prior to April 1, 2010.

Net periodic benefit cost for U.S. employees included the following components for the periods indicated:

Pension Benefits	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Dollars in thousands)	2014			2013			2014			2013
Service cost	$	2,460		$	2,794		$	7,381		$	8,251
Interest cost		2,542			2,144			7,625			6,292
Expected return on plan assets		(2,822	)		(2,124	)		(8,468	)		(6,367	)
Amortization of prior service cost		13			12			38			37
Amortization of net (income) loss		1,173			2,064			3,356			5,872
FAS 88 settlement charge		5,269			-			5,269			-
Net periodic benefit cost	$	8,635		$	4,890		$	15,201		$	14,085

Other Benefits	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(Dollars in thousands)	2014		2013		2014		2013
Service cost	$	407	$	462	$	1,221	$	1,460
Interest cost		342		291		1,026		845
Amortization of net (income) loss		82		185		246		493
Net periodic benefit cost	$	831	$	938	$	2,493	$	2,798

The Company did not make any contributions to the qualified pension benefit plan for the three and nine months ended September 30, 2014 and 2013.