Employee Benefit Plans

9 Months Ended

Sep. 30, 2014

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plans

7. EMPLOYEE BENEFIT PLANS

Defined Benefit Pension Plans

The Company sponsors defined benefit pension plans that cover certain U.S., Canadian, German, and United Kingdom employees and which provide benefits of stated amounts for each year of service of the employee.

The Company uses a December 31 measurement date for the plans.

The following tables provide information regarding the Company’s defined benefit pension plans summarized by U.S. and international components.

	U.S.						International
	Three Months Ended						Three Months Ended
	September 30,						September 30,
In thousands, except percentages	2014			2013			2014			2013
Net periodic benefit cost
Service cost	$	54		$	111		$	659		$	505
Interest cost		488			490			2,271			1,651
Expected return on plan assets		(617	)		(752	)		(2,655	)		(2,087	)
Net amortization/deferrals		355			753			766			849
Settlement loss recognized		-			-			-			166
Net periodic benefit cost	$	280		$	602		$	1,041		$	1,084
	U.S.						International
	Nine Months Ended						Nine Months Ended
	September 30,						September 30,
In thousands, except percentages	2014			2013			2014			2013
Net periodic benefit cost
Service cost	$	250		$	323		$	1,511		$	1,524
Interest cost		1,552			1,472			5,936			4,984
Expected return on plan assets		(1,857	)		(2,232	)		(7,116	)		(6,304	)
Net amortization/deferrals		1,665			2,431			2,292			2,570
Settlement loss recognized		-			-			-			166
Net periodic benefit cost	$	1,610		$	1,994		$	2,623		$	2,940

The Company’s funding methods are based on governmental requirements and differ from those methods used to recognize pension expense. The Company expects to contribute $5.2 million to the international plans and does not expect to make a contribution to the U.S. plans during 2014.

Post Retirement Benefit Plans

In addition to providing pension benefits, the Company has provided certain unfunded postretirement health care and life insurance benefits for a portion of North American employees. The Company is not obligated to pay health care and life insurance benefits to individuals who had retired prior to 1990.

The Company uses a December 31 measurement date for all post retirement plans.

The following tables provide information regarding the Company’s postretirement benefit plans summarized by U.S. and international components.

	U.S.						International
	Three Months Ended						Three Months Ended
	September 30,						September 30,
In thousands, except percentages	2014			2013			2014			2013
Net periodic benefit cost
Service cost	$	7		$	22		$	10		$	12
Interest cost		289			192			42			42
Net amortization/deferrals		(350	)		(367	)		(16	)		(75	)
Net periodic benefit (credit) cost	$	(54	)	$	(153	)	$	36		$	(21	)
	U.S.						International
	Nine Months Ended						Nine Months Ended
	September 30,						September 30,
In thousands, except percentages	2014			2013			2014			2013
Net periodic benefit cost
Service cost	$	27		$	36		$	28		$	36
Interest cost		881			834			126			129
Net amortization/deferrals		(1,003	)		(791	)		(46	)		(228	)
Net periodic benefit (credit) cost	$	(95	)	$	79		$	108		$	(63	)