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Employee Benefit Plans | 6 Months Ended
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Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract] |
Employee Benefit Plans | 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 June 30, |  | Three Months Ended June 30,
In thousands, except percentages | 2017 |  | 2016 |  | 2017 |  | 2016
Net periodic benefit cost |  |  |  |  |  |  |
Service cost | $ | 86 |  |  | $ | 84 |  |  | $ | 614 |  |  | $ | 473 |
Interest cost | 356 |  |  | 369 |  |  | 1,677 |  |  | 1,486 |
Expected return on plan assets | (433 | ) |  | (519 | ) |  | (2,910 | ) |  | (2,405 | )
Net amortization/deferrals | 248 |  |  | 229 |  |  | 685 |  |  | 620 |
Curtailment loss recognized | — |  |  | — |  |  | — |  |  | 240 |
Net periodic benefit cost | $ | 257 |  |  | $ | 163 |  |  | $ | 66 |  |  | $ | 414 |
| U.S. |  | International
| Six Months Ended June 30, |  | Six Months Ended June 30,
In thousands, except percentages | 2017 |  | 2016 |  | 2017 |  | 2016
Net periodic benefit cost |  |  |  |  |  |  |
Service cost | $ | 172 |  |  | $ | 168 |  |  | $ | 1,228 |  |  | $ | 728 |
Interest cost | 712 |  |  | 738 |  |  | 3,354 |  |  | 2,936 |
Expected return on plan assets | (866 | ) |  | (1,038 | ) |  | (5,820 | ) |  | (5,286 | )
Net amortization/deferrals | 496 |  |  | 458 |  |  | 1,370 |  |  | 1,055 |
Curtailment loss recognized | — |  |  | — |  |  | — |  |  | 240 |
Net periodic benefit (credit) cost | $ | 514 |  |  | $ | 326 |  |  | $ | 132 |  |  | $ | (327 | )
Assumptions |  |  |  |  |  |  |
Discount Rate | 3.95 | % |  | 4.21 | % |  | 2.51 | % |  | 3.56 | %
Expected long-term rate of return | 4.95 | % |  | 5.70 | % |  | 4.93 | % |  | 5.81 | %
Rate of compensation increase | 3.00 | % |  | 3.00 | % |  | 2.54 | % |  | 3.10 | %
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 $7.1 million and $0.5 million to the international and U.S. plans, respectively, during 2017. 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 June 30, |  | Three Months Ended June 30,
In thousands, except percentages | 2017 |  | 2016 |  | 2017 |  | 2016
Net periodic benefit cost |  |  |  |  |  |  |
Service cost | $ | 1 |  |  | $ | 1 |  |  | $ | 7 |  |  | $ | 7 |
Interest cost | 88 |  |  | 97 |  |  | 24 |  |  | 25 |
Net amortization/deferrals | (73 | ) |  | (105 | ) |  | (7 | ) |  | (9 | )
Net periodic benefit (credit) cost | $ | 16 |  |  | $ | (7 | ) |  | $ | 24 |  |  | $ | 23 |
| U.S. |  | International
| Six Months Ended June 30, |  | Six Months Ended June 30,
In thousands, except percentages | 2017 |  | 2016 |  | 2017 |  | 2016
Net periodic benefit cost |  |  |  |  |  |  |
Service cost | $ | 2 |  |  | $ | 2 |  |  | $ | 14 |  |  | $ | 14 |
Interest cost | 176 |  |  | 194 |  |  | 48 |  |  | 50 |
Net amortization/deferrals | (146 | ) |  | (210 | ) |  | (14 | ) |  | (18 | )
Net periodic (credit) benefit cost | $ | 32 |  |  | $ | (14 | ) |  | $ | 48 |  |  | $ | 46 |
Assumptions |  |  |  |  |  |  |
Discount Rate | 3.76 | % |  | 3.95 | % |  | 3.46 | % |  | 3.90 | %

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