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RETIREMENT AND DEFERRED COMPENSATION PLANS | 9 Months Ended
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Sep. 30, 2014
RETIREMENT AND DEFERRED COMPENSATION PLANS |
RETIREMENT AND DEFERRED COMPENSATION PLANS | NOTE 5 – RETIREMENT AND DEFERRED COMPENSATION PLANS Components of Net Periodic Benefit Cost:
|  | Domestic Plans |  | Foreign Plans |
Three months ended September 30, |  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Service cost |  | $ | 2,011 |  | $ | 2,135 |  | $ | 1,043 |  | $ | 974 |
Interest cost |  | 1,482 |  | 1,248 |  | 676 |  | 668 |
Expected return on plan assets |  | (1,647 | ) | (1,443 | ) | (494 | ) | (454 | )
Amortization of net loss |  | 718 |  | 1,276 |  | 303 |  | 353 |
Amortization of prior service cost |  | -- |  | -- |  | 78 |  | 93 |
Net periodic benefit cost |  | $ | 2,564 |  | $ | 3,216 |  | $ | 1,606 |  | $ | 1,634 |
|  | Domestic Plans |  | Foreign Plans |
Nine months ended September 30, |  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Service cost |  | $ | 6,032 |  | $ | 6,405 |  | $ | 3,203 |  | $ | 2,902 |
Interest cost |  | 4,446 |  | 3,744 |  | 2,074 |  | 1,991 |
Expected return on plan assets |  | (4,939 | ) | (4,331 | ) | (1,514 | ) | (1,353 | )
Amortization of net loss |  | 2,152 |  | 3,827 |  | 929 |  | 1,053 |
Amortization of prior service cost |  | -- |  | 2 |  | 239 |  | 278 |
Net periodic benefit cost |  | $ | 7,691 |  | $ | 9,647 |  | $ | 4,931 |  | $ | 4,871 |
EMPLOYER CONTRIBUTIONS Although the Company has no minimum funding requirement, the Company contributed $10.0 million to our U.S. plan during the third quarter and the first nine months of 2014 and does not expect to make any contribution to the U.S. plan in the last quarter of 2014. The Company expects to contribute approximately $5.6 million to our foreign defined benefit plans in 2014 and, as of September 30, 2014, we have contributed approximately $2.0 million.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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