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RETIREMENT AND DEFERRED COMPENSATION PLANS

6 Months Ended

Jun. 30, 2019

RETIREMENT AND DEFERRED COMPENSATION PLANS

RETIREMENT AND DEFERRED COMPENSATION PLANS

NOTE 8 – RETIREMENT AND DEFERRED COMPENSATION PLANS

Components of Net Periodic Benefit Cost:


	Domestic Plans				Foreign Plans
Three Months Ended June 30,	2019		2018		2019		2018
Service cost	$	2,775	$	2,844	$	1,445	$	1,491
Interest cost		1,846		1,706		495		457
Expected return on plan assets		(3,095)		(2,792)		(586)		(658)
Amortization of net loss		489		1,210		359		433
Amortization of prior service cost		—		—		113		125
Net periodic benefit cost	$	2,015	$	2,968	$	1,826	$	1,848


	Domestic Plans				Foreign Plans
Six Months Ended June 30,	2019		2018		2019		2018
Service cost	$	5,548	$	5,693	$	2,905	$	3,022
Interest cost		3,691		3,426		996		929
Expected return on plan assets		(6,189)		(5,606)		(1,178)		(1,337)
Amortization of net loss		978		2,428		722		879
Amortization of prior service cost		—		—		226		254
Net periodic benefit cost	$	4,028	$	5,941	$	3,671	$	3,747

The components of net periodic benefit cost, other than the service cost component, are included in the line “Miscellaneous, net” in the income statement.

EMPLOYER CONTRIBUTIONS

Although we have no minimum funding requirement, we contributed $365 thousand to our domestic defined benefit plans during the six months ended June 30, 2019 and do not expect additional significant contributions during 2019. We expect to contribute approximately $4.3 million to our foreign defined benefit plans in 2019, and as of June 30, 2019, we have contributed approximately $1.1 million of that amount.