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Defined Benefit Pension Plans (Text Block) | 9 Months Ended
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Sep. 30, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract] |
Defined Benefit Pension Plans [Text Block] | Defined Benefit Pension Plans We sponsor both funded and unfunded defined benefit pension plans for our international employees, primarily in Germany, France, Italy, Indonesia, Brazil, and Spain, offering death and disability, retirement, and special termination benefits. The defined benefit obligation is calculated annually by using the projected unit credit method. The measurement date for the pension plans was December 31, 2013. Our defined benefit pension plans are denominated in the functional currencies of the respective countries in which the plans are sponsored; therefore, the balances increase or decrease, with a corresponding change in OCI, due to changes in foreign currency exchange rates. Amounts recognized on the Consolidated Balance Sheets consist of:
| September 30, 2014 |  | December 31, 2013
| (in thousands)
Assets |  |  |
Plan assets in other long-term assets | $ | 1,433 |  |  | $ | 1,426 |
Liabilities |  |  |
Current portion of pension plan liability in wages and benefits payable | 3,366 |  |  | 3,721 |
Long-term portion of pension plan liability | 82,529 |  |  | 88,687 |
Net pension plan benefit liability | $ | 84,462 |  |  | $ | 90,982 |
Our net pension plan benefit liability decreased primarily due to favorable foreign currency exchange rates at September 30, 2014 as compared with December 31, 2013. Our asset investment strategy focuses on maintaining a portfolio using primarily insurance funds, which are accounted for as investments and measured at fair value, in order to achieve our long-term investment objectives on a risk adjusted basis. Our general funding policy for these qualified pension plans is to contribute amounts sufficient to satisfy regulatory funding standards of the respective countries for each plan. We contributed $389,000 and $394,000 to the defined benefit pension plans for the nine months ended September 30, 2014 and 2013, respectively. The timing of contributions can vary by plan and from year to year. For 2014, assuming that actual plan asset returns are consistent with our expected rate of return, and that interest rates remain constant, we expect to contribute approximately $425,000 to our defined benefit pension plans. We contributed $436,000 to the defined benefit pension plans for the year ended December 31, 2013. Net periodic pension benefit costs for our plans include the following components:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
| (in thousands)
Service cost | $ | 723 |  |  | $ | 1,026 |  |  | $ | 2,750 |  |  | $ | 3,018 |
Interest cost | 871 |  |  | 791 |  |  | 2,661 |  |  | 2,377 |
Expected return on plan assets | (158 | ) |  | (79 | ) |  | (478 | ) |  | (237 | )
Settlements and other | 6 |  |  | — |  |  | 33 |  |  | (814 | )
Amortization of actuarial net loss | 118 |  |  | 249 |  |  | 363 |  |  | 746 |
Amortization of unrecognized prior service costs | 17 |  |  | 17 |  |  | 53 |  |  | 51 |
Net periodic benefit cost | $ | 1,577 |  |  | $ | 2,004 |  |  | $ | 5,382 |  |  | $ | 5,141 |

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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 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414718&loc=d3e28014-114942 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35742057&loc=SL14450702-114947 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 + Details
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