NOTE

- PENSION AND OTHER POSTRETIREMENT BENEFITS

The Company sponsors a defined benefit pension plan (“Plan”) covering certain domestic employees. Benefits are based on each covered employee’s years of service and compensation. The Plan is funded in conformity with the funding requirements of applicable U.S. regulations. The Plan was closed to new participants effective

January

2008.

Employees hired after this date, in eligible locations, participate in an enhanced

401

(k) plan instead of the Plan. Employees hired prior to this date continue to accrue benefits.

Additionally, the Company sponsors defined contribution pension plans made available to all domestic and Canadian employees. The Company funds the cost of these benefits as incurred.

The Company also sponsors a non-contributory defined benefit postretirement health care plan that provides health benefits to certain domestic and Canadian retirees and their spouses. The Company funds the cost of these benefits as incurred.

The following tables present the components of net periodic benefit cost:

	Pension Benefits						Postretirement Benefits
	Three Months Ended June 30,						Three Months Ended June 30,
	2017			2016			2017			2016
Service cost	$	671		$	709		$	312		$	298
Interest cost		650			661			204			211
Expected return on plan assets		(1,191	)		(983	)		-			-
Recognized actuarial loss (gain)		459			526			(169	)		(175	)
Settlement loss		1,713			-			-			-
Net periodic benefit cost	$	2,302		$	913		$	347		$	334

	Pension Benefits						Postretirement Benefits
	Six Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Service cost	$	1,422		$	1,418		$	624		$	596
Interest cost		1,319			1,322			407			421
Expected return on plan assets		(2,387	)		(1,965	)		-			-
Recognized actuarial loss (gain)		949			1,051			(337	)		(349	)
Settlement loss		3,393			-			-			-
Net periodic benefit cost	$	4,696		$	1,826		$	694		$	668