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 defined benefit pension 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 eligible spouses and dependent children. The Company funds the cost of these benefits as incurred.

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

	Pension Benefits						Postretirement Benefits
	Three Months Ended September 30,						Three Months Ended September 30,
	201 9			201 8			201 9			201 8
Service cost	$	551		$	562		$	271		$	194
Interest cost		614			644			235			141
Expected return on plan assets		(890	)		(1,073	)		-			-
Amortization of prior service cost		-			-			(282	)		(283	)
Recognized actuarial loss (gain)		431			388			7			(103	)
Settlement loss					120			-			-
Net periodic benefit cost (gain) (a)	$	706		$	641		$	231		$	(51	)

	Pension Benefits						Postretirement Benefits
	Nine Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Service cost	$	1,653		$	1,857		$	812		$	582
Interest cost		1,841			1,882			706			422
Expected return on plan assets		(2,671	)		(3,380	)		-			-
Amortization of prior service cost		-			-			(846	)		(847	)
Recognized actuarial loss (gain)		1,294			1,206			21			(310	)
Settlement loss		-			2,736			-			-
Net periodic benefit cost (gain) (a)	$	2,117		$	4,301		$	693		$	(153	)

(a)	The components of net periodic benefit cost other than the service cost component are included in Other income (expense), net in the Consolidated Statements of Income.