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EMPLOYEE BENEFIT PLANS
 6 Months Ended
Jun. 30, 2014
EMPLOYEE BENEFIT PLANS [Abstract]  
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS

The Company has three frozen defined benefit pension plans covering certain employees or former employees of three U.S. subsidiaries. The Company also has pension plans covering certain employees of several foreign subsidiaries. The Company also sponsors four 401(k) retirement savings plans in the U.S. and a number of defined contribution plans at foreign subsidiaries. The Company contributed approximately $2.3 million to the pension plans during the six months ended June 30, 2014 and expects to contribute approximately $3.6 million to the pension plans during the remainder of 2014.

The components of net periodic pension cost consisted of the following (amounts in thousands):
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Service cost
$
193

 
$
214

 
$
402

 
$
386

Interest cost
1,426

 
1,350

 
2,847

 
2,704

Expected return on assets
(1,501
)
 
(1,396
)
 
(3,003
)
 
(2,792
)
Amortization of unrecognized prior service cost
34

 
34

 
68

 
68

Amortization of net unrecognized loss
758

 
1,317

 
1,516

 
2,635

      Net periodic pension cost
$
910

 
$
1,519

 
$
1,830

 
$
3,001