XML 31 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
EMPLOYEE BENEFIT PLANS
 6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block] 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 a number of defined contribution plans in the U.S. and at foreign subsidiaries. The Company contributed approximately $1.7 million to the pension plans during the six months ended June 30, 2018, and expects to contribute approximately $3.7 million to the pension plans during the remainder of 2018.
 
The components of net periodic pension cost consisted of the following for the periods set forth below (amounts in thousands):
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2018
 
2017
 
2018
 
2017
Service cost
$
141

 
$
128

 
$
278

 
$
353

Interest cost
1,098

 
1,163

 
2,181

 
2,334

Expected return on assets
(1,491
)
 
(1,368
)
 
(2,983
)
 
(2,737
)
Amortization of unrecognized prior service cost
50

 
34

 
100

 
68

Amortization of net unrecognized loss
690

 
655

 
1,366

 
1,329

      Net periodic pension cost
$
488

 
$
612

 
$
942

 
$
1,347


Service cost is recorded as cost of sales in the Condensed Consolidated Statement of Operations while all other components are recorded in other income.