XML 27 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Defined Benefit Pension Plans
 3 Months Ended
Mar. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Defined Benefit Pension Plans

6. Defined Benefit Pension Plans

Net periodic cost related to all of the Company's defined benefit pension plans recognized in the Company's unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2021 and 2020 included the following components:

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,

2021

 

 

March 31,

2020

 

Service cost

 

$

303

 

 

$

320

 

Interest cost

 

 

2,818

 

 

 

4,141

 

Expected return on assets

 

 

(6,270

)

 

 

(7,018

)

Amortization of actuarial loss

 

 

2,642

 

 

 

2,620

 

Net periodic (benefit)/cost

 

$

(507

)

 

$

63

 

For the three months ended March 31, 2021 and 2020, the non-service components of net periodic pension benefit of $(810,000) and $(257,000), respectively, are included in "Other Income (Expense), net" on the unaudited Condensed Consolidated Statement of Operations. For the three months ended March 31, 2021, the Company made no contribution to the U.S. defined benefit pension plan and made contributions of $157,000 to the U.K. defined benefit pension plans. For the three months ended March 31, 2020, the Company made contributions of $3,000,000 to the U.S. defined benefit plan and $156,000 to the U.K. defined benefit pension plans, respectively.