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Retirement Plans | 6 Months Ended
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Jun. 30, 2016
Retirement Plans [Abstract] |
RETIREMENT PLANS | 13. RETIREMENT PLANS ﻿ Retirement Plans ﻿ The Company has seven retirement plans which cover its hourly and salaried employees in the United States: three defined benefit plans (one active / two frozen) and four defined contribution plans. Employees are eligible to participate in the appropriate plan based on employment classification. The Company's funding contributions to the defined benefit and defined contribution plans are governed by the Employee Retirement Income Security Act of 1974 (“ERISA"), applicable plan policy and investment guidelines. The Company’s policy is to contribute at least the minimum in accordance with the funding standards of ERISA. ﻿ The Company’s subsidiary, L.B. Foster Rail Technologies, Inc. (“Rail Technologies”), maintains two defined contribution plans for its employees in Canada, as well as a post-retirement benefit plan. In the United Kingdom, Rail Technologies maintains two defined contribution plans and a defined benefit plan. United States Defined Benefit Plans ﻿ Net periodic pension costs for the United States defined benefit pension plans for the three- and six-month periods ended June 30, 2016 and 2015 are as follows: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | Three Months Ended |  | Six Months Ended
﻿ |  | June 30, |  | June 30,
﻿ |  | 2016 |  | 2015 |  | 2016 |  | 2015
﻿ |  |
﻿Service cost | $ | 9 | $ | 9 | $ | 18 | $ | 19
﻿Interest cost |  | 186 |  | 185 |  | 372 |  | 370
﻿Expected return on plan assets |  | (179) |  | (204) |  | (358) |  | (408)
﻿Recognized net actuarial loss |  | 69 |  | 69 |  | 138 |  | 138
﻿Net periodic pension cost | $ | 85 | $ | 59 | $ | 170 | $ | 119
﻿ The Company does not expect to contribute to its United States defined benefit plans in 2016. ﻿ United Kingdom Defined Benefit Plans ﻿ Net periodic pension costs for the United Kingdom defined benefit pension plan for the three- and six-month periods ended June 30, 2016 and 2015 are as follows: ﻿
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | Three Months Ended |  | Six Months Ended
﻿ |  | June 30, |  | June 30,
﻿ |  | 2016 |  | 2015 |  | 2016 |  | 2015
﻿ |  |
﻿Interest cost | $ | 75 | $ | 77 | $ | 150 | $ | 153
﻿Expected return on plan assets |  | (84) |  | (83) |  | (168) |  | (166)
﻿Amortization of prior service costs and transition amount |  | 5 |  | 5 |  | 10 |  | 10
﻿Recognized net actuarial loss |  | 39 |  | 59 |  | 78 |  | 117
﻿Net periodic pension cost | $ | 35 | $ | 58 | $ | 70 | $ | 114
﻿ United Kingdom regulations require trustees to adopt a prudent approach to funding required contributions to defined benefit pension plans. Employer contributions of approximately $247 are anticipated to the United Kingdom L.B. Foster Rail Technologies, Inc. pension plan during 2016. For the six months ended June 30, 2016, the Company contributed approximately $120 to the plan. ﻿ Defined Contribution Plans ﻿ The Company sponsors eight defined contribution plans for hourly and salaried employees across our domestic and international facilities. The following table summarizes the expense associated with the contributions made to these plans.
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﻿ |  |  |  |  |  |  |  |
﻿ |  | Three Months Ended |  | Six Months Ended
﻿ |  | June 30, |  | June 30,
﻿ |  | 2016 |  | 2015 |  | 2016 |  | 2015
﻿ |  |  |  |
﻿United States | $ | 445 | $ | 747 | $ | 1,137 | $ | 1,429
﻿Canada |  | 67 |  | 55 |  | 118 |  | 114
﻿United Kingdom |  | 160 |  | 115 |  | 218 |  | 198
﻿ | $ | 672 | $ | 917 | $ | 1,473 | $ | 1,741
﻿

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