Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans

v3.19.2
Benefit Plans
6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Benefit Plans
16. Benefit Plans:
The following information is provided for (1) the Company-sponsored defined benefit pension plans covering employees in the U.S. and certain employees at its foreign subsidiaries, (2) the Company-sponsored unfunded plans to provide certain health care benefits to retired employees in the U.S. and Canada, and (3) the Company’s defined benefit supplementary retirement plans which provide benefits for certain U.S. employees in excess of qualified plan limitations.
Components of net periodic expense (benefit) are as follows:
Defined Benefit Pension Plans
 
 
U.S. 
 
Foreign
 
 
Three months ended
June 30,
 
Three months ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Service cost
 
$
281

 
$
223

 
$
878

 
$
845

Interest cost
 
2,798

 
2,369

 
824

 
1,608

Expected return on plan assets
 
(3,064
)
 
(3,176
)
 
(990
)
 
(1,628
)
Amortization of net loss
 

 

 

 
12

Amortization of prior service cost
 

 

 
12

 

Curtailment gain recognized
 

 
(576
)
 

 

Net periodic expense (benefit)
 
$
15

 
$
(1,160
)
 
$
724

 
$
837

 
 
 
 
 
 
 
 
 
 
 
U.S. 
 
Foreign 
 
 
Six months ended
June 30,
 
Six months ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Service cost
 
$
500

 
$
533

 
$
1,684

 
$
1,732

Interest cost
 
5,305

 
4,741

 
1,657

 
3,113

Expected return on plan assets
 
(5,821
)
 
(6,350
)
 
(1,593
)
 
(2,947
)
Amortization of net loss
 

 

 

 
25

Amortization of prior service cost
 

 

 
12

 

Curtailment gain recognized
 

 
(576
)
 

 

Net periodic expense (benefit)
 
$
(16
)
 
$
(1,652
)
 
$
1,760

 
$
1,923

 
 
 
 
 
 
 
 
 

Supplemental Retirement Plans
 
 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Interest cost
 
$
122

 
$
110

 
$
243

 
$
220

Net periodic expense
 
$
122

 
$
110

 
$
243

 
$
220

 
 
 
 
 
 
 
 
 
Other Postretirement Benefit Plans
 
 
Three months ended
June 30,
 
Six months ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Service cost
 
$
4

 
$
3

 
$
7

 
$
9

Interest cost
 
38

 
27

 
76

 
65

Amortization of prior service credit
 
(33
)
 
(20
)
 
(65
)
 
(39
)
Amortization of net gain
 
(9
)
 
(11
)
 
(18
)
 
(22
)
Net periodic expense
 
$

 
$
(1
)
 
$

 
$
13