Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans

v3.19.1
Benefit Plans
 3 Months Ended
Mar. 31, 2019
Retirement Benefits [Abstract]  
Benefit Plans
15. 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
March 31,
 
Three months ended
March 31,
 
 
2019
 
2018
 
2019
 
2018
Service cost
 
$
219

 
$
310

 
$
806

 
$
887

Interest cost
 
2,507

 
2,372

 
833

 
1,505

Expected return on plan assets
 
(2,757
)
 
(3,174
)
 
(603
)
 
(1,319
)
Amortization of net loss
 
—

 
—

 
—

 
13

Net periodic expense (benefit)
 
$
(31
)
 
$
(492
)
 
$
1,036

 
$
1,086

 
 
 
 
 
 
 
 
 

Supplemental Retirement Plans
 
 
Three months ended
March 31,
 
 
2019
 
2018
Interest cost
 
$
121

 
$
110

Net periodic expense
 
$
121

 
$
110

 
 
 
 
 
Other Postretirement Benefit Plans
 
 
Three months ended
March 31,
 
 
2019
 
2018
Service cost
 
$
3

 
$
6

Interest cost
 
38

 
38

Amortization of prior service credit
 
(33
)
 
(19
)
Amortization of net gain
 
(8
)
 
(11
)
Net periodic expense
 
$
—

 
$
14