Pensions and Other Postretirement Benefits

6 Months Ended

Jun. 29, 2013

Pensions and Other Postretirement Benefits [Abstract]

Pensions and Other Postretirement Benefits

Note 7 – Pensions and Other Postretirement Benefits

The Company maintains various retirement benefit plans.

The following table shows the components of the net periodic pension cost for the second fiscal quarters of 2013 and 2012 for the Company's defined benefit pension plans:

	Fiscal quarter ended						Fiscal quarter ended
	June 29, 2013						June 30, 2012
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Net service cost	$	-		$	872		$	-		$	811
Interest cost		3,474			2,012			3,923			2,344
Expected return on plan assets		(4,586	)		(520	)		(4,770	)		(414	)
Amortization of prior service cost (credit)		245			(8	)		550			-
Amortization of losses		3,507			828			3,174			416
Net periodic benefit cost	$	2,640		$	3,184		$	2,877		$	3,157

The following table shows the components of the net periodic pension cost for the six fiscal months ended June 29, 2013 and June 30, 2012 for the Company's defined benefit pension plans:

	Six fiscal months ended						Six fiscal months ended
	June 29, 2013						June 30, 2012
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Net service cost	$	-		$	1,757		$	-		$	1,625
Interest cost		6,941			4,054			7,850			4,718
Expected return on plan assets		(9,562	)		(1,049	)		(9,486	)		(826	)
Amortization of prior service cost (credit)		489			(17	)		1,100			-
Amortization of losses		7,465			1,667			6,285			834
Net periodic benefit cost	$	5,333		$	6,412		$	5,749		$	6,351

The following table shows the components of the net periodic benefit cost for the second fiscal quarters of 2013 and 2012 for the Company's other postretirement benefit plans:

	Fiscal quarter ended					Fiscal quarter ended
	June 29, 2013					June 30, 2012
	U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Service cost	$	27		$	74	$	18		$	63
Interest cost		79			63		131			71
Amortization of prior service (credit)		(199	)		-		(102	)		-
Amortization of transition obligation		-			-		8			-
Amortization of losses (gains)		1			-		(26	)		-
Net periodic benefit cost	$	(92	)	$	137	$	29		$	134

The following table shows the components of the net periodic pension cost for the six fiscal months ended June 29, 2013 and June 30, 2012 for the Company's other postretirement benefit plans:

	Six fiscal months ended					Six fiscal months ended
	June 29, 2013					June 30, 2012
	U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Service cost	$	55		$	148	$	36		$	127
Interest cost		157			127		261			144
Amortization of prior service (credit)		(399	)		-		(204	)		-
Amortization of transition obligation		-			-		16			-
Amortization of losses (gains)		2			-		(48	)		-
Net periodic benefit cost	$	(185	)	$	275	$	61		$	271