Pensions and Other Postretirement Benefits

3 Months Ended

Mar. 29, 2014

Pensions and Other Postretirement Benefits [Abstract]

Pensions and Other Postretirement Benefits

Note 6 – 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 first fiscal quarters of 2014 and 2013 for the Company's defined benefit pension plans:

	Fiscal quarter ended March 29, 2014						Fiscal quarter ended March 30, 2013
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Net service cost	$	-		$	824		$	-		$	885
Interest cost		3,834			2,181			3,467			2,042
Expected return on plan assets		(4,058	)		(525	)		(4,976	)		(529	)
Amortization of prior service cost (credit)		(23	)		1			244			(9	)
Amortization of losses		1,810			687			3,958			839
Net periodic benefit cost	$	1,563		$	3,168		$	2,693		$	3,228

The following table shows the components of the net periodic benefit cost for the first fiscal quarters of 2014 and 2013 for the Company's other postretirement benefit plans:

	Fiscal quarter ended March 29, 2014					Fiscal quarter ended March 30, 2013
	U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Service cost	$	29		$	79	$	28		$	74
Interest cost		88			63		78			64
Amortization of prior service (credit)		(206	)		-		(200	)		-
Amortization of losses (gains)		(35	)		10		1			-
Net periodic benefit cost	$	(124	)	$	152	$	(93	)	$	138