Pensions and Other Postretirement Benefits

3 Months Ended

Apr. 04, 2015

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 2015 and 2014 for the Company's defined benefit pension plans:

	Fiscal quarter ended April 4, 2015						Fiscal quarter ended March 29, 2014
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Net service cost	$	-		$	829		$	-		$	824
Interest cost		2,943			1,432			3,834			2,181
Expected return on plan assets		(3,385	)		(454	)		(4,058	)		(525	)
Amortization of prior service cost (credit)		16			-			(23	)		1
Amortization of losses		2,022			1,299			1,810			687
Net periodic benefit cost	$	1,596		$	3,106		$	1,563		$	3,168

The following table shows the components of the net periodic benefit cost for the first fiscal quarters of 2015 and 2014 for the Company's other postretirement benefit plans:

	Fiscal quarter ended April 4, 2015					Fiscal quarter ended March 29, 2014
	U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Service cost	$	30		$	69	$	29		$	79
Interest cost		83			37		88			63
Amortization of prior service (credit)		(209	)		-		(206	)		-
Amortization of losses (gains)		22			19		(35	)		10
Net periodic benefit cost	$	(74	)	$	125	$	(124	)	$	152