Pensions and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2018

Pensions and Other Postretirement Benefits [Abstract]

Pensions and Other Postretirement Benefits

Note 8 – Pensions and Other Postretirement Benefits

The Company maintains various retirement benefit plans.

Defined Benefit Pension Plans

The following table shows the components of the net periodic pension cost for the first fiscal quarters of 2018 and 2017 for the Company's defined benefit pension plans:

	Fiscal quarter ended March 31, 2018					Fiscal quarter ended April 1, 2017
	U.S. Plans		Non-U.S. Plans			U.S. Plans		Non-U.S. Plans
Net service cost	$	-	$	948		$	-	$	903
Interest cost		371		1,242			410		1,167
Expected return on plan assets		-		(488	)		-		(506	)
Amortization of prior service cost		36		55			36		18
Amortization of losses		159		1,604			82		1,478
Curtailment and settlement losses		-		462			-		322
Net periodic benefit cost	$	566	$	3,823		$	528	$	3,382

Other Postretirement Benefits

The following table shows the components of the net periodic benefit cost for the first fiscal quarters of 2018 and 2017 for the Company's other postretirement benefit plans:

	Fiscal quarter ended March 31, 2018					Fiscal quarter ended April 1, 2017
	U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Service cost	$	34		$	75	$	33		$	64
Interest cost		68			30		77			24
Amortization of prior service (credit)		(37	)		-		(209	)		-
Amortization of losses (gains)		(10	)		27		(23	)		14
Net periodic benefit cost	$	55		$	132	$	(122	)	$	102