Pensions and Other Postretirement Benefits

3 Months Ended

Mar. 30, 2019

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 2019 and 2018 for the Company’s defined benefit pension plans:

	Fiscal quarter ended March 30, 2019					Fiscal quarter ended March 31, 2018
	U.S. Plans		Non-U.S. Plans			U.S. Plans		Non-U.S. Plans
Net service cost	$	-	$	852		$	-	$	948
Interest cost		424		1,291			371		1,242
Expected return on plan assets		-		(490	)		-		(488	)
Amortization of prior service cost		36		51			36		55
Amortization of losses		118		1,359			159		1,604
Curtailment and settlement losses		-		505			-		462
Net periodic benefit cost	$	578	$	3,568		$	566	$	3,823

Other Postretirement Benefits

The following table shows the components of the net periodic benefit cost for the first fiscal quarters of 2019 and 2018 for the Company’s other postretirement benefit plans:

	Fiscal quarter ended March 30, 2019					Fiscal quarter ended March 31, 2018
	U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans
Service cost	$	35		$	72	$	34		$	75
Interest cost		77			30		68			30
Amortization of prior service (credit)		-			-		(37	)		-
Amortization of losses (gains)		(32	)		27		(10	)		27
Net periodic benefit cost	$	80		$	129	$	55		$	132