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Pensions and Other Postretirement Benefits
6 Months Ended
Jul. 01, 2017
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits
Pension and Other Postretirement Benefits
Employees of VPG participate in various defined benefit pension and other postretirement benefit ("OPEB") plans.
The following table sets forth the components of the net periodic benefit cost for the Company's defined benefit pension and other postretirement benefit plans (in thousands):
 
Fiscal quarter ended 
 July 1, 2017
 
Fiscal quarter ended 
 July 2, 2016
 
Pension
Plans
 
OPEB
Plans
 
Pension
Plans
 
OPEB
Plans
Net service cost
$
119

 
$
28

 
$
104

 
$
25

Interest cost
165

 
35

 
205

 
33

Expected return on plan assets
(132
)
 

 
(166
)
 

Amortization of actuarial losses
113

 
28

 
52

 
19

Net periodic benefit cost
$
265

 
$
91

 
$
195

 
$
77




Six fiscal months ended July 1, 2017
 
Six fiscal months ended July 2, 2016

Pension
Plans
 
OPEB
Plans
 
Pension
Plans
 
OPEB
Plans
Net service cost
$
236

 
$
56

 
$
206

 
$
50

Interest cost
328

 
70

 
410

 
65

Expected return on plan assets
(262
)
 

 
(333
)
 

Amortization of actuarial losses
224

 
56

 
103

 
38

Net periodic benefit cost
$
526

 
$
182

 
$
386

 
$
153