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Retirement Plans (Tables)
6 Months Ended
Jun. 28, 2015
Retirement Plans  
Net Pension Income or Postretirement Expense

Net pension income for our domestic and foreign plans was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

($ in thousands) 

    

June 28, 2015

    

June 29, 2014

    

June 28, 2015

    

June 29, 2014

 

Net pension income

 

$

(530)

 

$

(454)

 

$

(1,059)

 

$

(1,080)

 

 

Net pension (income) expense breakdown for our domestic and foreign plans include the following components:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Pension Plans

 

Foreign Pension Plans

 

Three months:

 

Three Months Ended

 

Three Months Ended

 

($ in thousands)

    

June 28, 2015

    

June 29, 2014

    

June 28, 2015

    

June 29, 2014

 

Service cost

 

$

42

 

$

48

 

$

16

 

$

21

 

Interest cost

 

 

2,815

 

 

3,053

 

 

124

 

 

155

 

Expected return on plan assets (1)

 

 

(5,068)

 

 

(5,208)

 

 

(134)

 

 

(170)

 

Amortization of loss

 

 

1,585

 

 

1,416

 

 

90

 

 

59

 

Other cost due to retirement

 

 

 —

 

 

172

 

 

 —

 

 

 —

 

(Income) expense, net

 

$

(626)

 

$

(519)

 

$

96

 

$

65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Pension Plans

 

Foreign Pension Plans

 

Six months:

 

Six Months Ended

 

Six Months Ended

 

($ in thousands)

    

June 28, 2015

    

June 29, 2014

    

June 28, 2015

    

June 29, 2014

 

Service cost

 

$

86

 

$

96

 

$

33

 

$

42

 

Interest cost

 

 

5,629

 

 

6,111

 

 

247

 

 

305

 

Expected return on plan assets (1)

 

 

(10,136)

 

 

(10,416)

 

 

(267)

 

 

(337)

 

Amortization of loss

 

 

3,169

 

 

2,829

 

 

180

 

 

118

 

Other cost due to retirement

 

 

 —

 

 

172

 

 

 —

 

 

 —

 

(Income) expense, net

 

$

(1,252)

 

$

(1,208)

 

$

193

 

$

128

 

 


(1)

Expected return on plan assets is net of expected investment expenses and certain administrative expenses.

 

Other Postretirement Benefit Plan

 

Net postretirement expense for our postretirement plan includes the following components:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

($ in thousands) 

    

June 28, 2015

    

June 29, 2014

    

June 28, 2015

    

June 29, 2014

 

Other postretirement benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1

 

$

1

 

$

2

 

$

2

 

Interest cost

 

 

51

 

 

58

 

 

102

 

 

115

 

Amortization of gain

 

 

(25)

 

 

(40)

 

 

(50)

 

 

(79)

 

Postretirement expense

 

$

27

 

$

19

 

$

54

 

$

38