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Retirement Plans (Tables)
9 Months Ended
Sep. 27, 2015
Retirement Plans  
Net Pension Income or Postretirement Expense

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

($ in thousands) 

    

September 27, 2015

    

September 28, 2014

    

September 27, 2015

    

September 28, 2014

 

Net pension income

 

$

(532)

 

$

(637)

 

$

(1,591)

 

$

(1,717)

 

 

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)

    

September 27, 2015

    

September 28, 2014

    

September 27, 2015

    

September 28, 2014

 

Service cost

 

$

42

 

$

48

 

$

16

 

$

21

 

Interest cost

 

 

2,815

 

 

3,052

 

 

124

 

 

156

 

Expected return on plan assets (1)

 

 

(5,068)

 

 

(5,209)

 

 

(135)

 

 

(172)

 

Amortization of loss

 

 

1,585

 

 

1,408

 

 

89

 

 

59

 

Other cost due to retirement

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

(Income) expense, net

 

$

(626)

 

$

(701)

 

$

94

 

$

64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Pension Plans

 

Foreign Pension Plans

 

Nine months:

 

Nine Months Ended

 

Nine Months Ended

 

($ in thousands)

    

September 27, 2015

    

September 28, 2014

    

September 27, 2015

    

September 28, 2014

 

Service cost

 

$

128

 

$

144

 

$

49

 

$

63

 

Interest cost

 

 

8,444

 

 

9,163

 

 

371

 

 

461

 

Expected return on plan assets (1)

 

 

(15,204)

 

 

(15,625)

 

 

(402)

 

 

(509)

 

Amortization of loss

 

 

4,754

 

 

4,237

 

 

269

 

 

177

 

Other cost due to retirement

 

 

 —

 

 

172

 

 

 —

 

 

 —

 

(Income) expense, net

 

$

(1,878)

 

$

(1,909)

 

$

287

 

$

192

 

 


(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

 

Nine Months Ended

 

($ in thousands) 

    

September 27, 2015

    

September 28, 2014

    

September 27, 2015

    

September 28, 2014

 

Other postretirement benefit plan

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1

 

$

1

 

$

3

 

$

3

 

Interest cost

 

 

51

 

 

57

 

 

153

 

 

172

 

Amortization of gain

 

 

(25)

 

 

(39)

 

 

(75)

 

 

(118)

 

Postretirement expense

 

$

27

 

$

19

 

$

81

 

$

57