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Retirement Plans
3 Months Ended
Apr. 01, 2012
Retirement Plans [Abstract]  
Retirement Plans

NOTE F – Retirement Plans

Net pension (income)/ expense for the three months ended April 1, 2012 and April 3, 2011 for our domestic and foreign plans include the following components:

 

                                 
    Domestic Pension Plans     Foreign Pension Plans  

($ in thousands)

  April 1, 2012     April 3, 2011     April 1, 2012     April 3 2011  

Service cost

  $ 683     $ 687     $ 31     $ 35  

Interest cost

    2,991       3,078       142       149  

Expected return on plan assets (1)  

    (5,376     (5,916     (109     (143

Amortization of prior service cost

    151       153       —         —    

Amortization of loss/(gain)

    1,519       1,050       74       69  
   

 

 

   

 

 

   

 

 

   

 

 

 

(Income)/expense, net

  $ (32   $ (948   $ 138     $ 110  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

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

Net post retirement expense for the three months ended April 1, 2012 and April 3, 2011 for our post-retirement plan includes the following components:

 

                 
    Post-retirement Plan  

($ in thousands)

  April 1, 2012     April 3, 2011  

Service cost

  $ 2     $ 4  

Interest cost

    64       72  

Amortization of (gain)

    (10     (2
   

 

 

   

 

 

 

Expense, net

  $ 56     $ 74