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Retirement Plans
3 Months Ended
Mar. 31, 2013
Retirement Plans [Abstract]  
Retirement Plans

NOTE F – Retirement Plans

Net pension expense/(income) for the three months ended March 31, 2013 of $545,000 and April 1, 2012 of $106,000 for our domestic and foreign plans include the following components:

 

                                 
    Domestic Pension Plans     Foreign Pension Plans  

($ in thousands)

  March 31, 2013     April 1, 2012     March 31, 2013     April 1, 2012  

Service cost

  $ 648     $ 683     $ 28     $ 31  

Interest cost

    2,711       2,991       132       142  

Expected return on plan assets (1)  

    (5,042     (5,376     (100     (109

Amortization of prior service cost

    149       151       —         —    

Amortization of loss

    1,921       1,519       98       74  
   

 

 

   

 

 

   

 

 

   

 

 

 

Expense/(income), net

  $ 387     $ (32   $ 158     $ 138  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

(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 March 31, 2013 and April 1, 2012 for our post-retirement plan includes the following components:

 

                 
    Three Months Ended  

($ in thousands)

  March 31, 2013     April 1, 2012  

OTHER POSTRETIREMENT BENEFIT PLAN

               

Service cost

  $ 2     $ 2  

Interest cost

    56       64  

Amortization of gain

    —         (10
   

 

 

   

 

 

 

Postretirement expense

  $ 58     $ 56