Net Periodic Benefit Cost - Defined Benefit Pension Plans

9 Months Ended

Oct. 03, 2015

Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]

Net periodic benefit cost--defined benefit pension plans [Text Block]

Net Periodic Benefit Cost--Defined Benefit Pension Plans

The results of operations included the following net periodic benefit cost recognized related to our defined-benefit pension plans.

	Three Months Ended						Nine Months Ended
	October 3, 2015			September 27, 2014			October 3, 2015			September 27, 2014
Components of pension cost
Service costs--increase in benefit obligation earned	$	4		$	12		$	30		$	38
Interest cost on projected benefit obligation	376			405			1,131			1,214
Expected return on plan assets	(405		)	(499		)	(1,216		)	(1,495		)
Curtailment cost	—			—			49			—
Amortization of net actuarial loss	345			177			1,078			531
Amortization of prior service cost	1			4			5			10
Net pension cost of defined benefit pension plans	$	321		$	99		$	1,077		$	298

During the second quarter ended July 4, 2015, the Board of Directors approved a pension plan amendment for the Supplemental Executive Retirement Plan (the “SERP”) to cease the accrual of additional retirement benefits, resulting in recognition of plan curtailment cost of $49, which consisted of existing net prior service costs prior to

H. Net Periodic Benefit Cost--Defined Benefit Pension Plans (continued)

the plan freeze. As required, we remeasured the SERP’s accumulated benefits obligation which, after the plan freeze, is being amortized based on the remaining life expectancy of plan participants instead of the remaining service period of these participants.