Employee Benefit Plans

6 Months Ended

Jun. 30, 2012

Employee Benefit Plans

Note 7.   Employee Benefit Plans

The Company has a defined benefit pension plan covering certain hourly employees of a subsidiary. Pension plan benefits are generally determined on the basis of the retiree’s age and length of service. Assets of the defined benefit pension plan are composed primarily of fixed income and equity securities. The Company also has a retirement plan covering certain current and retired employees from the LaBarge acquisition (the “LaBarge Retirement Plan”). The liability for the LaBarge Retirement Plan included in accrued employee compensation and long term liabilities was $0.5 million and $7.6 million, at June 30, 2012 and $0.6 million and $5.5 million, at December 31, 2011. These two plans above have been combined in the tables below.

The components of net periodic pension cost for the defined benefit pension plan and the LaBarge Retirement Plan are as follows:

	(In thousands)
	Three Months Ended						Six Months Ended
	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Service cost	$	241		$	131		$	482		$	262
Interest cost		238			229			476			458
Expected return on plan assets		(265	)		(279	)		(530	)		(557	)
Amortization of actuarial loss		287			108			574			215
Net periodic post retirement benefit cost	$	501		$	189		$	1,002		$	378