Employee Benefit Plans

9 Months Ended

Oct. 04, 2015

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Postretirement Benefit Plans

The following table summarizes the components of net periodic benefit (credit) cost for the Company’s various defined benefit employee pension and postretirement plans for the three and nine months ended October 4, 2015 and September 28, 2014:

	Defined Benefit Pension Benefits						Postretirement Medical Benefits
	Three Months Ended
	October 4, 2015			September 28, 2014			October 4, 2015			September 28, 2014
	(In thousands)
Service cost	$	1,083		$	1,030		$	27		$	24
Interest cost	5,176			5,914			36			39
Expected return on plan assets	(6,513		)	(6,277		)	(265		)	(241		)
Amortization of prior service costs	(59		)	(72		)	—			—
Net periodic benefit (credit) cost	$	(313	)	$	595		$	(202	)	$	(178	)

	Defined Benefit Pension Benefits						Postretirement Medical Benefits
	Nine Months Ended
	October 4, 2015			September 28, 2014			October 4, 2015			September 28, 2014
	(In thousands)
Service cost	$	3,274		$	3,094		$	81		$	72
Interest cost	15,602			17,761			108			116
Expected return on plan assets	(19,535		)	(18,820		)	(797		)	(723		)
Curtailment gain	(816		)	—			—			—
Actuarial loss	821			—			—			—
Amortization of prior service	(182		)	(214		)	—			—
Net periodic benefit (credit) cost	$	(836	)	$	1,821		$	(608	)	$	(535	)

During the nine months ended October 4, 2015 and September 28, 2014, the Company contributed $6.5 million and $2.8 million, respectively, in the aggregate, to pension plans outside of the United States. During the nine months ended October 4, 2015, the Company contributed $20.0 million to its defined benefit pension plan in the United States.

In the third quarter of fiscal year 2014, the Company notified certain employees of its intention to terminate their employment as part of the Q3 2014 restructuring plan. During the second quarter of fiscal year 2015, the termination of these participants decreased the expected future service lives in excess of the curtailment limit for one of the Company's pension plans, which resulted in a curtailment gain. The Company recorded the curtailment gain of $0.8 million during the second quarter of fiscal year 2015. As part of the curtailment, the Company remeasured the assets and liabilities of the plan that had the curtailment based upon current discount rates and the fair value of the pension plan's assets as of the curtailment date, which resulted in an actuarial loss of $0.8 million.

The Company recognizes actuarial gains and losses, unless an interim remeasurement is required, in operating results in the fourth quarter of the year in which the gains and losses occur, in accordance with the Company's accounting method for defined benefit pension plans and other postretirement benefits as described in Note 1 of the Company's audited consolidated financial statements and notes included in its 2014 Form 10-K. Such adjustments for gains and losses are primarily driven by events and circumstances beyond the Company's control, including changes in interest rates, the performance of the financial markets and mortality assumptions.