XML 99 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
EMPLOYEE BENEFIT PLANS
6 Months Ended
Jun. 29, 2013
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
Defined Benefit Plans - As of June 29, 2013, the Company maintained two domestic pension plans and three German pension plans. The Company used a December 29 measurement date for these plans.

Other Benefits - The Company's other postretirement benefit plan provides health and life insurance to domestic employees hired prior to 1992.

The following table sets forth the aggregated net periodic benefit cost for all pension plans for the second quarters and six months ended June 29, 2013 and June 30, 2012, respectively:
(In millions)
Pension Benefits
 
Second Quarter Ended
 
Six Months Ended
 
June 29, 2013
 
June 30, 2012
 
June 29, 2013
 
June 30, 2012
Service cost
$
0.6

 
$
0.4

 
$
1.0

 
$
0.8

Interest cost
1.9

 
2.1

 
3.8

 
4.2

Expected return on assets
(2.5
)
 
(2.6
)
 
(5.0
)
 
(5.2
)
Amortization of transition obligation

 

 

 

Prior service cost

 

 

 

Loss
0.8

 
0.5

 
1.7

 
1.0

Total net periodic benefit cost
$
0.8

 
$
0.4

 
$
1.5

 
$
0.8

 
 
 
 
 
 
 
 
 
Other Benefits
 
Second Quarter Ended
 
Six Months Ended
 
June 29, 2013
 
June 30, 2012
 
June 29, 2013
 
June 30, 2012
Service cost
$
0.1

 
$

 
$
0.1

 
$

Interest cost
0.1

 
0.2

 
0.2

 
0.3

Expected return on assets

 

 

 

Amortization of transition obligation

 
0.1

 

 
0.1

Prior service cost
0.1

 
0.1

 
0.2

 
0.2

Loss

 

 
0.1

 

Total net periodic benefit cost
$
0.3

 
$
0.4

 
$
0.6

 
$
0.6

 
 
 
 
 
 
 
 


In the six months ended June 29, 2013, the Company made contributions to the funded plans of $3.4 million. The amount of contributions to be made to the plans during the calendar year 2013 will be finalized by September 15, 2013 based upon the desired level of funding as of the December 29, 2012 year-end valuation.