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EMPLOYEE BENEFIT PLANS
3 Months Ended
Apr. 04, 2015
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
Defined Benefit Plans - As of April 4, 2015, the Company maintained two domestic pension plans and three German pension plans. The Company used a January 3, 2015 measurement date for these plans. One of the Company's domestic pension plans covers two management employees, while the other domestic plan covers all other eligible employees. The two domestic and three German plans collectively comprise the 'Pension Benefits' disclosure caption.

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 and postretirement plans for the first quarters ended April 4, 2015 and March 29, 2014, respectively:
(In millions)
Pension Benefits
 
Other Benefits
 
First Quarter Ended
 
First Quarter Ended
 
April 4, 2015
 
March 29, 2014
 
April 4, 2015
 
March 29, 2014
Service cost
$
0.3

 
$
0.3

 
$

 
$

Interest cost
1.8

 
2.0

 
0.1

 
0.1

Expected return on assets
(2.5
)
 
(2.6
)
 

 

Amortization of prior service cost

 

 
0.1

 
0.1

Amortization of loss
0.8

 
0.6

 
0.1

 

Net periodic benefit cost
$
0.4

 
$
0.3

 
$
0.3

 
$
0.2

Settlement cost
0.3

 
0.2

 

 

Total net periodic benefit cost
$
0.7

 
$
0.5

 
$
0.3

 
$
0.2

 
 
 
 
 
 
 
 

In the first quarter ended April 4, 2015, the Company made contributions of $0.8 million to the funded plans. The amount of contributions to be made to the plans during the calendar year 2015 will be finalized September 15, 2015, based upon the plan's year-end valuation at January 3, 2015, and the funding level required for the plan year ended January 3, 2015.