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EMPLOYEE BENEFIT PLANS
6 Months Ended
Jul. 04, 2015
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
Defined Benefit Plans - As of July 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 plans for the second quarters and six months ended July 4, 2015 and June 28, 2014, respectively:
(In millions)
Pension Benefits
 
Second Quarter Ended
 
Six Months Ended
 
July 4, 2015
 
June 28, 2014
 
July 4, 2015
 
June 28, 2014
Service cost
$
0.3

 
$
0.4

 
$
0.6

 
$
0.7

Interest cost
1.8

 
2.1

 
3.6

 
4.1

Expected return on assets
(2.5
)
 
(2.6
)
 
(5.0
)
 
(5.2
)
Amortization of prior service cost

 

 

 

Amortization of loss
0.8

 
0.6

 
1.6

 
1.2

Net periodic benefit cost
$
0.4

 
$
0.5

 
$
0.8

 
$
0.8

Settlement cost
0.3

 
0.2

 
0.6

 
0.4

Total net periodic benefit cost
$
0.7

 
$
0.7

 
$
1.4

 
$
1.2

 
 
 
 
 
 
 
 

In the six months ended July 4, 2015, the Company made contributions of $1.3 million to the funded plans. The amount of contributions to be made to the plans during the calendar year 2015 will be finalized by 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.

The following table sets forth the aggregated net periodic benefit cost for the postretirement benefit plan for the second quarters and six months ended July 4, 2015 and June 28, 2014, respectively:
 
Other Benefits
 
Second Quarter Ended
 
Six Months Ended
 
July 4, 2015
 
June 28, 2014
 
July 4, 2015
 
June 28, 2014
Service cost
$

 
$
0.1

 
$

 
$
0.1

Interest cost
0.1

 
0.1

 
0.2

 
0.2

Expected return on assets

 

 

 

Amortization of prior service cost
0.1

 
0.1

 
0.2

 
0.2

Amortization of loss
0.1

 

 
0.2

 

Net periodic benefit cost
$
0.3

 
$
0.3

 
$
0.6

 
$
0.5

Settlement cost

 

 

 

Total net periodic benefit cost
$
0.3

 
$
0.3

 
$
0.6

 
$
0.5