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EMPLOYEE BENEFIT PLANS
3 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
Defined Benefit Plans - As of March 31, 2017, the Company maintained two domestic pension plans and three German pension plans. The Company used a December 31, 2016 measurement date for these plans. One of the Company's domestic pension plans covers one active management employee, while the other domestic plan covers all other eligible employees (plan was frozen as of December 31, 2011). 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 March 31, 2017 and April 2, 2016:
(In millions)
Pension Benefits
 
Other Benefits
 
First Quarter Ended
 
First Quarter Ended
 
March 31, 2017
 
April 2, 2016
 
March 31, 2017
 
April 2, 2016
Service cost
$
0.1

 
$
0.2

 
$

 
$

Interest cost
1.4

 
1.5

 
0.1

 
0.1

Expected return on assets
(2.2
)
 
(2.3
)
 

 

Amortization of:
 
 
 
 
 
 
 
Prior service cost

 

 
0.1

 
0.1

Actuarial loss
0.6

 
0.6

 

 

Settlement cost

 
0.3

 

 

Net periodic benefit cost
$
(0.1
)
 
$
0.3

 
$
0.2

 
$
0.2

 
 
 
 
 
 
 
 

In the first quarter ended March 31, 2017, the Company made contributions of $1.1 million to the funded plans. The amount of contributions to be made to the plans during the calendar year 2017 will be finalized by September 15, 2017, based upon the funding level requirements identified and year-end valuation performed at December 31, 2016.