Pension and Postretirement Benefits

3 Months Ended

Apr. 02, 2017

Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]

Pension and Postretirement Benefits

(7) Pension and Postretirement Benefits

The components of the net periodic cost of the Company's defined benefit pension and other postretirement plans for the quarters ended April 2, 2017 and March 27, 2016are as follows:

	Quarter Ended
	Pension				Postretirement
	April 2,		March 27,		April 2,		March 27,
	2017		2016		2017		2016
Service cost	$	952		998		172		132
Interest cost		4,725		4,606		295		294
Expected return on assets		(6,281)		(5,507)		-		-
Net amortization and deferrals		2,694		2,132		-		-
Net periodic benefit cost	$	2,090		2,229		467		426

During the three months ended April 2, 2017, the Company made cash contributions to its defined benefit pension plans of approximately $700 in the aggregate. The Company expects to contribute approximately $27,900during the remainder of fiscal 2017.