Employee Benefit Plans

6 Months Ended

Apr. 02, 2016

Employee Benefit Plans [Abstract]

Employee Benefit Plans

NOTE 14EMPLOYEE BENEFIT PLANS

One of our German subsidiaries has a non-contributory, defined benefit retirement plan for eligible employees. This plan provides benefits based on the employee's years of service and compensation during the years immediately preceding retirement, termination, disability or death, as defined in the plan. We use a September 30 measurement date for this defined benefit retirement plan.

We recognize the funded status of the defined benefit pension in our Consolidated Balance Sheets, recognize changes in that funded status in the year in which the changes occur through comprehensive income and measure the plan’s assets and obligations that determine the plan’s funded status as of the end of our fiscal year.

Net periodic benefit costs for our defined benefit retirement plan included the following components:

	Three Months Ended				Six Months Ended
		April 2,		March 28,		April 2,		March 28,
(in thousands)		2016		2015		2016		2015
Service cost	$	243	$	212	$	482	$	445
Interest cost		152		157		302		329
Expected return on plan assets		(257)		(249)		(510)		(522)
Net amortization and deferral		146		123		290		259
Net periodic benefit cost	$	284	$	243	$	564	$	511

The weighted average expected long-term rate of return on plan assets used to determine the net periodic benefit cost for each of the three and six months ended April 2, 2016 and March 28, 2015was 5.5% and 5.5%, respectively.