Note 6 - Employee Benefit Plans

6 Months Ended

Jul. 03, 2016

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 6 – EMPLOYEE BENEFIT PLANS

The following tables provide the components of net periodic benefit cost for the three-month and six-month periods ended July 3, 2016 and July 5, 2015, respectively:

	Three Months Ended						Six Months Ended
Defined Benefit Retirement Plan (Europe)	July 3, 2016			July 5, 2015			July 3, 2016			July 5, 2015
	(In thousands)						(In thousands)
Service cost	$	263		$	265		$	521		$	534
Interest cost		1,728			2,111			3,448			4,204
Expected return on assets		(2,007	)		(2,265	)		(4,004	)		(4,512	)
Amortization of prior service costs		(9	)		9			18			17
Recognized net actuarial losses		184			242			368			481
Net periodic benefit cost	$	159		$	362		$	351		$	724

	Three Months Ended				Six Months Ended
Salary Continuation Plan (SCP)	July 3, 2016		July 5, 2015		July 3, 2016		July 5, 2015
	(In thousands)				(In thousands)
Service cost	$	110	$	148	$	220	$	297
Interest cost		317		278		634		556
Amortization of loss		203		131		405		261
Net periodic benefit cost	$	630	$	557	$	1,259	$	1,114