Defined Benefit Pension Plans

9 Months Ended

Sep. 28, 2018

Defined Benefit Plan [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 7 – Defined Benefit Pension Plans

The Company has defined benefit plans covering employees of its Switzerland and Japan operations. The following table summarizes the components of net periodic pension cost recorded for the Company’s defined benefit pension plans (in thousands):

	Three Months Ended						Nine Months Ended
	September 28, 2018			September 29, 2017			September 28, 2018			September 29, 2017
Service cost(1)	$	137		$	128		$	414		$	386
Interest cost(2)		15			14			44			42
Expected return on plan assets(2)		(28	)		(24	)		(82	)		(71	)
Net amortization of transitional obligation(2),(3)		3			3			8			9
Prior service credit(2),(3)		(6	)		(2	)		(17	)		(6	)
Actuarial loss recognized in current period(2),(3)		28			17			85			52
Net periodic pension cost	$	149		$	136		$	452		$	412

(1)	Recognized in selling general and administrative expenses on the Condensed Consolidated Statements of Operations.
(2)	For 2018, recognized in other income (expense), net, and for 2017, recognized in selling, general and administrative on the Condensed Consolidated Statements of Operations.
(3)	Amounts reclassified from accumulated other comprehensive loss.

The Company currently is not required to and does not make contributions to its Japan pension plan. The Company’s contributions to its Swiss pension plan are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 28, 2018		September 29, 2017		September 28, 2018		September 29, 2017
Employer contribution	$	80	$	66	$	225	$	197