XML 43 R32.htm IDEA: XBRL DOCUMENT v3.19.1
Defined Benefit Pension Plans (Tables)
3 Months Ended
Mar. 29, 2019
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]  
Schedule of Net Benefit Costs

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

 

 

 

March 29,

2019

 

 

March 30,

2018

 

Service cost(1)

 

$

232

 

 

$

138

 

Interest cost

 

 

20

 

 

 

14

 

Expected return on plan assets

 

 

(33

)

 

 

(26

)

Net amortization of transitional obligation(2)

 

 

 

 

 

3

 

Prior service credit(2)

 

 

(6

)

 

 

(6

)

Actuarial loss recognized in current period(2)

 

 

32

 

 

 

28

 

Net periodic pension cost

 

$

245

 

 

$

151

 

 

(1)

Recognized in selling general and administrative expenses on the Condensed Consolidated Statements of Income.

(2)

Amounts reclassified from accumulated other comprehensive income (loss).

Schedule of Defined Benefit Plans Disclosures

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

 

 

 

March 29,

2019

 

 

March 30,

2018

 

Employer contribution

 

$

126

 

 

$

66