PENSION PLANS

The Company has non-contributory defined benefit pension plans covering certain of its U.S. employees. Retirement benefits are generally provided based on the employees’ years of service and average earnings. Normal retirement age is 65, with provisions for earlier retirement.

The components of net periodic benefit cost related to Company sponsored defined benefit plans for the three and nine month periods ended June 30, 2017 and July 1, 2016 were as follows:



	Three Months Ended				Nine Months Ended
	June 30, 2017		July 1, 2016		June 30, 2017		July 1, 2016
Components of net periodic benefit cost:
Service cost	$	—	$	—	$	—	$	—
Interest on projected benefit obligation	215		299		783		853
Less estimated return on plan assets	347		351		895		949
Amortization of unrecognized losses	265		114		548		424
Net periodic benefit cost	$	133	$	62	$	436	$	328