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Retirement Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost and Assumptions Used
The components of net periodic benefit cost are as follows:
 
 
Three Months Ended 
 June 30, 2018
 
Three Months Ended 
 July 1, 2017
(In thousands, except percentages)
 
U.S. Pension
 
Non-U.S. Pension
 
Other Post-Retirement
 
U.S. Pension
 
Non-U.S. Pension
 
Other Post-Retirement
Service Cost
 
$
175

 
$
35

 
$
53

 
$
147

 
$
33

 
$
53

Interest Cost
 
298

 
30

 
43

 
302

 
26

 
45

Expected Return on Plan Assets
 
(322
)
 
(11
)
 
(1
)
 
(328
)
 
(9
)
 

Recognized Net Actuarial Loss
 
135

 
15

 
34

 
108

 
9

 
27

Amortization of Prior Service Cost
 

 
2

 
22

 
13

 
1

 
23

 
 
$
286

 
$
71

 
$
151

 
$
242

 
$
60

 
$
148

 
 
 
 
 
 
 
 
 
 
 
 
 
The weighted average assumptions used to determine net periodic benefit cost are as follows:
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
3.51
%
 
3.80
%
 
3.64
%
 
4.03
%
 
3.47
%
 
4.11
%
Expected Long-Term Return on Plan Assets
 
4.50
%
 
7.43
%
 
7.43
%
 
5.00
%
 
7.72
%
 
7.72
%
Rate of Compensation Increase
 
3.00
%
 
3.69
%
 
3.07
%
 
3.00
%
 
3.44
%
 
3.06
%
 
 
Six Months Ended 
 June 30, 2018
 
Six Months Ended 
 July 1, 2017
(In thousands, except percentages)
 
U.S. Pension
 
Non-U.S. Pension
 
Other Post-Retirement
 
U.S. Pension
 
Non-U.S. Pension
 
Other Post-Retirement
Service Cost
 
$
350

 
$
71

 
$
106

 
$
343

 
$
65

 
$
88

Interest Cost
 
596

 
60

 
86

 
616

 
50

 
84

Expected Return on Plan Assets
 
(644
)
 
(22
)
 
(2
)
 
(663
)
 
(17
)
 

Recognized Net Actuarial Loss
 
270

 
31

 
68

 
221

 
18

 
40

Amortization of Prior Service Cost
 

 
4

 
44

 
26

 
2

 
44

Net Periodic Benefit Cost
 
$
572

 
$
144

 
$
302

 
$
543

 
$
118

 
$
256

 
 
 
 
 
 
 
 
 
 
 
 
 
The weighted average assumptions used to determine net periodic benefit cost are as follows:
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
Discount Rate
 
3.51
%
 
3.80
%
 
3.64
%
 
4.03
%
 
3.43
%
 
4.12
%
Expected Long-Term Return on Plan Assets
 
4.50
%
 
7.43
%
 
7.43
%
 
5.00
%
 
7.72
%
 
7.72
%
Rate of Compensation Increase
 
3.00
%
 
3.69
%
 
3.07
%
 
3.00
%
 
3.42
%
 
3.07
%