Benefit Plans

The Company has company-sponsored defined benefit pension plans covering employees in the U.K., Germany, the Philippines, China, Japan, Mexico, Italy and France. The amount of the retirement benefits provided under the plans is based on years of service and final average pay.

The Company recognizes interest cost, expected return on plan assets, and amortization of prior service, net within Other expense (income), net in the Condensed Consolidated Statements of Net Income. The components of net periodic benefit cost for the three months ended March 30, 2019 and March 31, 2018 were as follows:



	For the Three Months Ended
(in thousands)	March 30, 2019			March 31, 2018
Components of net periodic benefit cost:
Service cost	$	500		$	533
Interest cost	784			501
Expected return on plan assets	(790		)	(540		)
Amortization of prior service	62			74
Net periodic benefit cost	$	556		$	568

The Company expects to make approximately $2.3 million of cash contributions to its pension plans in 2019.