Note 10 - Benefit Plans

3 Months Ended

Apr. 02, 2016

Pension and Other Postretirement Benefits Disclosure [Text Block]

10. Pensions

The components of net periodic benefit cost for the three months ended April 2, 2016, compared with the three months ended March 28, 2015, were (in thousands):

	U.S. Plans					Foreign Plans
	Three Months Ended					Three Months Ended
	April 2, 2016*		March 28, 2015			April 2, 2016			March 28 2015
Service cost	$	—	$	250		$	332		$	315
Interest cost		—		1,031			497			513
Expected return on plan assets		—		(916	)		(520	)		(600	)
Amortization of net loss		—		290			73			61
Total cost of the plan				655						289
Expected plan participants’ contribution		—		—			—			—
Net periodic benefit cost	$	—	$	655		$	382		$	289

* The U.S. pension plan was terminated effective July 30, 2014 and, following receipt of a favorable Letter of Determination from the IRS (dated April14, 2015), all liabilities of the plan were settled during the third quarter of fiscal 2015.

The expected rate of return assumption on domestic pension assets was 3.90% in 2015. The expected return on foreign pension assets is 4.95% and 5.39% in 2016 and 2015, respectively.