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Retirement Plans (Tables)
9 Months Ended
Sep. 28, 2014
Postretirement Benefit Plans
 
Net Periodic Pension and Postretirement Cost (Benefit)

For the three and nine months ended September 28, 2014 and September 29, 2013, Teradyne’s net periodic pension cost was comprised of the following:

 

     For the Three Months
Ended
    For the Nine Months
Ended
 
     September 28,
2014
    September 29,
2013
    September 28,
2014
    September 29,
2013
 
     (in thousands)  

Service cost

   $ 761      $ 871      $ 2,368      $ 2,557   

Interest cost

     3,650        3,350        11,102        10,001   

Expected return on plan assets

     (3,335     (3,664     (10,060     (10,925

Amortization of unrecognized prior service cost

     34        41        101        123   

Actuarial loss (gain)

     —          —          362        (1,123
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net periodic pension cost

   $ 1,110      $ 598      $ 3,873      $ 633   
  

 

 

   

 

 

   

 

 

   

 

 

 
Defined Benefit Pension Plans
 
Net Periodic Pension and Postretirement Cost (Benefit)

For the three and nine months ended September 28, 2014 and September 29, 2013, Teradyne’s net periodic postretirement benefit was comprised of the following:

 

     For the Three Months
Ended
    For the Nine Months
Ended
 
     September 28,
2014
    September 29,
2013
    September 28,
2014
    September 29,
2013
 
     (in thousands)  

Service cost

   $ 15      $ 19      $ 44      $ 56   

Interest cost

     84        86        252        257   

Amortization of unrecognized prior service benefit

     (150     (150     (449     (449

Actuarial gain

     —          —          (247     (236
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net periodic post-retirement benefit

   $ (51   $ (45   $ (400   $ (372