Retirement Plans

3 Months Ended

Mar. 29, 2014

10 Retirement Plans

The Company sponsors various retirement plans. The summary of the components of net periodic pension costs for the plans for the three months ended March 29, 2014 and March 30, 2013 is as follows (in thousands):

		Three Months Ended
		March 29, 2014						March 30, 2013
		U.S.		U.S. Retiree		Non-U.S.		U.S.		U.S. Retiree		Non-U.S.
		Pension		Healthcare		Pension		Pension		Healthcare		Pension
		Plans		Plan		Plans		Plans		Plan		Plans
Service cost		$	-	$	199	$	1,212	$	-	$	238	$	1,152
Interest cost			1,595		118		592		1,419		85		499
Expected return on plan
	assets		(2,308)		(107)		(392)		(2,038)		(88)		(228)
Net amortization:
	Prior service credit		-		(13)		(47)		-		(13)		(62)
	Net actuarial loss (gain)		485		(4)		97		881		-		131
Net periodic pension
	(benefit) cost	$	(228)	$	193	$	1,462	$	262	$	222	$	1,492

During the three months ended March 29, 2014, the Company contributed $1 million to the Company's U.S. pension plans. During fiscal year 2014, the Company expects to contribute a total of approximately $8 million to $10 million to the Company's defined benefit plans.