Retirement Plans

3 Months Ended

Apr. 02, 2016

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 April 2, 2016 and April 4, 2015 is as follows (in thousands):

		Three Months Ended
		April 2, 2016						April 4, 2015
		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		$	94	$	116	$	1,218	$	-	$	262	$	1,337
Interest cost			1,745		135		421		1,513		118		402
Expected return on plan
	assets		(2,417)		(130)		(399)		(2,318)		(122)		(410)
Net amortization:
	Prior service (credit) cost		-		-		(45)		-		-		14
	Net actuarial loss		667		-		188		679		-		273
Net periodic pension
	cost (benefit)	$	89	$	121	$	1,383	$	(126)	$	258	$	1,616

During fiscal year 2016, the Company expects to contribute a total of approximately $5 million to $10 million to the Company's defined benefit plans.