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Retirement Plans
3 Months Ended
Mar. 31, 2018
Retirement Benefits [Abstract]  
Retirement Plans
11 Retirement Plans

The Company sponsors various retirement plans. The Company adopted new accounting guidance which requires that an employer disaggregate the service cost component from other components of net benefit cost. As a result of the adoption of this standard, the components of net periodic benefit cost other than the service cost component are included in other income in the consolidated statements of operations and all previous periods have been adjusted accordingly. The summary of the components of net periodic pension costs for the plans for the three months ended March 31, 2018 and April 1, 2017 is as follows (in thousands):

 

     Three Months Ended  
     March 31, 2018     April 1, 2017  
     U.S.
Pension
Plans
    U.S. Retiree
Healthcare
Plan
    Non-U.S.
Pension
Plans
    U.S.
Pension
Plans
    U.S. Retiree
Healthcare
Plan
    Non-U.S.
Pension
Plans
 

Service cost

   $ 142     $ 132     $ 1,374     $ 101     $ 103     $ 1,251  

Interest cost

     1,619       156       428       1,719       150       358  

Expected return on plan assets

     (2,785     (178     (493     (2,663     (147     (402

Net amortization:

            

Prior service credit

     —         (8     (31     —         —         (46

Net actuarial loss

     769       —         177       651       —         231  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic pension (benefit) cost

   $ (255   $ 102     $ 1,455     $ (192   $ 106     $ 1,392  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

During fiscal year 2018, the Company expects to contribute a total of approximately $4 million to $10 million to the Company’s defined benefit plans.