XML 30 R19.htm IDEA: XBRL DOCUMENT v3.20.2
Retirement Plans
 9 Months Ended
Sep. 26, 2020
Retirement Benefits [Abstract]  
Retirement Plans
12 Retirement Plans
The Company sponsors various retirement plans. The components of net periodic benefit cost other than the service cost component are included in other expense in the consolidated statements of operations. The summary of the components of net periodic pension costs for the plans for the three and nine months ended September 26, 2020 and September 28, 2019 is as follows (in thousands):
 
    
Three Months Ended
  
    
September 26, 2020
    
September 28, 2019
  
    
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
  
$
—  
 
  
$
197
 
 
$
1,140
 
 
$
—  
 
  
$
124
 
 
$
1,081
 
Interest cost
  
 
—  
 
  
 
180
 
 
 
353
 
 
 
—  
 
  
 
194
 
 
 
426
 
Expected return on plan assets
  
 
—  
 
  
 
(214
) 
 
 
(476
) 
 
 
—  
 
  
 
(177
) 
 
 
(535
) 
Net amortization:
               
Prior service credit
  
 
—  
 
  
 
(4
) 
 
 
(41
) 
 
 
—  
 
  
 
(5
) 
 
 
(38
) 
Net actuarial loss
  
 
—  
 
  
 
—  
 
 
 
397
 
 
 
—  
 
  
 
—  
 
 
 
132
 
Net periodic pension cost
  
$
—  
 
  
$
159
 
 
$
1,373
 
 
$
—  
 
  
$
136
 
 
$
1,066
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 

    
Nine Months Ended
  
    
September 26, 2020
    
September 28, 2019
  
    
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
  
$
—  
 
  
$
499
 
 
$
3,334
 
 
$
—  
 
  
$
374
 
 
$
3,238
 
Interest cost
  
 
—  
 
  
 
533
 
 
 
1,036
 
 
 
23
 
  
 
583
 
 
 
1,291
 
Expected return on plan assets
  
 
—  
 
  
 
(653
) 
 
 
(1,386
) 
 
 
—  
 
  
 
(531
) 
 
 
(1,616
) 
Net amortization:
               
Prior service credit
  
 
—  
 
  
 
(14
) 
 
 
(122
) 
 
 
—  
 
  
 
(15
) 
 
 
(113
) 
Net actuarial loss
  
 
—  
 
  
 
—  
 
 
 
1,164
 
 
 
—  
 
  
 
—  
 
 
 
399
 
Net periodic pension cost
  
$
—  
 
  
$
365
 
 
$
4,026
 
 
$
23
 
  
$
411
 
 
$
3,199
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
In 2019, the Company completed the termination of the Waters Retirement Restoration Plan.
During fiscal year 2020, the Company expects to contribute a total of approximately $3 million to $6 million to the Company’s defined benefit plans.