XML 35 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Retirement Plans
3 Months Ended
Apr. 03, 2021
Retirement Benefits [Abstract]  
Retirement Plans
11 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 months ended April 3, 2021 and March 28, 2020 is as follows (in thousands):
 
    
Three Months Ended
 
    
April 3, 2021
    
March 28, 2020
 
    
U.S. Retiree
    
Non-U.S.
    
U.S. Retiree
    
Non-U.S.
 
    
Healthcare
    
Pension
    
Healthcare
    
Pension
 
    
Plan
    
Plans
    
Plan
    
Plans
 
Service cost
   $ 233      $ 1,160      $ 151      $ 1,099  
Interest cost
     139        315        176        345  
Expected return on plan assets
     (255      (466      (219      (456
Net amortization:
                                   
Prior service credit
     (5      (41      (5      (40
Net actuarial loss
            262        —          385  
    
 
 
    
 
 
    
 
 
    
 
 
 
Net periodic pension cost
   $ 112      $ 1,230      $ 103      $ 1,333  
    
 
 
    
 
 
    
 
 
    
 
 
 
During fiscal year 2021, the Company expects to contribute a total of approximately $3 million to $6 million to the Company’s defined benefit plans.