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Disclosures About Defined Pension Benefit Obligations
3 Months Ended
Dec. 30, 2016
Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]  
Disclosures About Defined Pension Benefit Obligations

Disclosures About Defined Pension Benefit Obligations

The following table presents the components of net periodic benefit cost recognized in earnings during each of the three months ended December 30, 2016 and January 1, 2016 (in thousands):

 

 

 

For the Three Months Ended

 

 

 

December 30,

2016

 

 

January 1,

2016

 

Component:

 

 

 

 

 

 

 

 

Service cost

 

$

2,216

 

 

$

8,676

 

Interest cost

 

 

8,728

 

 

 

15,702

 

Expected return on plan assets

 

 

(15,588

)

 

 

(19,507

)

Amortization of previously unrecognized items

 

 

3,556

 

 

 

5,733

 

Settlement (gain) loss

 

 

43

 

 

 

(163

)

Net periodic benefit cost

 

$

(1,045

)

 

$

10,441

 

 

The decrease in periodic benefit costs for the three months ended December 30, 2016 as compared to the corresponding period last year was primarily due to the curtailment of our U.K. plans and the de-recognition of the U.S. pension plan for participating employees of which are assigned to, and worked exclusively on, a specific operating contract with the U.S. federal government.  While these costs were fully reimbursed by the U.S. federal government pursuant to applicable cost accounting standards, net periodic pension costs of $3.4 million are included in our net periodic benefit costs table for the period ended January 1, 2016.

The following table presents certain information regarding the Company’s cash contributions to our pension plans for fiscal 2017 (in thousands):

 

Cash contributions made during the first three months of

   fiscal 2017

 

$

4,256

 

Cash contributions we expect to make during the remainder

   of fiscal 2017

 

 

13,954

 

Total

 

$

18,210