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Pension and Postretirement Benefits | 6 Months Ended
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Jun. 30, 2019
Retirement Benefits [Abstract] |
Pension and Postretirement Benefits | Pension and Postretirement Benefits In February 2018, the Compensation Committee of the Company’s Board of Directors approved a resolution to terminate the Company’s U.S. defined benefit pension plan (“U.S. Pension Plan”). During the first quarter of 2018 the Company commenced the U.S. Pension Plan termination process and received regulatory approval during the fourth quarter of 2018. During the second quarter of 2019, the Company settled all remaining benefits directly with vested participants electing a lump sum payout, and purchased a group annuity contract from Massachusetts Mutual Life Insurance Company to administer all future payments to remaining U.S. Pension Plan participants. The U.S. Pension Plan's net funded asset position was sufficient to cover the lump sum payments and the purchase of the group annuity contract and settle all other remaining benefit obligations with no additional cost to the Company. After the settlement of the benefit obligations and payment of expenses, the Company had excess assets in the U.S. Pension Plan of approximately $19,000. The Company elected to utilize the remaining surplus after payment of administrative expenses for the Company's future matching contributions under the Company's 401(k) plan. Upon settlement of the pension liability, which occurred in May, 2019, the Company recognized a non-operating settlement charge of $110,777 related to pension losses, reclassified from accumulated other comprehensive loss to other (income) expense in the Company's consolidated statements of operations, adjusted for market conditions and settlement costs at benefit distribution. As of June 30, 2019, the Company had unrecognized losses related to its remaining pension and postretirement plans of $32,394. The components of the net periodic cost of the Company's terminated defined benefit pension plan, remaining defined benefit pension plan and other postretirement plans for the quarters and six months ended June 30, 2019 and July 1, 2018 are as follows:
| Quarter Ended
| Pension |  | Postretirement
| June 30, 2019 |  | July 1, 2018 |  | June 30, 2019 |  | July 1, 2018
Service cost | $ | 808 |  |  | 667 |  |  | 178 |  |  | 189 |
Interest cost | 4,913 |  |  | 3,980 |  |  | 316 |  |  | 293 |
Expected return on assets | (5,128 | ) |  | (5,174 | ) |  | — |  |  | — |
Settlement | 110,777 |  |  | — |  |  | — |  |  | — |
Net amortization and deferrals | 5,610 |  |  | 2,965 |  |  | 5 |  |  | 43 |
Net periodic benefit cost | $ | 116,980 |  |  | 2,438 |  |  | 499 |  |  | 525 |
| Six Months Ended
| Pension |  | Postretirement
| June 30, 2019 |  | July 1, 2018 |  | June 30, 2019 |  | July 1, 2018
Service cost | 1,845 |  |  | 1,352 |  |  | 356 |  |  | 377 |
Interest cost | 7,118 |  |  | 7,996 |  |  | 632 |  |  | 585 |
Expected return on assets | (7,166 | ) |  | (10,379 | ) |  | — |  |  | — |
Settlement | 110,777 |  |  | — |  |  | — |  |  | — |
Net amortization and deferrals | 7,308 |  |  | 5,942 |  |  | 10 |  |  | 85 |
Net periodic benefit cost | 119,882 |  |  | 4,911 |  |  | 998 |  |  | 1,047 |
During the six months ended June 30, 2019, the Company made cash contributions of $520 to its remaining defined benefit pension plans. During fiscal 2019, the Company expects to make cash contributions to its remaining defined benefit pension plans of approximately $1,600 in the aggregate.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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