Pension and Other Post-Retirement Benefit Plans

3 Months Ended

Mar. 31, 2018

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS

The Company retrospectively adopted ASU 2017-07 during the three months ended March 31, 2018. Service cost is reflected in Cost of services provided (excluding amortization of intangible assets) and Selling, general and administrative within the unaudited condensed consolidated statements of income. All other components of net periodic cost is recorded in Other income, net within the unaudited condensed consolidated statements of income. See Note 1, “Basis of Presentation.” The following table provides the components of net periodic cost for the Company’s pension, deferred compensation and executive supplemental life insurance retirement plans:



	Three Months Ended
	March 31, 2018			April 1, 2017
	(in thousands)
Service cost	$	846		$	754
Interest cost	2,833			2,826
Expected return on plan assets	(3,877		)	(3,450		)
Amortization of prior service credit	(181		)	(119		)
Amortization of net loss	645			966
Net periodic cost	$	266		$	977

The net periodic cost for the Company’s other post-retirement benefit plan for the three months ended March 31, 2018 and April 1, 2017 was not significant.