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PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS

3 Months Ended

Mar. 30, 2019

Retirement Benefits [Abstract]

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS

PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS

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 30, 2019				March 31, 2018
	(in thousands)
Service cost	$	630			$	846
Interest cost	2,875				2,833
Expected return on plan assets	(3,235		)		(3,877		)
Amortization of prior service cost (credit)	91				(181		)
Amortization of net loss	489				645
Net periodic cost	$	850			$	266

Service cost is recorded as an operating expense within the accompanying unaudited condensed consolidated statements of income. All other components of net periodic costs are recorded in Other income, net in the accompanying unaudited condensed consolidated statements of income. The net periodic cost for the Company’s other post-retirement benefit plan for the three months ended March 30, 2019 and March 31, 2018 was not significant.

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- References

No definition available.

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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

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