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Note 8 - Benefit Plans (Tables) | 12 Months Ended
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Dec. 30, 2017
Notes Tables |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] |
(in thousands ) |  | 2017 |  |  | 2016 |
Change in benefit obligation: |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 55,606 |  |  | $ | 50,282 |
Service cost |  |  | 2,037 |  |  |  | 1,509 |
Interest cost |  |  | 1,887 |  |  |  | 1,662 |
Net actuarial loss (gain) |  |  | (433 | ) |  |  | 10,190 |
Benefits paid from the trust |  |  | (1,405 | ) |  |  | (2,329 | )
Benefits paid directly by the Company |  |  | (1,098 | ) |  |  | 250 |
Curtailments and settlements |  |  | (31 | ) |  |  | (427 | )
Acquisitions |  |  | — |  |  |  | 2,023 |
Effect of exchange rate movements |  |  | 5,477 |  |  |  | (7,554 | )
Other |  |  | 5,228 |  |  |  | — |
Benefit obligation at end of year |  | $ | 67,268 |  |  | $ | 55,606 |
Change in plan assets at fair value: |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 42,208 |  |  | $ | 44,629 |
Actual return on plan assets |  |  | 2,962 |  |  |  | 6,929 |
Employer contributions |  |  | 264 |  |  |  | (126 | )
Benefits paid |  |  | (1,405 | ) |  |  | (2,329 | )
Acquisitions |  |  | — |  |  |  | 24 |
Effect of exchange rate movements |  |  | 4,094 |  |  |  | (6,919 | )
Fair value of plan assets at end of year |  |  | 48,123 |  |  |  | 42,208 |
Net amount recognized/(unfunded status) |  | $ | (19,145 | ) |  | $ | (13,398 | )
(in thousands ) |  | 2017 |  |  | 2016 |
Amounts recognized in the Consolidated Balance Sheet s consist of: |  |  |  |  |  |  |  |
Noncurrent assets |  | $ | 78 |  |  | $ | — |
Current benefit liability |  |  | (481 | ) |  |  | — |
Noncurrent benefit liability |  |  | (18,742 | ) |  |  | (13,398 | )
Net liability recognized |  | $ | (19,145 | ) |  | $ | (13,398 | )
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] |
(in thousands ) |  | 2017 |  |  | 2016 |
Net actuarial loss |  | $ | 12,261 |  |  | $ | 13,107 |
Prior service (cost) |  |  | — |  |  |  | — |
Net amount recognized , pre-tax |  | $ | 12,261 |  |  | $ | 13,107 |
Schedule of Net Benefit Costs [Table Text Block] |
|  |  |  |  |  |  |  |  |  | 2015 |
(in thousands ) |  | 2017 |  |  | 2016 |  |  | U.S. |  |  | Foreign |  |  | Total |
Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 2,037 |  |  | $ | 1,509 |  |  | $ | 750 |  |  | $ | 824 |  |  | $ | 1,574 |
Interest cost |  |  | 1,887 |  |  |  | 1,662 |  |  |  | 3,093 |  |  |  | 1,735 |  |  |  | 4,828 |
Expected return on plan assets |  |  | (1,990 | ) |  |  | (1,935 | ) |  |  | (2,749 | ) |  |  | (2,346 | ) |  |  | (5,095 | )
Amortization of losses |  |  | 337 |  |  |  | 306 |  |  |  | 870 |  |  |  | 221 |  |  |  | 1,091 |
Net periodic benefit cost |  |  | 2,271 |  |  |  | 1,542 |  |  |  | 1,964 |  |  |  | 434 |  |  |  | 2,398 |
Curtailment/Settlement loss (gain) |  |  | (25 | ) |  |  | (36 | ) |  |  | 29,928 |  |  |  | — |  |  |  | 29,928 |
Total expense (income) for the year |  | $ | 2,246 |  |  | $ | 1,506 |  |  | $ | 31,892 |  |  | $ | 434 |  |  | $ | 32,326 |
Schedule of Assumptions Used [Table Text Block] |
|  |  |  |  |  |  |  |  |  | 2015 |
|  | 2017 |  |  | 2016 |  |  | U.S. |  |  | Foreign |
Discount rate |  |  | 3.0 | % |  |  | 3.7 | % |  |  | 3.9 | % |  |  | 3.7 | %
Expected return on plan assets |  |  | 4.5 | % |  |  | 4.9 | % |  |  | 6.8 | % |  |  | 5.1 | %
Compensation increase rate |  |  | 4.5 | % |  |  | 5.3 | % |  |  | — |  |  |  | 5.3 | %
Measurement dates |  | 12/31/16 |  |  | 1/2/16 |  |  | 12/27/14 |  |  | 12/27/14 |
|  | 2017 |  |  | 201 6 |  |  | 201 5 |
Discount rate |  |  | 3.1 | % |  |  | 2.6 | % |  |  | 3.8 | %
Compensation increase rate |  |  | 5.0 | % |  |  | 4.5 | % |  |  | 6.2 | %
Measurement dates |  | 12/ 30/17 |  |  | 12/31/16 |  |  | 1/ 2/16 |
Schedule of Net Funded Status [Table Text Block] |
(in thousands ) |  | 2017 |  |  | 2016 |
Projected benefit obligation |  | $ | 28,515 |  |  | $ | 48,985 |
Fair value of plan assets |  |  | 9,292 |  |  |  | 42,179 |
(in thousands ) |  | 2017 |  |  | 2016 |
Accumulated benefit obligation |  | $ | 18,990 |  |  | $ | 51,306 |
Fair value of plan assets |  |  | 6,003 |  |  |  | 38,912 |
Schedule of Expected Benefit Payments [Table Text Block] |
(in thousands ) |  | Expected Benefit Payments |
201 8 |  | $ | 2,467 |
201 9 |  |  | 2,474 |
20 20 |  |  | 2,473 |
202 1 |  |  | 2,802 |
202 2 |  |  | 2,776 |
2023-2027 |  |  | 16,777 |
Schedule of Allocation of Plan Assets [Table Text Block] |
|  | Asset Allocation |
|  | 2017 |  |  | 201 6 |
Equity securities |  |  | 35 | % |  |  | 32 | %
Debt securities |  |  | 64 | % |  |  | 65 | %
Cash and equivalents |  |  | 1 | % |  |  | 3 | %
|  |  | 100 | % |  |  | 100 | %
Pension Plan Assets Measured at Fair Value [Table Text Block] |
|  | Fair Value Measurements Usin g |  |  |  |  |  |  |  |  |
(in thousands ) |  | Level 1 |  |  | Level 2 |  |  | L evel 3 |  |  | NAV |  |  | Total |
Equities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global Equity 50:50 Index Fund |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7,898 |  |  | $ | 7,898 |
Global Equity 50:50 GBP Hedged Fund |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,134 |  |  |  | 8,134 |
Philippine Stock |  |  | 1,031 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,031 |
Fix ed income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment Grade Corporate Bond Funds |  |  | 6,003 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,003 |
Over 15y Gilts Index Fund |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,684 |  |  |  | 3,684 |
Active Corp Bond – Over 10 Yr Fund |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,835 |  |  |  | 6,835 |
Over 5y Index-Linked Gilts Fund |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,049 |  |  |  | 12,049 |
Philippine Long Gov ernment Securities |  |  | 1,362 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,362 |
Philippine Long Corporate Bonds |  |  | 723 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 723 |
Cash and equivalents |  |  | 173 |  |  |  | — |  |  |  | — |  |  |  | 231 |  |  |  | 404 |
Total pension plan assets |  | $ | 9,292 |  |  | $ | — |  |  | $ | — |  |  | $ | 38,831 |  |  | $ | 48,123 |
|  | Fair Value Measurements Using |  |  |  |  |  |  |  |  |
(in thousands ) |  | Level 1 |  |  | Level 2 |  |  | L evel 3 |  |  | NAV |  |  | Total |
Equities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global Equity 50:50 Index Fund |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6,321 |  |  | $ | 6,321 |
Global Equity 50:50 GBP Hedged Fund |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,406 |  |  |  | 6,406 |
Philippine Stock |  |  | 906 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 906 |
Fixed income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment Grade Corporate Bond Funds |  |  | 5,372 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,372 |
Over 15y Gilts Index Fund |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,265 |  |  |  | 3,265 |
Active Corp Bond – Over 10 Yr Fund |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,902 |  |  |  | 5,902 |
Over 5y Index-Linked Gilts Fund |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,724 |  |  |  | 10,724 |
Philippine Long Gov ernment Securities |  |  | 1,133 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,133 |
Philippine Long Corporate Bonds |  |  | 751 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 751 |
Cash and equivalents |  |  | 476 |  |  |  | — |  |  |  | — |  |  |  | 952 |  |  |  | 1,428 |
Total pension plan assets |  | $ | 8,638 |  |  | $ | — |  |  | $ | — |  |  | $ | 33,570 |  |  | $ | 42,208 |

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