XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Pension and other postretirement benefits | 9 Months Ended
--- | ---
Sep. 25, 2016
Compensation and Retirement Disclosure [Abstract] |
Pension and other postretirement benefits | Note 12 — Pension and other postretirement benefits The Company has a number of defined benefit pension and postretirement plans covering eligible U.S. and non-U.S. employees. The defined benefit pension plans are noncontributory. The benefits under these plans are based primarily on years of service and employees’ pay near retirement. The Company’s funding policy for U.S. plans is to contribute annually, at a minimum, amounts required by applicable laws and regulations. Obligations under non-U.S. plans are systematically provided for by depositing funds with trustees or by book reserves. As of September 25, 2016, no further benefits are being accrued under the Company’s U.S. defined benefit pension plans and the Company’s other postretirement benefit plans, other than certain postretirement benefit plans covering employees subject to a collective bargaining agreement. The Company and certain of its subsidiaries provide medical, dental and life insurance benefits to pensioners or their survivors. The associated plans are unfunded and approved claims are paid from Company funds. Net pension and other postretirement benefits expense (income) consist of the following:
| Pension Three Months Ended |  | Other Postretirement Benefits Three Months Ended |  | Pension Nine Months Ended |  | Other Postretirement Benefits Nine Months Ended
| September 25, 2016 |  | September 27, 2015 |  | September 25, 2016 |  | September 27, 2015 |  | September 25, 2016 |  | September 27, 2015 |  | September 25, 2016 |  | September 27, 2015
| (Dollars in thousands)
Service cost | $ | 656 |  |  | $ | 470 |  |  | $ | 44 |  |  | $ | 157 |  |  | $ | 1,963 |  |  | $ | 1,410 |  |  | $ | 266 |  |  | $ | 371 |
Interest cost | 3,948 |  |  | 4,492 |  |  | 383 |  |  | 452 |  |  | 11,797 |  |  | 13,463 |  |  | 1,196 |  |  | 1,476 |
Expected return on plan assets | (6,209 | ) |  | (6,606 | ) |  | — |  |  | — |  |  | (18,606 | ) |  | (19,457 | ) |  | — |  |  | — |
Net amortization and deferral | 1,781 |  |  | 1,563 |  |  | 63 |  |  | 8 |  |  | 4,937 |  |  | 4,620 |  |  | 177 |  |  | 162 |
Net benefits expense (income) | $ | 176 |  |  | $ | (81 | ) |  | $ | 490 |  |  | $ | 617 |  |  | $ | 91 |  |  | $ | 36 |  |  | $ | 1,639 |  |  | $ | 2,009 |
The Company’s pension contributions are expected to be approximately $12.4 million during 2016, of which $12.2 million was contributed during the nine months ended September 25, 2016.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49170332&loc=SL14450702-114947 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration