BENEFIT PLANS

The Company is required to provide its employees located in Switzerland, Mexico, France, and Germany certain statutorily mandated defined benefits. Under these plans, benefits accrue to employees based upon years of service, position, age and compensation. The defined benefit pension plan provided to the Company’s employees located in Switzerland is a funded contributory plan, while the plans that provide benefits to the Company’s employees located in Mexico, France, and Germany are unfunded and noncontributory. The liability and corresponding expense related to these benefit plans is based on actuarial computations of current and future benefits for employees.

The change in net defined benefit plan liability is as follows (in thousands):



At January 1, 2016	$	7,121
Net defined benefit cost	390
Benefit payments	(70		)
Foreign currency translation	116
At July 1, 2016	$	7,557

Net defined benefit cost is comprised of the following (in thousands):



	Three Months Ended						Six Months Ended
	July 1, 2016			July 3, 2015			July 1, 2016			July 3, 2015
Service cost	$	110		$	78		$	218		$	157
Interest cost	45			15			88			30
Amortization of net loss	47			12			93			26
Expected return on plan assets	(4		)	(3		)	(9		)	(6		)
Net defined benefit cost	$	198		$	102		$	390		$	207