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Employee Benefit Plans (Tables)
9 Months Ended
Oct. 03, 2015
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost and Assumptions Used
The components of the net periodic benefit cost for the pension benefits and other benefits plans are as follows:
 
 
Three Months Ended 
 October 3, 2015
 
Three Months Ended 
 September 27, 2014
(In thousands)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
 
 
 
 
 
 
 
 
 
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
211

 
$
55

 
$
213

 
$
73

Interest cost
 
307

 
62

 
321

 
74

Expected return on plan assets
 
(356
)
 
(10
)
 
(370
)
 
(12
)
Recognized net actuarial loss
 
127

 
17

 
79

 
9

Amortization of prior service cost
 
15

 
22

 
14

 
22

Net periodic benefit cost
 
$
304

 
$
146

 
$
257

 
$
166

 
 
 
 
 
 
 
 
 
The weighted average assumptions used to determine net periodic benefit cost are as follows:
 
 

 
 
 
 
 
 
 
 
 
Discount rate
 
3.87
%
 
3.72
%
 
4.79
%
 
4.28
%
Expected long-term return on plan assets
 
5.25
%
 

 
5.75
%
 

Rate of compensation increase
 
3.00
%
 
2.98
%
 
3.50
%
 
3.23
%

 
 
Nine Months Ended 
 October 3, 2015
 
Nine Months Ended 
 September 27, 2014
(In thousands)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
 
 
 
 
 
 
 
 
 
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
633

 
$
167

 
$
639

 
$
223

Interest cost
 
921

 
190

 
963

 
220

Expected return on plan assets
 
(1,068
)
 
(31
)
 
(1,110
)
 
(36
)
Recognized net actuarial loss
 
381

 
52

 
237

 
27

Amortization of prior service cost
 
42

 
68

 
42

 
67

Net periodic benefit cost
 
$
909

 
$
446

 
$
771

 
$
501

 
 
 
 
 
 
 
 
 
The weighted average assumptions used to determine net periodic benefit cost are as follows:
 
 

 
 
 
 
 
 
 
 
 
Discount rate
 
3.87
%
 
3.74
%
 
4.79
%
 
4.28
%
Expected long-term return on plan assets
 
5.25
%
 

 
5.75
%
 

Rate of compensation increase
 
3.00
%
 
2.99
%
 
3.50
%
 
3.23
%