XML 40 R27.htm IDEA: XBRL DOCUMENT v3.4.0.3
Employee Benefit Plans (Tables)
 3 Months Ended
Apr. 02, 2016
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost and Assumptions Used
The components of net periodic benefit cost for the pension benefits and other benefits plans are as follows:
 
 
Three Months Ended 
 April 2, 2016
 
Three Months Ended 
 April 4, 2015
(In thousands)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
181

 
$
58

 
$
211

 
$
57

Interest cost
 
318

 
64

 
307

 
65

Expected return on plan assets
 
(322
)
 
(7
)
 
(356
)
 
(11
)
Recognized net actuarial loss
 
124

 
22

 
127

 
17

Amortization of prior service cost
 
14

 
24

 
14

 
22

Settlement loss
 
—

 
114

 
—

 
—

Net periodic benefit cost
 
$
315

 
$
275

 
$
303

 
$
150

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

 
 
 
 
 
 
 
 
 
Discount rate
 
4.22
%
 
4.07
%
 
3.87
%
 
3.76
%
Expected long-term return on plan assets
 
5.00
%
 
—

 
5.25
%
 
—

Rate of compensation increase
 
3.00
%
 
3.01
%
 
3.00
%
 
2.99
%