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Employee Benefit Plans (Tables)
6 Months Ended
Jul. 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 
 July 2, 2016
 
Three Months Ended 
 July 4, 2015
(In thousands, except percentages)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
181

 
$
60

 
$
211

 
$
55

Interest cost
 
318

 
64

 
307

 
63

Expected return on plan assets
 
(322
)
 
(7
)
 
(356
)
 
(10
)
Recognized net actuarial loss
 
124

 
22

 
127

 
18

Amortization of prior service cost
 
14

 
23

 
14

 
24

Net Periodic Benefit Cost
 
$
315

 
$
162

 
$
303

 
$
150

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

 
 
 
 
 
 
 
 
 
Discount Rate
 
4.22
%
 
4.09
%
 
3.87
%
 
3.75
%
Expected Long-Term Return on Plan Assets
 
5.00
%
 

 
5.25
%
 

Rate of Compensation Increase
 
3.00
%
 
3.01
%
 
3.00
%
 
2.99
%
 
 
Six Months Ended 
 July 2, 2016
 
Six Months Ended 
 July 4, 2015
(In thousands, except percentages)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
362

 
$
118

 
$
422

 
$
112

Interest cost
 
636

 
128

 
614

 
128

Expected return on plan assets
 
(644
)
 
(14
)
 
(712
)
 
(21
)
Recognized net actuarial loss
 
248

 
44

 
254

 
35

Amortization of prior service cost
 
28

 
47

 
28

 
46

Settlement loss
 

 
114

 

 

Net Periodic Benefit Cost
 
$
630

 
$
437

 
$
606

 
$
300

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

 
 
 
 
 
 
 
 
 
Discount Rate
 
4.22
%
 
4.08
%
 
3.87
%
 
3.75
%
Expected Long-Term Return on Plan Assets
 
5.00
%
 

 
5.25
%
 

Rate of Compensation Increase
 
3.00
%
 
3.01
%
 
3.00
%
 
2.99
%