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Employee Benefit Plans (Tables)
9 Months Ended
Oct. 01, 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 
 October 1, 2016
 
Three Months Ended 
 October 3, 2015
(In thousands, except percentages)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
181

 
$
58

 
$
211

 
$
55

Interest cost
 
318

 
64

 
307

 
62

Expected return on plan assets
 
(322
)
 
(6
)
 
(356
)
 
(10
)
Recognized net actuarial loss
 
124

 
21

 
127

 
17

Amortization of prior service cost
 
14

 
24

 
15

 
22

Net Periodic Benefit Cost
 
$
315

 
$
161

 
$
304

 
$
146

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

 
 
 
 
 
 
 
 
 
Discount Rate
 
4.22
%
 
4.09
%
 
3.87
%
 
3.72
%
Expected Long-Term Return on Plan Assets
 
5.00
%
 

 
5.25
%
 

Rate of Compensation Increase
 
3.00
%
 
3.01
%
 
3.00
%
 
2.98
%
 
 
Nine Months Ended 
 October 1, 2016
 
Nine Months Ended 
 October 3, 2015
(In thousands, except percentages)
 
Pension
Benefits
 
Other
Benefits
 
Pension
Benefits
 
Other
Benefits
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
Service cost
 
$
543

 
$
176

 
$
633

 
$
167

Interest cost
 
954

 
192

 
921

 
190

Expected return on plan assets
 
(966
)
 
(20
)
 
(1,068
)
 
(31
)
Recognized net actuarial loss
 
372

 
65

 
381

 
52

Amortization of prior service cost
 
42

 
71

 
42

 
68

Settlement loss
 

 
114

 

 

Net Periodic Benefit Cost
 
$
945

 
$
598

 
$
909

 
$
446

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

 
 
 
 
 
 
 
 
 
Discount Rate
 
4.22
%
 
4.08
%
 
3.87
%
 
3.74
%
Expected Long-Term Return on Plan Assets
 
5.00
%
 

 
5.25
%
 

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