Employee Benefit Plans

The Company sponsors a noncontributory defined benefit pension plan for eligible employees at one of its U.S. divisions and its corporate office. Certain of the Company’s non-U.S. subsidiaries also sponsor defined benefit pension plans covering certain employees at those subsidiaries. Funds for the U.S. pension plan and one of the non-U.S. pension plans are contributed to a trustee as necessary to provide for current service and for any unfunded projected benefit obligation over a reasonable period. The remaining non-U.S. pension plans are unfunded as permitted under their plans and applicable laws. Benefits under the Company’s pension plans are based on years of service and employee compensation.

The Company also provides other post-retirement benefits under plans in the United States and at one of its non-U.S. subsidiaries. In addition, the Company provides a restoration plan for certain executive officers which fully supplements benefits lost under the noncontributory defined benefit retirement plan as a consequence of applicable Internal Revenue Service limits and restores benefits for the limitation of years of service under the retirement plan.

The components of net periodic benefit cost for the Company's U.S. and non-U.S. pension plans and other post-retirement benefit plans are as follows:



	Three Months Ended September 30, 2017									Three Months Ended October 1, 2016
(In thousands, except percentages)	U.S. Pension			Non-U.S. Pension			Other Post-Retirement			U.S. Pension			Non-U.S. Pension			Other Post-Retirement
Components of Net Periodic Benefit Cost:
Service cost	$	171		$	35		$	43		$	181		$	25		$	33
Interest cost	307			28			43			318			26			38
Expected return on plan assets	(331		)	(10		)	(1		)	(322		)	(5		)	(1		)
Recognized net actuarial loss	110			10			22			124			9			12
Amortization of prior service cost	14			2			22			14			2			22
Net Periodic Benefit Cost	$	271		$	65		$	129		$	315		$	57		$	104

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

Discount Rate	4.03		%	3.42		%	4.12		%	4.22		%	3.85		%	4.30		%
Expected Long-Term Return on Plan Assets	5.00		%	7.72		%	7.72		%	5.00		%	6.90		%	6.90		%
Rate of Compensation Increase	3.00		%	3.41		%	3.08		%	3.00		%	2.98		%	3.03		%



	Nine Months Ended September 30, 2017									Nine Months Ended October 1, 2016
(In thousands, except percentages)	U.S. Pension			Non-U.S. Pension			Other Post-Retirement			U.S. Pension			Non-U.S. Pension			Other Post-Retirement
Components of Net Periodic Benefit Cost:
Service cost	$	514		$	100		$	131		$	543		$	77		$	99
Interest cost	923			78			127			954			78			114
Expected return on plan assets	(994		)	(27		)	(1		)	(966		)	(19		)	(1		)
Recognized net actuarial loss	331			28			62			372			29			36
Amortization of prior service cost	40			4			66			42			4			67
Settlement loss	—			—			—			—			—			114
Net Periodic Benefit Cost	$	814		$	183		$	385		$	945		$	169		$	429

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

Discount Rate	4.03		%	3.43		%	4.12		%	4.22		%	3.88		%	4.28		%
Expected Long-Term Return on Plan Assets	5.00		%	7.72		%	7.72		%	5.00		%	6.90		%	6.90		%
Rate of Compensation Increase	3.00		%	3.42		%	3.07		%	3.00		%	2.98		%	3.02		%

The Company made cash contributions of $810,000 to its U.S. noncontributory defined benefit pension plan in the first nine months of 2017 and expects to make cash contributions of $270,000 over the remainder of 2017. For the remaining pension and post-retirement benefit plans, no material cash contributions other than to fund current benefit payments are expected in 2017.