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Retirement Benefit Plans | 6 Months Ended
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Jun. 30, 2018
Retirement Benefits [Abstract] |
Retirement Benefit Plans | Retirement Benefit Plans Effective at the beginning of fiscal 2018, the Company retrospectively adopted ASU No. 2017-07. See Recently Adopted Accounting Pronouncements in Note 1 for further discussion. As a result, only the service cost component of net periodic benefit cost is included in operating income. All other components are included in other expense, net in the accompanying condensed consolidated statement of income. The components of net periodic benefit cost are as follows:
|  | Three Months Ended June 30, 2018 |  | Three Months Ended July 1, 2017
(In thousands, except percentages) |  | U.S. Pension |  | Non-U.S. Pension |  | Other Post-Retirement |  | U.S. Pension |  | Non-U.S. Pension |  | Other Post-Retirement
Service Cost |  | $ | 175 |  |  | $ | 35 |  |  | $ | 53 |  |  | $ | 147 |  |  | $ | 33 |  |  | $ | 53 |
Interest Cost |  | 298 |  |  | 30 |  |  | 43 |  |  | 302 |  |  | 26 |  |  | 45 |
Expected Return on Plan Assets |  | (322 | ) |  | (11 | ) |  | (1 | ) |  | (328 | ) |  | (9 | ) |  | — |
Recognized Net Actuarial Loss |  | 135 |  |  | 15 |  |  | 34 |  |  | 108 |  |  | 9 |  |  | 27 |
Amortization of Prior Service Cost |  | — |  |  | 2 |  |  | 22 |  |  | 13 |  |  | 1 |  |  | 23 |
|  | $ | 286 |  |  | $ | 71 |  |  | $ | 151 |  |  | $ | 242 |  |  | $ | 60 |  |  | $ | 148 |
The weighted average assumptions used to determine net periodic benefit cost are as follows: |  |  |  |  |
Discount Rate |  | 3.51 | % |  | 3.80 | % |  | 3.64 | % |  | 4.03 | % |  | 3.47 | % |  | 4.11 | %
Expected Long-Term Return on Plan Assets |  | 4.50 | % |  | 7.43 | % |  | 7.43 | % |  | 5.00 | % |  | 7.72 | % |  | 7.72 | %
Rate of Compensation Increase |  | 3.00 | % |  | 3.69 | % |  | 3.07 | % |  | 3.00 | % |  | 3.44 | % |  | 3.06 | %
|  | Six Months Ended June 30, 2018 |  | Six Months Ended July 1, 2017
(In thousands, except percentages) |  | U.S. Pension |  | Non-U.S. Pension |  | Other Post-Retirement |  | U.S. Pension |  | Non-U.S. Pension |  | Other Post-Retirement
Service Cost |  | $ | 350 |  |  | $ | 71 |  |  | $ | 106 |  |  | $ | 343 |  |  | $ | 65 |  |  | $ | 88 |
Interest Cost |  | 596 |  |  | 60 |  |  | 86 |  |  | 616 |  |  | 50 |  |  | 84 |
Expected Return on Plan Assets |  | (644 | ) |  | (22 | ) |  | (2 | ) |  | (663 | ) |  | (17 | ) |  | — |
Recognized Net Actuarial Loss |  | 270 |  |  | 31 |  |  | 68 |  |  | 221 |  |  | 18 |  |  | 40 |
Amortization of Prior Service Cost |  | — |  |  | 4 |  |  | 44 |  |  | 26 |  |  | 2 |  |  | 44 |
Net Periodic Benefit Cost |  | $ | 572 |  |  | $ | 144 |  |  | $ | 302 |  |  | $ | 543 |  |  | $ | 118 |  |  | $ | 256 |
The weighted average assumptions used to determine net periodic benefit cost are as follows: |  |  |  |  |
Discount Rate |  | 3.51 | % |  | 3.80 | % |  | 3.64 | % |  | 4.03 | % |  | 3.43 | % |  | 4.12 | %
Expected Long-Term Return on Plan Assets |  | 4.50 | % |  | 7.43 | % |  | 7.43 | % |  | 5.00 | % |  | 7.72 | % |  | 7.72 | %
Rate of Compensation Increase |  | 3.00 | % |  | 3.69 | % |  | 3.07 | % |  | 3.00 | % |  | 3.42 | % |  | 3.07 | %

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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