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Retirement Benefit Plans | 9 Months Ended
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Sep. 29, 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 September 29, 2018 |  | Three Months Ended September 30, 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 |  |  | $ | 171 |  |  | $ | 35 |  |  | $ | 43 |
Interest Cost |  | 298 |  |  | 30 |  |  | 43 |  |  | 307 |  |  | 28 |  |  | 43 |
Expected Return on Plan Assets |  | (322 | ) |  | (11 | ) |  | (1 | ) |  | (331 | ) |  | (10 | ) |  | (1 | )
Recognized Net Actuarial Loss |  | 135 |  |  | 15 |  |  | 34 |  |  | 110 |  |  | 10 |  |  | 22 |
Amortization of Prior Service Cost |  | — |  |  | 2 |  |  | 22 |  |  | 14 |  |  | 2 |  |  | 22 |
|  | $ | 286 |  |  | $ | 71 |  |  | $ | 151 |  |  | $ | 271 |  |  | $ | 65 |  |  | $ | 129 |
The weighted average assumptions used to determine net periodic benefit cost are as follows: |  |  |  |  |
Discount Rate |  | 3.51 | % |  | 3.86 | % |  | 3.64 | % |  | 4.03 | % |  | 3.42 | % |  | 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 | % |  | 3.72 | % |  | 3.07 | % |  | 3.00 | % |  | 3.41 | % |  | 3.08 | %
|  | Nine Months Ended September 29, 2018 |  | Nine Months Ended September 30, 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 |  | $ | 525 |  |  | $ | 106 |  |  | $ | 159 |  |  | $ | 514 |  |  | $ | 100 |  |  | $ | 131 |
Interest Cost |  | 894 |  |  | 90 |  |  | 129 |  |  | 923 |  |  | 78 |  |  | 127 |
Expected Return on Plan Assets |  | (966 | ) |  | (33 | ) |  | (3 | ) |  | (994 | ) |  | (27 | ) |  | (1 | )
Recognized Net Actuarial Loss |  | 405 |  |  | 46 |  |  | 102 |  |  | 331 |  |  | 28 |  |  | 62 |
Amortization of Prior Service Cost |  | — |  |  | 6 |  |  | 66 |  |  | 40 |  |  | 4 |  |  | 66 |
|  | $ | 858 |  |  | $ | 215 |  |  | $ | 453 |  |  | $ | 814 |  |  | $ | 183 |  |  | $ | 385 |
The weighted average assumptions used to determine net periodic benefit cost are as follows: |  |  |  |  |
Discount Rate |  | 3.51 | % |  | 3.82 | % |  | 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 | % |  | 3.70 | % |  | 3.07 | % |  | 3.00 | % |  | 3.42 | % |  | 3.07 | %
On October 29, 2018, the Company's board of directors and its compensation committee approved amendments to freeze and terminate the U.S. pension plan and a restoration plan (included in "Other Post-Retirement" in the tables above) as of December 29, 2018. The Company estimates it will incur a curtailment loss in the fourth quarter of 2018 of approximately $1,400,000, which was calculated using actuarial assumptions as of September 29, 2018.

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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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