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Retirement Benefit Plans | 9 Months Ended
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Sep. 26, 2020
Retirement Benefits [Abstract] |
Retirement Benefit Plans | Retirement Benefit Plans The Company includes the service cost component of net periodic benefit cost in operating income and all other components are included in other expense, net in the accompanying condensed consolidated statement of income. In 2018, the Company's board of directors and its compensation committee approved amendments to freeze and terminate its U.S. pension plan (Retirement Plan) and its restoration plan (Restoration Plan). In the fourth quarter of 2019, the Company settled its Retirement Plan obligation. In the first quarter of 2020, the Company settled its Restoration Plan obligation of $2,427,000 by paying a lump sum to its plan participants. No benefit costs were incurred related to these plans in 2020. The components of net periodic benefit cost are as follows:
|  | Three Months Ended September 26, 2020 |  | Three Months Ended September 28, 2019
(In thousands, except percentages) |  | Non-U.S. Pension |  | Other Post-Retirement |  | U.S. Pension |  | Non-U.S. Pension |  | Other Post-Retirement
Service Cost |  | $ | 45 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 43 |  |  | $ | 1 |
Interest Cost |  | 22 |  |  | 9 |  |  | 283 |  |  | 27 |  |  | 37 |
Expected Return on Plan Assets |  | (14) |  |  | (1) |  |  | (248) |  |  | (16) |  |  | (1) |
Recognized Net Actuarial Loss |  | 10 |  |  | 4 |  |  | 8 |  |  | 5 |  |  | 3 |
Amortization of Prior Service Cost |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |
|  | $ | 65 |  |  | $ | 14 |  |  | $ | 43 |  |  | $ | 59 |  |  | $ | 40 |
The weighted average assumptions used to determine net periodic benefit cost are as follows: |  |  |  |
Discount Rate |  | 2.05 | % |  | 3.80 | % |  | 4.10 | % |  | 2.82 | % |  | 4.44 | %
Expected Long-Term Return on Plan Assets |  | 7.21 | % |  | 7.21 | % |  | 4.10 | % |  | 9.22 | % |  | 9.22 | %
Rate of Compensation Increase |  | 3.14 | % |  | 5.57 | % |  | — | % |  | 2.99 | % |  | 5.57 | %
|  | Nine Months Ended September 26, 2020 |  | Nine Months Ended September 28, 2019
(In thousands, except percentages) |  | Non-U.S. Pension |  | Other Post-Retirement |  | U.S. Pension |  | Non-U.S. Pension |  | Other Post-Retirement
Service Cost |  | $ | 131 |  |  | $ | 5 |  |  | $ | — |  |  | $ | 129 |  |  | $ | 3 |
Interest Cost |  | 66 |  |  | 29 |  |  | 850 |  |  | 84 |  |  | 112 |
Expected Return on Plan Assets |  | (45) |  |  | (3) |  |  | (745) |  |  | (50) |  |  | (3) |
Recognized Net Actuarial Loss |  | 31 |  |  | 12 |  |  | 24 |  |  | 15 |  |  | 9 |
Amortization of Prior Service Cost |  | 5 |  |  | — |  |  | — |  |  | — |  |  | — |
|  | $ | 188 |  |  | $ | 43 |  |  | $ | 129 |  |  | $ | 178 |  |  | $ | 121 |
The weighted average assumptions used to determine net periodic benefit cost are as follows: |  |  |  |
Discount Rate |  | 2.12 | % |  | 3.83 | % |  | 4.10 | % |  | 2.81 | % |  | 4.44 | %
Expected Long-Term Return on Plan Assets |  | 7.21 | % |  | 7.21 | % |  | 4.10 | % |  | 9.22 | % |  | 9.22 | %
Rate of Compensation Increase |  | 3.17 | % |  | 5.57 | % |  | — | % |  | 2.99 | % |  | 5.57 | %
Other than the payment made for the settlement of the Restoration Plan obligation in January 2020, the Company does not plan to make any material cash contributions to its other pension and post-retirement plans in 2020.

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