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Retirement Benefit Plans
9 Months Ended
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. PensionOther Post-RetirementU.S. PensionNon-U.S. PensionOther Post-Retirement
Service Cost$45 $$— $43 $
Interest Cost22 283 27 37 
Expected Return on Plan Assets(14)(1)(248)(16)(1)
Recognized Net Actuarial Loss10 
Amortization of Prior Service Cost— — — — 
$65 $14 $43 $59 $40 
The weighted average assumptions used to determine net periodic benefit cost are as follows: 
Discount Rate2.05 %3.80 %4.10 %2.82 %4.44 %
Expected Long-Term Return on Plan Assets7.21 %7.21 %4.10 %9.22 %9.22 %
Rate of Compensation Increase3.14 %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. PensionOther Post-RetirementU.S. PensionNon-U.S. PensionOther Post-Retirement
Service Cost$131 $$— $129 $
Interest Cost66 29 850 84 112 
Expected Return on Plan Assets(45)(3)(745)(50)(3)
Recognized Net Actuarial Loss31 12 24 15 
Amortization of Prior Service Cost— — — — 
 $188 $43 $129 $178 $121 
The weighted average assumptions used to determine net periodic benefit cost are as follows: 
Discount Rate2.12 %3.83 %4.10 %2.81 %4.44 %
Expected Long-Term Return on Plan Assets7.21 %7.21 %4.10 %9.22 %9.22 %
Rate of Compensation Increase3.17 %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.