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Retirement Benefit Plans (Tables)

9 Months Ended

Sep. 26, 2020

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost and Assumptions Used

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		%

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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