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Pensions and Other Postretirement Benefits
 6 Months Ended
Jul. 02, 2011
Compensation and Retirement Disclosure [Abstract]  
Pensions and Other Postretirement Benefits
Note 6 – Pensions and Other Postretirement Benefits
 
The Company maintains various retirement benefit plans.
 
The following table shows the components of the net periodic pension cost for the second fiscal quarters of 2011 and 2010 for the Company’s defined benefit pension plans (in thousands) :
 
    Fiscal quarters ended   Fiscal quarters ended
    July 2, 2011   July 3, 2010
    U.S.   Non-U.S.   U.S.   Non-U.S.
       Plans      Plans      Plans      Plans
Net service cost   $ -     $ 849     $ -     $ 757  
Interest cost     4,081       2,679       3,992       2,686  
Expected return on plan assets     (4,888 )     (398 )     (4,648 )     (457 )
Amortization of prior service cost     612       -       158       -  
Amortization of losses    
2,201
      254       2,352       45  
Curtailments and settlements     148       -       -       -  
Net periodic benefit cost   $       2,154     $       3,384     $       1,854     $       3,031  
                                 

The following table shows the components of the net periodic pension cost for the six fiscal months ended July 2, 2011 and July 3, 2010 for the Company’s defined benefit pension plans (in thousands) :
 
    Six fiscal months ended   Six fiscal months ended
    July 2, 2011   July 3, 2010
    U.S.   Non-U.S.   U.S.   Non-U.S.
       Plans      Plans      Plans      Plans
Net service cost   $ -     $ 1,676     $ -     $ 1,534  
Interest cost     8,149       5,241       8,057       5,563  
Expected return on plan assets     (9,541 )     (789 )     (9,049 )     (923 )
Amortization of prior service cost     1,253       -       202       -  
Amortization of losses     4,303       503       4,657       87  
Curtailments and settlements     148       -       -       -  
Net periodic benefit cost   $       4,312    
$     
6,631     $       3,867     $       6,261  
                                 

The following table shows the components of the net periodic benefit cost for the second fiscal quarters of 2011 and 2010 for the Company’s other postretirement benefit plans (in thousands) :
 
    Fiscal quarter ended   Fiscal quarter ended
    July 2, 2011   July 3, 2010
    U.S.   Non-U.S.   U.S.   Non-U.S.
       Plans      Plans      Plans      Plans
Service cost   $ 20     $ 71   $ 29     $ 61
Interest cost     146       73     196            70
Amortization of prior service (credit) cost             (111 )     -                 (110 )     -
Amortization of transition obligation     12       -     18        -
Amortization of gains     (61 )     -     (51 )     -
Net periodic benefit cost   $ 6     $          144   $ 82     $ 131
                             
The following table shows the components of the net periodic pension cost for the six fiscal months ended July 2, 2011 and July 3, 2010 for the Company’s other postretirement benefit plans (in thousands) :
 
      Six fiscal months ended     Six fiscal months ended
      July 2, 2011     July 3, 2010
    U.S.   Non-U.S.   U.S.   Non-U.S.
       Plans      Plans      Plans      Plans
Service cost   $ 39     $ 138   $ 57     $ 128
Interest cost     292                142     391       146
Amortization of prior service (credit) cost     (221 )     -     (220 )     -
Amortization of transition obligation     24       -     37       -
Amortization of gains                 (122 )     -                 (102 )     -
Net periodic benefit cost   $ 12     $             280   $ 163     $             274