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Pensions and Other Postretirement Benefits | 3 Months Ended
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Apr. 01, 2017
Pensions and Other Postretirement Benefits [Abstract] |
Pensions and Other Postretirement Benefits | Note 7 – Pensions and Other Postretirement Benefits The Company maintains various retirement benefit plans. Defined Benefit Pension Plans The following table shows the components of the net periodic pension cost for the first fiscal quarters of 2017 and 2016 for the Company's defined benefit pension plans:
|  | Fiscal quarter ended April 1, 2017 |  |  | Fiscal quarter ended April 2, 2016 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Net service cost |  | $ | - |  |  | $ | 903 |  |  | $ | - |  |  | $ | 774 |
Interest cost |  |  | 410 |  |  |  | 1,167 |  |  |  | 3,000 |  |  |  | 1,353 |
Expected return on plan assets |  |  | - |  |  |  | (506 | ) |  |  | (2,825 | ) |  |  | (534 | )
Amortization of prior service cost |  |  | 36 |  |  |  | 18 |  |  |  | 36 |  |  |  | 12 |
Amortization of losses |  |  | 82 |  |  |  | 1,478 |  |  |  | 1,650 |  |  |  | 1,171 |
Curtailment and settlement losses |  |  | - |  |  |  | 322 |  |  |  | - |  |  |  | 195 |
Net periodic benefit cost |  | $ | 528 |  |  | $ | 3,382 |  |  | $ | 1,861 |  |  | $ | 2,971 |
Net periodic benefit cost in 2017 was significantly impacted by the termination and settlement of the Company's qualified U.S. pension plan in December 2016. The settlement resulted in the immediate recognition of previously unrecognized actuarial items related to the plan in 2016 that were recorded in accumulated other comprehensive income and were being amortized into net periodic pension cost. The Company contributed $4,409 to the Company's Taiwanese pension plans to improve the funded status of those plans in 2017. Other Postretirement Benefits The following table shows the components of the net periodic benefit cost for the first fiscal quarters of 2017 and 2016 for the Company's other postretirement benefit plans:
|  | Fiscal quarter ended April 1, 2017 |  |  | Fiscal quarter ended April 2, 2016 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Service cost |  | $ | 33 |  |  | $ | 64 |  |  | $ | 31 |  |  | $ | 67 |
Interest cost |  |  | 77 |  |  |  | 24 |  |  |  | 85 |  |  |  | 36 |
Amortization of prior service (credit) |  |  | (209 | ) |  |  | - |  |  |  | (209 | ) |  |  | - |
Amortization of losses (gains) |  |  | (23 | ) |  |  | 14 |  |  |  | (8 | ) |  |  | 17 |
Net periodic benefit cost |  | $ | (122 | ) |  | $ | 102 |  |  | $ | (101 | ) |  | $ | 120 |

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450702-114947 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66047640&loc=d3e39622-114963 + Details
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