XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.22.2

Pensions and Other Postretirement Benefits | 6 Months Ended
--- | ---
Jul. 02, 2022
Pensions and Other Postretirement Benefits [Abstract] |
Pensions and Other Postretirement Benefits | Note 9 – Pensions and Other Postretirement Benefits The Company maintains various retirement benefit plans. The service cost component of net periodic pension cost is classified in costs of products sold or selling, general, and administrative expenses on the consolidated condensed statements of operations based on the respective employee's function. The other components of net periodic pension cost are classified as other expense on the consolidated condensed statements of operations. Defined Benefit Pension Plans The following table shows the components of the net periodic pension cost for the second fiscal quarters of 2022 and 2021 for the Company’s defined benefit pension plans:
|  | Fiscal quarter ended July 2, 2022 |  |  | Fiscal quarter ended July 3, 2021 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Net service cost |  | $ | - |  |  | $ | 1,068 |  |  | $ | - |  |  | $ | 1,191 |
Interest cost |  |  | 281 |  |  |  | 813 |  |  |  | 254 |  |  |  | 754 |
Expected return on plan assets |  |  | - |  |  |  | (440 | ) |  |  | - |  |  |  | (419 | )
Amortization of prior service cost |  |  | 36 |  |  |  | 53 |  |  |  | 36 |  |  |  | 50 |
Amortization of losses |  |  | 426 |  |  |  | 1,205 |  |  |  | 446 |  |  |  | 1,887 |
Curtailment and settlement losses |  |  | - |  |  |  | 265 |  |  |  | - |  |  |  | 202 |
Net periodic benefit cost |  | $ | 743 |  |  | $ | 2,964 |  |  | $ | 736 |  |  | $ | 3,665 |
The following table shows the components of the net periodic pension cost for the six fiscal months ended July 2, 2022 and July 3, 2021 for the Company’s defined benefit pension plans:
|  | Six fiscal months ended July 2, 2022 |  |  | Six fiscal months ended July 3, 2021 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Net service cost |  | $ | - |  |  | $ | 2,185 |  |  | $ | - |  |  | $ | 2,381 |
Interest cost |  |  | 561 |  |  |  | 1,665 |  |  |  | 508 |  |  |  | 1,508 |
Expected return on plan assets |  |  | - |  |  |  | (900 | ) |  |  | - |  |  |  | (836 | )
Amortization of prior service cost |  |  | 72 |  |  |  | 109 |  |  |  | 72 |  |  |  | 101 |
Amortization of losses |  |  | 853 |  |  |  | 2,476 |  |  |  | 893 |  |  |  | 3,771 |
Curtailment and settlement losses |  |  | - |  |  |  | 544 |  |  |  | - |  |  |  | 401 |
Net periodic benefit cost |  | $ | 1,486 |  |  | $ | 6,079 |  |  | $ | 1,473 |  |  | $ | 7,326 |
Other Postretirement Benefits The following table shows the components of the net periodic benefit cost for the second fiscal quarters of 2022 and 2021 for the Company’s other postretirement benefit plans:
|  | Fiscal quarter ended July 2, 2022 |  |  | Fiscal quarter ended July 3, 2021 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Service cost |  | $ | 9 |  |  | $ | 60 |  |  | $ | 26 |  |  | $ | 70 |
Interest cost |  |  | 44 |  |  |  | 14 |  |  |  | 41 |  |  |  | 11 |
Amortization of losses |  |  | 85 |  |  |  | 21 |  |  |  | 13 |  |  |  | 30 |
Net periodic benefit cost |  | $ | 138 |  |  | $ | 95 |  |  | $ | 80 |  |  | $ | 111 |
The following table shows the components of the net periodic pension cost for the six fiscal months ended July 2, 2022 and July 3, 2021 for the Company’s other postretirement benefit plans:
|  | Six fiscal months ended July 2, 2022 |  |  | Six fiscal months ended July 3, 2021 |
|  | U.S. Plans |  |  | Non-U.S. Plans |  |  | U.S. Plans |  |  | Non-U.S. Plans |
Service cost |  | $ | 19 |  |  | $ | 123 |  |  | $ | 51 |  |  | $ | 141 |
Interest cost |  |  | 89 |  |  |  | 29 |  |  |  | 82 |  |  |  | 22 |
Amortization of losses |  |  | 171 |  |  |  | 44 |  |  |  | 26 |  |  |  | 59 |
Net periodic benefit cost |  | $ | 279 |  |  | $ | 196 |  |  | $ | 159 |  |  | $ | 222 |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -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 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration