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Note 9 - Employee Benefit Plans

6 Months Ended

Jun. 30, 2019

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 9 – EMPLOYEE BENEFIT PLANS

The following tables provide the components of net periodic benefit cost for the three-month and six-month periods ended June 30, 2019 and July 1, 2018, respectively:

	Three Months Ended						Six Months Ended
Defined Benefit Retirement Plans (Europe)	June 30, 2019			July 1, 2018			June 30, 2019			July 1, 2018
	(In thousands)						(In thousands)
Service cost	$	184		$	182		$	369		$	369
Interest cost		1,266			1,318			2,547			2,671
Expected return on assets		(1,428	)		(1,562	)		(2,873	)		(3,164	)
Amortization of prior service cost		16			8			32			15
Amortization of net actuarial losses		249			281			502			569
Net periodic benefit cost	$	287		$	227		$	577		$	460

	Three Months Ended				Six Months Ended
Salary Continuation Plan (SCP)	June 30, 2019		July 1, 2018		June 30, 2019		July 1, 2018
	(In thousands)				(In thousands)
Service cost	$	0	$	0	$	0	$	0
Interest cost		289		271		577		541
Amortization of prior service cost		0		0		0		0
Amortization of net actuarial losses		93		116		187		232
Net periodic benefit cost	$	382	$	387	$	764	$	773

	Three Months Ended		Six Months Ended
Nora Defined Benefit Plan	June 30, 2019		June 30, 2019
	(In thousands)		(In thousands)
Service cost	$	216	$	433
Interest cost		171		345
Net periodic benefit cost	$	387	$	778

In accordance with applicable accounting standards, the service cost component of net periodic benefit costs is presented within Operating Income in the consolidated condensed statement of operations, while all other components of net periodic benefit costs are presented within other expense in the consolidated condensed statement of operations.