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Pension Plans
 3 Months Ended
Mar. 30, 2012
Pension Plans

Note 7 – Pension Plans

 

The following table summarizes the components of net periodic pension cost recorded for the Company’s defined benefit pension plans (in thousands):

 

    Three Months Ended
March 30, 2012		   Three Months Ended
April 1, 2011
Service cost   $ 121     $ 140  
Interest cost     33       34  
Expected return on plan assets     (26 )     (26 )
Amortization of unrecognized transitional obligation     4       4  
Recognized actuarial gain     (1 )     (6 )
    $ 131     $ 146  

 

During the three months ended March 30, 2012 and April 1, 2011, the Company made cash contributions totaling approximately $68,000 to its Swiss pension plan and expects to make additional cash contributions totaling approximately $204,000 during the remainder of 2012. The Company is not required to and does not make contributions to its Japan pension plan. Benefits are paid from operating cash flows and were not material during the quarter ended March 30, 2012.