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Pension Plans
 6 Months Ended
Jun. 29, 2012
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 8 – 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
June 29, 2012		     Three Months
Ended
July 1, 2011		     Six Months
Ended
June 29, 2012		     Six Months
Ended
July 1, 2011		  
Service cost   $ 121     $ 122     $ 242     $ 262  
Interest cost     34       28       67       62  
Expected return on plan assets     (27 )     (23 )     (53 )     (49 )
Amortization of unrecognized transitional obligation     4       4       8       8  
Amortization of prior service cost     (1 )     (1 )     (1 )     (1 )
Recognized actuarial gain     (1 )     (9 )     (2 )     (15 )
    $ 130     $ 121     $ 261     $ 267  

 

During the six months ended June 29, 2012 and July 1, 2011, the Company made cash contributions totaling approximately $119,000 and $135,000 to its Swiss pension plan and expects to make additional cash contributions totaling approximately $119,000 during the remainder of 2012. The Company is not required to and does not make contributions to its Japan pension plan.