Defined Benefit Pension Plans

9 Months Ended

Oct. 02, 2015

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 7 – Defined Benefit Pension Plans

The Company has defined benefit plans covering employees of its Switzerland and Japan operations.

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				Nine Months Ended
	October 2,		October 3,		October 2,		October 3,
	2015		2014		2015		2014
Service cost	$	107	$	116	$	321	$	349
Interest cost		19		30		57		102
Expected return on plan assets		(22)		(22)		(64)		(76)
Net amortization of transitional obligation (a)		3		—		8		—
Actuarial loss recognized in current period (a)		12		6		37		18
Total	$	119	$	130	$	359	$	393

(a) Amounts reclassified from accumulated other comprehensive income.

During the nine months ended October 2, 2015 and October 3, 2014, the Company made cash contributions totaling approximately $400,000 and $558,000, respectively, to its Swiss pension plan and does not expect to make any additional cash contributions during the remainder of 2015, as the Company has met the annual contribution requirement. The Company is not required to and does not make contributions to its Japan pension plan.