Defined Benefit Pension Plans

6 Months Ended

Jul. 01, 2016

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				Six Months Ended
	July 1, 2016		July 3, 2015		July 1, 2016		July 3, 2015
Service cost	$	155	$	107	$	309	$	214
Interest cost		18		19		36		38
Expected return on plan assets		(23)		(21)		(45)		(42)
Net amortization of transitional obligation (a)		3		3		6		5
Actuarial loss recognized in current period (a)		23		12		47		25
Total	$	176	$	120	$	353	$	240

(a) Amounts reclassified from accumulated other comprehensive loss.

During the six months ended July 1, 2016 and July 3, 2015, the Company made cash contributions of approximately $419,000 and $400,000, respectively, to its Swiss pension plan and the Company is not required to make additional cash contributions during the remainder of 2016. The Company currently is not required to and does not make contributions to its Japan pension plan.