Defined Benefit Pension Plans

6 Months Ended

Jun. 30, 2017

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
	June 30,		July 1,		June 30,		July 1,
	2017		2016		2017		2016
Service cost	$	127	$	155	$	254	$	309
Interest cost		14		18		28		36
Expected return on plan assets		(24)		(23)		(47)		(45)
Net amortization of transitional obligation (a)		3		3		6		6
Actuarial loss recognized in current period (a)		17		23		34		47
Total	$	137	$	176	$	275	$	353

(a) Amounts reclassified from accumulated other comprehensive loss.

During the six months ended June 30, 2017 and July 1, 2016, the Company made cash contributions of approximately $501,000 and $419,000, respectively, to its Swiss pension plan and the Company is not required to make additional cash contributions during the remainder of 2017. The Company currently is not required to and does not make contributions to its Japan pension plan.