Defined Benefit Pension Plans

3 Months Ended

Mar. 30, 2018

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
	March 30, 2018		March 31, 2017
Service cost⁽¹⁾	$	138	$	129
Interest cost⁽²⁾		14		14
Expected return on plan assets⁽²⁾		(26)		(23)
Net amortization of transitional obligation^(2),(3)		3		3
Prior service credit^(2),(3)		(6)		(2)
Actuarial loss recognized in current period^(2),(3)		28		17
Net periodic pension cost	$	151	$	138

⁽¹⁾ Recognized in selling general and administrative expenses on the Condensed Consolidated Statements of Operations.

⁽²⁾ Recognized in other income, net on the Condensed Consolidated Statements of Operations.

⁽³⁾ Amounts reclassified from accumulated other comprehensive loss.

During the three months ended March 30, 2018 and March 31, 2017, the Company contributions were $66,000 and $64,000, respectively, to its Swiss pension plan. The Company currently is not required to and does not make contributions to its Japan pension plan.