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Employee Benefits
9 Months Ended
Oct. 04, 2014
Compensation and Retirement Disclosure [Abstract]  
Employee Benefits
Employee Benefits
The decrease in net periodic pension cost for the third fiscal quarter ended October 4, 2014, and the nine months ended October 4, 2014, is primarily due to an increase in the discount rate, from 4.24% to 5.00%, a reduction in amortized losses, and an increased return on investments due to favorable market conditions.
The following table shows the components of net periodic pension cost (in thousands):
 
Three Months Ended 
 October 4, 2014

Three Months Ended 
 September 28, 2013
Service cost
$
264

 
$
548

Interest cost on projected benefit obligation
1,280

 
1,188

Expected return on plan assets
(1,510
)
 
(1,306
)
Amortization of unrecognized loss
191

 
718

Net periodic pension cost
$
225

 
$
1,148

 
Nine Months Ended 
 October 4, 2014

Nine Months Ended 
 September 28, 2013
Service cost
$
792

 
$
1,644

Interest cost on projected benefit obligation
3,840

 
3,563

Expected return on plan assets
(4,530
)
 
(3,918
)
Amortization of unrecognized loss
573

 
2,154

Net periodic pension cost
$
675

 
$
3,443