5Pension Plans

The Company has non-contributory defined benefit pension plans covering certain U.S. employees. Retirement benefits are generally provided based on the employees’ years of service and average earnings. Normal retirement age is 65, with provisions for earlier retirement.

The components of net periodic benefit cost related to Company sponsored defined benefit plans for the three and nine month periods ended June 27, 2014 and June 28, 2013 were as follows:



	Three Months Ended				Nine Months Ended
	June 27		June 28		June 27		June 28
	2014		2013		2014		2013
Components of net periodic benefit cost:
Service cost	$	-	$	-	$	-	$	-
Interest on projected benefit obligation		309		249		808		748
Less estimated return on plan assets		335		244		823		733
Amortization of unrecognized losses		(77)		167		256		500
	$	(103)	$	172	$	241	$	515