5Pension Plans

The Company has non-contributory defined benefit pension plans covering certain of its 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 July 3, 2015 and June 27, 2014 were as follows:



	Three Months Ended				Nine Months Ended
	July 3		June 27		July 3		June 27
	2015		2014		2015		2014

Components of net periodic benefit cost:
Service cost	$	-	$	-	$	-	$	-
Interest on projected benefit obligation		269		309		808		808
Less estimated return on plan assets		247		335		741		823
Amortization of unrecognized losses		85		(77)		256		256
Net periodic benefit cost	$	107	$	(103)	$	323	$	241