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 month periods ended January 1, 2016 and January 2, 2015 were as follows:



	Three Months Ended
	January 1		January 2
	2016		2015

Components of net periodic benefit cost:
Service cost	$	-	$	-
Interest on projected benefit obligation		277		269
Less estimated return on plan assets		299		274
Amortization of unrecognized losses		155		85
Net periodic benefit cost	$	133	$	80