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 six month periods ended April 1, 2016 and April 3, 2015 were as follows:



	Three Months Ended				Six Months Ended
	April 1		April 3		April 1		April 3
	2016		2015		2016		2015

Components of net periodic benefit cost:
Service cost	$	-	$	-	$	-	$	-
Interest on projected benefit obligation		277		270		554		539
Less estimated return on plan assets		299		220		598		494
Amortization of unrecognized losses		155		86		310		171
Net periodic benefit cost	$	133	$	136	$	266	$	216