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 1, 2016 and July 3, 2015 were as follows:



	Three Months Ended				Nine Months Ended
	July 1		July 3		July 1		July 3
	2016		2015		2016		2015

Components of net periodic benefit cost:
Service cost	$	-	$	-	$	-	$	-
Interest on projected benefit obligation		299		269		853		808
Less estimated return on plan assets		351		247		949		741
Amortization of unrecognized losses		114		85		424		256
Net periodic benefit cost	$	62	$	107	$	328	$	323