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 March 31, 2017 and April 1, 2016 were as follows:



	Three Months Ended				Six Months Ended
	March 31		April 1		March 31		April 1
	2017		2016		2017		2016

Components of net periodic benefit cost:
Service cost	$	-	$	-	$	-	$	-
Interest on projected benefit obligation		284		277		568		554
Less estimated return on plan assets		274		299		548		598
Amortization of unrecognized losses		141		155		283		310
Net periodic benefit cost	$	151	$	133	$	303	$	266