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Defined Benefit Plans
6 Months Ended
Jun. 28, 2017
Retirement Benefits [Abstract]  
Defined Benefit Plans
Defined Benefit Plans

During the second quarter of 2016, we completed the liquidation of the Advantica Pension Plan (the “Pension Plan”). Accordingly, we made a final contribution of $9.5 million to the Pension Plan. The resulting $67.7 million in Pension Plan assets were used to make lump sum payments and purchase annuity contracts, which are administered by a third-party provider. In addition, during the quarter, we recognized a pre-tax settlement loss of $24.3 million related to the liquidation, reflecting the recognition of unamortized actuarial losses that were recorded in accumulated other comprehensive income.

The components of net periodic benefit cost were as follows:

 
Quarter Ended
 
Two Quarters Ended
 
June 28, 2017
 
June 29, 2016
 
June 28, 2017
 
June 29, 2016
 
(In thousands)
Pension Plan:
 
 
 
 
 
 
 
Service cost
$

 
$

 
$

 
$
105

Net periodic benefit cost
$

 
$

 
$

 
$
105

 
 
 
 
 
 
 
 
Other Defined Benefit Plans:
 
 
 
 
 
 
 
Interest cost
$
21

 
$
23

 
$
42

 
$
46

Amortization of net loss
23

 
22

 
46

 
43

Net periodic benefit cost
$
44

 
$
45

 
$
88

 
$
89


We made contributions of $0.2 million and $0.1 million to our other defined benefit plans during the two quarters ended June 28, 2017 and June 29, 2016, respectively. We expect to contribute $0.1 million to our other defined benefit plans over the remainder of fiscal 2017.

Additional minimum pension liability, net of tax, of $0.9 million related to our other defined benefit plans is reported as a component of accumulated other comprehensive loss in our Condensed Consolidated Statement of Shareholders’ Equity as of both June 28, 2017 and December 28, 2016, respectively.