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Pension and Postretirement Benefit Plans | 3 Months Ended
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Mar. 29, 2014
Compensation and Retirement Disclosure [Abstract] |
Pension and Postretirement Benefit Plans | Pension and Postretirement Benefit Plans The Company and its subsidiaries sponsor multiple defined benefit plans that cover certain employees. Postretirement benefit plans, other than pensions, provide healthcare benefits for certain eligible employees. Benefits are primarily based on years of service and the employee’s compensation. Pension Plans The Company has both funded and unfunded pension benefit plans. It is the Company’s policy to fund such plans in accordance with applicable laws and regulations in order to ensure adequate funds are available in the plans to make benefit payments to plan participants and beneficiaries when required. The components of the Company's pension related costs for the following periods are as follows:
In thousands | Three Months Ended March 29, 2014 |  | Three Months Ended March 30, 2013
Service cost | $ | 873 |  |  | $ | 844 |
Interest cost | 2,458 |  |  | 1,391 |
Expected return on plan assets | (3,118 | ) |  | (1,884 | )
Curtailment / settlement (gain) loss | — |  |  | — |
Net amortization of: |  |  |
Actuarial (gain) loss | (4 | ) |  | 88 |
Transition costs and other | — |  |  | — |
Net periodic benefit cost | $ | 209 |  |  | $ | 439 |
The Company’s practice is to fund amounts for its qualified pension plans at least sufficient to meet the minimum requirements set forth in applicable employee benefit laws and local tax laws. In addition, the Company manages these plans to ensure that all present and future benefit obligations are met as they come due. During 2014, employer contributions are expected to approximate $5.0 million. As well, the Company expects to recognize amortization of actuarial gains/losses as components of net periodic benefit cost of less than $0.1 million. Postretirement Plans The Company sponsors several Non-U.S. postretirement plans that provide healthcare benefits to cover certain eligible employees. These plans have no plan assets, but instead are funded by the Company on a pay-as-you-go basis in the form of direct benefit payments. The components of the Company's postretirement related costs for the following periods are as follows:
In thousands | Three Months Ended March 29, 2014 |  | Three Months Ended March 30, 2013
Service cost | $ | 9 |  |  | $ | 15 |
Interest cost | 93 |  |  | 46 |
Curtailment / settlement (gain) loss | — |  |  | — |
Net amortization of: |  |  |
Actuarial (gain) loss | 5 |  |  | 9 |
Transition costs and other | — |  |  | — |
Net periodic benefit cost | $ | 107 |  |  | $ | 70 |
For the three months ended March 29, 2014 and March 30, 2013, reclassifications out of accumulated other comprehensive income (loss) totaled less than $0.1 million and $0.1 million, respectively. These amounts related to net actuarial gains/losses included in the computation of net periodic benefit cost for both pension and postretirement benefit plans. Defined Contribution Plans The Company sponsors several defined contribution plans through its domestic subsidiaries covering employees who meet certain service requirements. The Company makes matching contributions to the plans based upon a percentage of the employees’ contribution in the case of its 401(k) plans or upon a percentage of the employees’ salary or hourly wages in the case of its non-contributory money purchase plans.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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