Employee Benefit Plans

6 Months Ended

Jun. 29, 2013

Employee Benefit Plans

Note 6. Employee Benefit Plans

The components of net periodic pension expense were as follows:

	(In thousands)
	Three Months Ended						Six Months Ended
	June 29,			June 30,			June 29,			June 30,
	2013			2012			2013			2012
Service cost	$	211		$	241		$	422		$	482
Interest cost		290			238			580			476
Expected return on plan assets		(306	)		(265	)		(612	)		(530	)
Amortization of actuarial loss and prior service costs		274			287			548			574
Net periodic pension cost	$	469		$	501		$	938		$	1,002

The components of the reclassifications from accumulated other comprehensive loss to net income during the three and six months ended June 29, 2013 were as follows:

	(In thousands)
	Three Months Ended			Six Months Ended
	June 29,			June 29,
	2013 (a)			2013 (a)
Amortization of actuarial loss and prior service costs-total before tax (b)	$	(274	)	$	(548	)
Tax benefit		102			204
Net of tax	$	(172	)	$	(344	)

(a) Amounts in parenthesis indicate reductions to net income upon reclassification from accumulated other comprehensive loss.

(b) The amount is included in the computation of net periodic pension cost.