Employee Benefit Plans

6 Months Ended

Jul. 04, 2015

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The components of net periodic pension expense were as follows:

	(In thousands)						(In thousands)
	Three Months Ended						Six Months Ended
	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Service cost	$	197		$	173		$	393		$	346
Interest cost	337			319			675			638
Expected return on plan assets	(373		)	(351		)	(747		)	(701		)
Amortization of actuarial losses	221			105			443			210
Net periodic pension cost	$	382		$	246		$	764		$	493

The components of the reclassifications of net actuarial losses from accumulated other comprehensive loss to net income for the three months ended July 4, 2015 were as follows:

	(In thousands)
	Three Months Ended			Six Months Ended
	July 4, 2015			July 4, 2015
Amortization of actuarial losses - total before tax (1)	$	(221	)	$	(443	)
Tax benefit	68			165
Net of tax	$	(153	)	$	(278	)

(1) The amortization expense is included in the computation of periodic pension cost and is a decrease to net income upon reclassification from accumulated other comprehensive loss.