XML 63 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
Employee Benefit Plans (Tables)
6 Months Ended
Jul. 04, 2015
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Pension Cost
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

Reclassification out of Accumulated Other Comprehensive Income
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.