Employee Benefit Plans

9 Months Ended

Oct. 01, 2016

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						Nine Months Ended
	October 1, 2016			October 3, 2015			October 1, 2016			October 3, 2015
Service cost	$	133		$	196		$	399		$	589
Interest cost	341			338			1,025			1,013
Expected return on plan assets	(370		)	(374		)	(1,111		)	(1,121		)
Amortization of actuarial losses	191			222			572			665
Net periodic pension cost	$	295		$	382		$	885		$	1,146

The components of the reclassifications of net actuarial losses from accumulated other comprehensive loss to net income for the three and nine months ended October 1, 2016 were as follows:

	(In thousands)
	Three Months Ended			Nine Months Ended
	October 1, 2016			October 1, 2016
Amortization of actuarial losses - total before tax (1)	$	(191	)	$	(572	)
Tax benefit	71			212
Net of tax	$	(120	)	$	(360	)

(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.