Employee Benefit Plans

3 Months Ended

Apr. 01, 2017

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The components of net periodic pension expense were as follows:

	(In thousands)
	Three Months Ended
	April 1, 2017			April 2, 2016
Service cost	$	133		$	133
Interest cost	332			342
Expected return on plan assets	(383		)	(370		)
Amortization of actuarial losses	203			191
Net periodic pension cost	$	285		$	296

The components of the reclassifications of net actuarial losses from accumulated other comprehensive loss to net income for the three months ended April 1, 2017 were as follows:

	(In thousands)
	Three Months Ended
	April 1, 2017
Amortization of actuarial losses - total before tax (1)	$	(203	)
Tax benefit	63
Net of tax	$	(140	)

(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.