Note 8 - Components of Net Periodic Benefit Related to Pension and Other Postretirement Benefit Plans

3 Months Ended

Feb. 29, 2020

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 8: Components of Net Periodic Benefit related to Pension and Other Postretirement Benefit Plans

	Three Months Ended February 29, 2020 and March 2, 2019
													Other
	Pension Benefits												Postretirement
	U.S. Plans						Non-U.S. Plans						Benefits
Net periodic cost (benefit):	2020			2019			2020			2019			2020			2019
Service cost	$	-		$	1		$	725		$	568		$	18		$	24
Interest cost		2,935			3,673			794			1,184			284			387
Expected return on assets		(6,440	)		(6,326	)		(2,842	)		(2,587	)		(1,994	)		(1,753	)
Amortization:
Prior service cost (benefit)		(1	)		3			16			16			-			-
Actuarial loss		1,799			1,169			950			789			15			8
Net periodic benefit	$	(1,707	)	$	(1,480	)	$	(357	)	$	(30	)	$	(1,677	)	$	(1,334	)

Service cost is included with employee compensation cost in cost of sales and selling, general and administrative expenses in the Consolidated Statements of Income.  The components of our net periodic defined benefit pension and postretirement benefit costs other than service cost are presented in other income (expense), net in the Consolidated Statements of Income.