Retirement Benefit Plan

3 Months Ended

Dec. 29, 2012

12. Retirement Benefit Plan

One of the Company’s German subsidiaries has a non-contributory, defined benefit retirement plan for eligible employees. This plan provides benefits based on the employee’s years of service and compensation during the years immediately preceding retirement, early retirement, termination, disability, or death, as defined in the plan.

The cost for the plan for the three-fiscal month periods ended December 29, 2012 and December 31, 2011 included the following components:



	Three Fiscal Months Ended
		December 29,		December 31,
		2012		2011
		(expressed in thousands)
Service cost	$	170	$	107
Interest cost		190		216
Expected return on plan assets		(170)		(171)
Net amortization and deferral		128		20
Net periodic benefit cost	$	318	$	172

The weighted average expected long-term rate of return on plan assets used to determine the net periodic benefit cost for the three-fiscal month periods ended December 29, 2012 and December 31, 2011 was 5.2% and 5.4%, respectively.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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+ Details