Retirement Benefit Plan

9 Months Ended

Jun. 29, 2013

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 and nine-fiscal month periods ended June 29, 2013 and June 30, 2012 included the following components:



	Three Fiscal Months Ended				Nine Fiscal Months Ended
		June 29,		June 30,		June 29,		June 30,
		2013		2012		2013		2012
	(expressed in thousands)
Service cost	$	172	$	101	$	516	$	312
Interest cost		190		206		574		633
Expected return on plan assets		(171)		(163)		(516)		(501)
Net amortization and deferral		129		19		389		59
Net periodic benefit cost	$	320	$	163	$	963	$	503

The weighted average expected long-term rate of return on plan assets used to determine the net periodic benefit cost for the three and nine-fiscal month periods ended June 29, 2013 and June 30, 2012 was 5.2% and 5.4%, respectively.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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+ Details