Note 6 - Employee Benefit Plans

6 Months Ended

Jul. 05, 2015

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 6 – EMPLOYEE BENEFIT PLANS

The following tables provide the components of net periodic benefit cost for the three-month and six-month periods ended July 5, 2015, and June 29, 2014, respectively:

	Three Months Ended						Six Months Ended
Defined Benefit Retirement Plan (Europe)	July 5, 2015			June 29, 2014			July 5, 2015			June 29, 2014
	(In thousands)						(In thousands)
Service cost	$	265		$	188		$	534		$	363
Interest cost		2,111			2,849			4,204			5,364
Expected return on assets		(2,265	)		(3,195	)		(4,512	)		(6,020	)
Amortization of prior service costs		9			13			17			25
Recognized net actuarial losses		242			175			481			328
Net periodic benefit cost	$	362		$	30		$	724		$	60

	Three Months Ended				Six Months Ended
Salary Continuation Plan (SCP)	July 5, 2015		June 29, 2014		July 5, 2015		June 29, 2014
	(In thousands)				(In thousands)
Service cost	$	148	$	125	$	297	$	250
Interest cost		278		268		556		535
Amortization of prior service cost		0		6		0		12
Amortization of loss		131		67		261		133
Net periodic benefit cost	$	557	$	466	$	1,114	$	930