Note 7 - Employee Benefit Plans

3 Months Ended

Apr. 01, 2018

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE

7

– EMPLOYEE BENEFIT PLANS

The following tables provide the components of net periodic benefit cost for the

three

-month periods ended

April 1, 2018

and

April 2, 2017,

respectively:

	Three Months Ended
Defined Benefit Retirement Plan s (Europe)	April 1 , 201 8			April 2, 2017
	(In thousands)
Service cost	$	187		$	384
Interest cost		1,353			1,334
Expected return on assets		(1,602	)		(1,586	)
Amortization of prior service costs		7			0
Recognized net actuarial (gains)/losses		288			309
Net periodic benefit cost	$	233		$	441

	Three Months Ended
Salary Continuation Plan (SCP)	April 1 , 201 8		April 2, 2017
	(In thousands)
Service cost	$	0	$	0
Interest cost		270		313
Amortization of prior service cost		0		0
Amortization of (gain)/loss		116		91
Net periodic benefit cost	$	386	$	404

In accordance with applicable accounting standards, the service cost component of net periodic benefit costs is presented within earnings from operations in the consolidated condensed statement of operations, while all other components of net periodic benefit costs are presented within other expenses in the consolidated condensed statement of operations.