Pension And Other Post Retirement Benefits

3 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Plans

NOTE 10: PENSION AND OTHER RETIREMENT PLANS

The components of net periodic benefit credit for Company-sponsored pension and other postretirement benefits plans, net of taxes, for the three months ended March 31, 2016 and March 29, 2015 were as follows (in thousands):

	Pension Benefits
	Three Months Ended
	March 31, 2016			March 29, 2015
Service cost	$	169		$	156
Interest cost	20,751			20,377
Expected return on plans’ assets	(26,913		)	(27,836		)
Net periodic benefit credit	$	(5,993	)	$	(7,303	)

	Other Post Retirement Benefits
	Three Months Ended
	March 31, 2016			March 29, 2015
Service cost	$	—		$	34
Interest cost	81			110
Recognized actuarial gain	—			(8		)
Amortization of prior service credits	(95		)	—
Net periodic benefit cost	$	(14	)	$	136

For 2016, the Company does not expect to make any contributions to its qualified pension plans and expects to contribute $1 million to its other postretirement plans. In the three months ended March 31, 2016 and March 29, 2015, the Company’s contributions were not material.