Employee Benefit Plans

6 Months Ended

Jul. 02, 2016

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans [Text Block]

Employee Benefit Plans

In 2016, the company adopted an amendment to its Wyle defined benefit plan that provided eligible plan participants with the option to receive an early distribution of their pension benefits. Lump sum payments of $26,063 were made during June 2016 and the company incurred a settlement expense of $12,211.

The components of the net periodic benefit costs for the Wyle defined benefit plan are as follows:

	Quarter Ended						Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Components of net periodic benefit costs:
Service cost	$	—		$	—		$	—		$	—
Interest cost	1,328			1,330			2,656			2,659
Expected return on plan assets	(1,538		)	(1,790		)	(3,076		)	(3,580		)
Amortization of net loss	443			417			885			834
Amortization of prior service cost	—			—			—			—
Net periodic benefit costs	233			(43		)	465			(87		)
Settlement charge	12,211			—			12,211			—
Net benefit costs	$	12,444		$	(43	)	$	12,676		$	(87	)