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Employee Benefit Plans
9 Months Ended
Oct. 01, 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
 
Nine Months Ended
 
 
October 1, 2016
 
September 26, 2015
 
October 1, 2016
 
September 26, 2015
Components of net periodic benefit costs:
 
 
 
 
 
 
 
 
Service cost
 
$

 
$

 
$

 
$

Interest cost
 
914

 
1,330

 
3,570

 
3,990

Expected return on plan assets
 
(1,098
)
 
(1,790
)
 
(4,174
)
 
(5,370
)
Amortization of net loss
 
471

 
417

 
1,356

 
1,251

Amortization of prior service cost
 

 

 

 

Net periodic benefit costs
 
287

 
(43
)
 
752

 
(129
)
Settlement charge
 

 

 
12,211

 

Net benefit costs
 
$
287

 
$
(43
)
 
$
12,963

 
$
(129
)