9. Pension plan

The Company has a noncontributory defined benefit pension plan that covers substantially all U.S. employees and includes an acquired closed noncontributory defined benefit pension plan covering certain current or former Premier Farnell U.S. employees (the “Plan”). Components of net periodic pension cost from continuing operations for the Plan were as follows, which reflect the adoption of ASU 2017-07 as discussed further in Note 1:


	Third Quarters Ended				Nine Months Ended
	March 30,		March 31,		March 30,		March 31,
	2019		2018		2019		2018
	(Thousands)
Service cost	$	3,582	$	4,305	$	11,050	$	12,040
Total net periodic pension cost within selling, general and administrative expenses		3,582		4,305		11,050		12,040

Interest cost		8,010		4,529		21,238		16,095
Expected return on plan assets		(16,003)		(10,862)		(42,605)		(38,376)
Amortization of prior service credits		(392)		(393)		(1,178)		(1,179)
Recognized net actuarial loss		2,091		3,456		7,161		10,948
Total net periodic pension benefit within other income, net		(6,294)		(3,270)		(15,384)		(12,512)

Net periodic pension (benefit) cost	$	(2,712)	$	1,035	$	(4,334)	$	(472)

In connection with the adoption of ASU No. 2017-07, the Company now classifies service cost as a component of selling, general and administrative expenses and other components of net periodic pension costs within other income, net. The Company contributed $8.0 million to the Plan during the first nine months of fiscal 2019 and expects to make an additional contribution to the Plan of $8.0 million in the remainder of fiscal 2019.

Amounts reclassified out of accumulated other comprehensive income, net of tax, to other income, net during the third quarters and first nine months of fiscal 2019 and fiscal 2018 were not material and substantially all related to net periodic pension costs including recognition of actuarial losses and amortization of prior service credits.

In connection with the sale of the TS business, a significant number of former employees became terminated vested employees under the Plan. During fiscal 2018, the aggregate amount of former employee withdrawals from the Plan exceeded the pension accounting settlement threshold for fiscal 2018, which required a settlement expense under ASC 715 pension accounting. As a result, the Company recorded a pension settlement expense of $4.9 million and $18.9 million in the third quarter and first nine months of fiscal 2018, respectively, which was classified as a component of loss from discontinued operations.