Benefit Plans

The Company has company-sponsored defined benefit pension plans covering employees in the U.K., Germany, the Philippines, China, Japan, and France. The amount of the retirement benefits provided under the plans is based on years of service and final average pay.

The Company recognizes interest cost, expected return on plan assets, and amortization of prior service, net within Other expense (income), net in the Condensed Consolidated Statements of Net Income. The components of net periodic benefit cost for the three and nine months ended September 29, 2018 and September 30, 2017 were as follows:



	For the Three Months Ended						For the Nine Months Ended
(in thousands)	September 29, 2018			September 30, 2017			September 29, 2018			September 30, 2017
Components of net periodic benefit cost:
Service cost	$	533		$	408		$	1,599		$	1,224
Interest cost	501			360			1,503			1,080
Expected return on plan assets	(540		)	(476		)	(1,620		)	(1,428		)
Amortization of prior service	74			84			222			252
Net periodic benefit cost	$	568		$	376		$	1,704		$	1,128

The Company expects to make approximately $2.3 million of cash contributions to its pension plans in 2018.