Note 12 - Pensions

3 Months Ended

Jul. 02, 2011

Pension and Other Postretirement Benefits Disclosure [Text Block]

12. Pensions

The components of net periodic benefit cost for the three and six months ended  July 2, 2011, compared with the three and six months ended July 3, 2010, were (in thousands):

	U.S. Pension Benefits												Foreign Plans
	Three Months Ended						Six Months Ended						Three Months Ended						Six Months Ended
	July 2, 2011			July 3, 2010			July 2, 2011			July 3, 2010			July 2, 2011			July 3, 2010			July 2, 2011			July 3, 2010
Service cost	$	155		$	125		$	280		$	250		$	153		$	109		$	306		$	218
Interest cost		1,282			971			2,555			1,963			182			196			364			392
Expected return on plan assets		(1,631	)		(1,259	)		(3,259	)		(2,509	)		(121	)		(4	)		(242	)		(8	)
Amortization of prior service cost		-			-			-			-			(1	)		(1	)		(1	)		(1	)
Amortization of net (gain) loss		195			-			374			-			8			(1	)		15			(2	)
Total cost of the plan		1			(163	)		(50	)		(296	)		221			299			442			599
Expected plan participants’ contribution		-			-			-			-			-			-			-			-
Net periodic benefit cost	$	1		$	(163	)	$	(50	)	$	(296	)	$	221		$	299		$	442		$	599

The expected rates of return on US pension assets were 8.2% and 8.5% for 2011 and 2010, respectively. The expected rates of return on foreign pension assets were 4.5% and 1.5% for 2011 and 2010, respectively.