XML 23 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Retirement Plans
 3 Months Ended
Apr. 01, 2017
Compensation and Retirement Disclosure [Abstract]  
Retirement Plans
Retirement Plans

The components of the net periodic expense for the Company’s pension plans, supplemental executive retirement plans ("SERP") and other postretirement benefit plans ("OPEB") are as follows (in thousands):

 
 
For the Three Months Ended
 
 
April 1,
2017
 
April 2,
2016
Service cost
 
$
—

 
$
—

Interest cost
 
3,271

 
3,545

Expected return on plan assets
 
(4,636
)
 
(4,775
)
Net amortization and deferral
 
1

 
1

Recognized net actuarial loss
 
2,612

 
2,480

Net periodic expense
 
$
1,248

 
$
1,251



Interest cost on the projected benefit obligation includes $0.2 million related to the Company’s SERP and OPEB plans in each of the three months ended April 1, 2017 and April 2, 2016.

For the three months ended April 1, 2017, the Company made total contributions of $0.3 million to its pension, SERP and OPEB plans. The Company expects to contribute approximately $9.0 million to its pension, SERP and OPEB plans, for the remainder of 2017.