Quarterly report pursuant to Section 13 or 15(d)

Supplemental Retirement Plan and Related Post Retirement Benefits

v3.5.0.2
Supplemental Retirement Plan and Related Post Retirement Benefits
 9 Months Ended
Oct. 01, 2016
Compensation and Retirement Disclosure [Abstract]  
Supplemental Retirement Plan and Related Post Retirement Benefits
Supplemental Retirement Plan and Related Post Retirement Benefits
The Company has two non-qualified supplemental retirement defined benefit plans (“SERP” and “SERP II”) for certain executive officers. The following table sets forth information regarding the net periodic pension cost for the plans.
 
 
Nine Months Ended
 
Three Months Ended
(In thousands)
October 1,
2016
 
October 3,
2015
 
October 1,
2016
 
October 3,
2015
Service Cost
$
130

 
$
145

 
$
43

 
$
49

Interest Cost
675

 
633

 
225

 
211

Amortization of Prior Service Cost
310

 
371

 
103

 
123

Amortization of Net Actuarial Losses
257

 
336

 
86

 
113

Net Periodic Cost
$
1,372

 
$
1,485

 
$
457

 
$
496


Participants in the SERP are entitled to paid medical, dental and long-term care insurance benefits upon retirement under the plan. The following table sets forth information regarding the net periodic cost recognized for those benefits:
 
 
Nine Months Ended
 
Three Months Ended
(In thousands)
October 1,
2016
 
October 3,
2015
 
October 1,
2016
 
October 3,
2015
Service Cost
$
4

 
$
3

 
$
1

 
$
1

Interest Cost
30

 
30

 
10

 
10

Amortization of Prior Service Cost
19

 
19

 
7

 
7

Amortization of Net Actuarial Losses
16

 
20

 
4

 
6

Net Periodic Cost
$
69

 
$
72

 
$
22

 
$
24