Astronics Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Supplemental Retirement Plan and Related Post Retirement Benefits

Supplemental Retirement Plan and Related Post Retirement Benefits

6 Months Ended

Jul. 04, 2015

Compensation and Retirement Disclosure [Abstract]

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.



	Six Months Ended				Three Months Ended
(In thousands)	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Service Cost	$	97	$	124	$	48	$	62
Interest Cost	422		376		211		188
Amortization of Prior Service Cost	247		260		124		130
Amortization of Net Actuarial Losses	225		54		112		27
Net Periodic Cost	$	991	$	814	$	495	$	407

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:



	Six Months Ended				Three Months Ended
(In thousands)	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Service Cost	$	3	$	1	$	2	$	1
Interest Cost	19		16		10		8
Amortization of Prior Service Cost	13		12		6		6
Amortization of Net Actuarial Losses	12		—		7		—
Net Periodic Cost	$	47	$	29	$	25	$	15