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

9 Months Ended

Oct. 03, 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.



	Nine Months Ended				Three Months Ended
(In thousands)	October 3, 2015		September 27, 2014		October 3, 2015		September 27, 2014
Service Cost	$	145	$	187	$	49	$	62
Interest Cost	633		565		211		188
Amortization of Prior Service Cost	371		390		123		130
Amortization of Net Actuarial Losses	336		80		113		27
Net Periodic Cost	$	1,485	$	1,222	$	496	$	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:



	Nine Months Ended				Three Months Ended
(In thousands)	October 3, 2015		September 27, 2014		October 3, 2015		September 27, 2014
Service Cost	$	3	$	3	$	1	$	1
Interest Cost	30		24		10		8
Amortization of Prior Service Cost	19		18		7		6
Amortization of Net Actuarial Losses	20		—		6		—
Net Periodic Cost	$	72	$	45	$	24	$	15