Quarterly report pursuant to Section 13 or 15(d)

Supplemental Retirement Plan and Related Post Retirement Benefits

v3.8.0.1
Supplemental Retirement Plan and Related Post Retirement Benefits
 3 Months Ended
Mar. 31, 2018
Retirement Benefits [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. 
 
 
Three Months Ended
(In thousands)
 
March 31,
2018
 
April 1,
2017
Service Cost
 
$
50

 
$
46

Interest Cost
 
225

 
224

Amortization of Prior Service Cost
 
97

 
97

Amortization of Net Actuarial Losses
 
157

 
93

Net Periodic Cost
 
$
529

 
$
460


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: 
 
 
Three Months Ended
(In thousands)
 
March 31,
2018
 
April 1,
2017
Service Cost
 
$
4

 
$
2

Interest Cost
 
11

 
10

Amortization of Prior Service Cost
 
4

 
4

Amortization of Net Actuarial Losses
 
15

 
8

Net Periodic Cost
 
$
34

 
$
24