Quarterly report pursuant to Section 13 or 15(d)

Supplemental Retirement Plan and Related Post Retirement Benefits

v3.19.1
Supplemental Retirement Plan and Related Post Retirement Benefits
3 Months Ended
Mar. 30, 2019
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 30, 2019 March 31, 2018
Service Cost
$ 45  $ 50 
Interest Cost
229  225 
Amortization of Prior Service Cost
97  97 
Amortization of Net Actuarial Losses
75  157 
Net Periodic Cost
$ 446  $ 529 
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 30, 2019 March 31, 2018
Service Cost $ $
Interest Cost 12  11 
Amortization of Prior Service Cost
Amortization of Net Actuarial Losses 10  15 
Net Periodic Cost $ 29  $ 34