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
 9 Months Ended
Sep. 30, 2017
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. 
 
Nine Months Ended
 
Three Months Ended
(In thousands)
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Service Cost
$
138

 
$
130

 
$
46

 
$
43

Interest Cost
672

 
675

 
224

 
225

Amortization of Prior Service Cost
291

 
310

 
97

 
103

Amortization of Net Actuarial Losses
279

 
257

 
93

 
86

Net Periodic Cost
$
1,380

 
$
1,372

 
$
460

 
$
457


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)
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Service Cost
$
6

 
$
4

 
$
2

 
$
1

Interest Cost
30

 
30

 
10

 
10

Amortization of Prior Service Cost
12

 
19

 
4

 
7

Amortization of Net Actuarial Losses
21

 
16

 
7

 
4

Net Periodic Cost
$
69

 
$
69

 
$
23

 
$
22