RETIREMENT AND SAVINGS BENEFIT PLANS (Tables)

12 Months Ended

Jan. 01, 2022

Retirement Benefits [Abstract]

Components of Pension Cost

The following table presents net pension costs recognized by the Company related to the Shared Plans through the Separation date:

(In thousands)	Year Ended December 2019
Service cost	$	726
Non-service components	(3,166)
Net pension benefit	$	(2,440)

The following tables present key components of pension costs, amounts recorded in the balance sheets and related key assumptions specific to the international plans:

	Year Ended December
(In thousands)		2021			2020			2019
Amounts included in the statements of operations:
Net pension costs		$	866		$	1,027		$	680
Actuarial assumptions used to determine pension expense:
Discount rate in effect for determining service cost		0.64		%	0.68		%	1.28		%
Rate of inflation		1.70		%	1.80		%	1.80		%
Expected long-term return on plan assets		3.00		%	3.00		%	3.00		%
Rate of compensation increase		2.90		%	3.00		%	3.00		%

(In thousands)	December 2021			December 2020
Amounts included in the balance sheets:
Projected benefit obligations	$	22,935		$	22,764
Fair value of plan assets	9,250			8,708
Funded status - recorded in other liabilities (Note 11)	$	13,685		$	14,056
Accumulated other comprehensive loss, pretax - net deferred amounts	(2,904)			(2,519)
Actuarial assumptions used to determine pension obligations:
Discount rate	0.64		%	0.64		%
Rate of compensation increase	2.90		%	2.90		%
Accumulated benefit obligations	$	13,514		$	13,342