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Deferred Compensation and Other Benefits (Tables)
6 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Schedule of Net Periodic Pension Cost

Net periodic pension cost for the quarter and two quarters ended June 30, 2023 and July 1, 2022 for the plans is as follows:

 

 

For the Quarter Ended

 

 

For the Two Quarters Ended

 

(amounts in thousands)

 

June 30, 2023

 

 

July 1, 2022

 

 

June 30, 2023

 

 

July 1, 2022

 

Service cost

 

$

113

 

 

$

104

 

 

$

191

 

 

$

213

 

Interest cost

 

 

252

 

 

 

84

 

 

 

487

 

 

 

173

 

Expected return on assets

 

 

(169

)

 

 

(162

)

 

 

(336

)

 

 

(332

)

Amortization of actuarial loss

 

 

106

 

 

 

126

 

 

 

212

 

 

 

257

 

Net periodic pension cost

 

$

302

 

 

$

152

 

 

$

554

 

 

$

311

 

Schedule of Change in Fair Value of Plan Assets

The change in the fair value of plan assets for the plans for the two quarters ended June 30, 2023 and July 1, 2022 was as follows:

 

 

 

For the Two Quarters Ended

 

(amounts in thousands)

 

June 30, 2023

 

 

July 1, 2022

 

Fair value of plan assets at beginning of period

 

$

19,723

 

 

$

19,956

 

Return on plan assets

 

 

336

 

 

 

332

 

Contributions

 

 

704

 

 

 

581

 

Benefits paid

 

 

(453

)

 

 

(457

)

Effect of exchange rate changes

 

 

349

 

 

 

(1,615

)

Fair value of plan assets at end of quarter

 

$

20,659

 

 

$

18,797