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Deferred Compensation and Other Benefits (Tables)
6 Months Ended
Jul. 01, 2022
Compensation And Retirement Disclosure [Abstract]  
Schedule of Net Periodic Pension Cost

Net periodic pension cost for the quarter and two quarters ended July 1, 2022 and July 2, 2021 for the plans is as follows:

 

 

 

For the Quarter Ended

 

 

For the Two Quarters Ended

 

(amounts in thousands)

 

July 1, 2022

 

 

July 2, 2021

 

 

July 1, 2022

 

 

July 2, 2021

 

Service cost

 

$

104

 

 

$

127

 

 

$

213

 

 

$

254

 

Interest cost

 

 

84

 

 

 

49

 

 

 

173

 

 

 

100

 

Expected return on assets

 

 

(162

)

 

 

(178

)

 

 

(332

)

 

 

(357

)

Amortization of actuarial loss

 

 

126

 

 

 

125

 

 

 

257

 

 

 

250

 

Net periodic pension cost

 

$

152

 

 

$

123

 

 

$

311

 

 

$

247

 

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 July 1, 2022 and July 2, 2021 was as follows:

 

 

For the Two Quarters Ended

 

(amounts in thousands)

 

July 1, 2022

 

 

July 2, 2021

 

Fair value of plan assets at beginning of period

 

$

19,956

 

 

$

20,654

 

Return on plan assets

 

 

332

 

 

 

357

 

Contributions

 

 

581

 

 

 

596

 

Benefits paid

 

 

(457

)

 

 

(451

)

Effect of exchange rate changes

 

 

(1,615

)

 

 

(713

)

Fair value of plan assets at end of quarter

 

$

18,797

 

 

$

20,443