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Retirement Benefit Plans (Tables)
6 Months Ended
Jul. 02, 2022
Retirement Benefit Plans  
Schedule Of Significant Disclosures Relating To Benefit Plans

 

 

Pension Benefits

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 2, 2022

 

 

July 3, 2021

 

 

July 2, 2022

 

 

July 3, 2021

 

Service cost

 

$269,743

 

 

$271,835

 

 

$539,487

 

 

$543,668

 

Interest cost

 

 

608,191

 

 

 

504,254

 

 

 

1,216,380

 

 

 

1,008,509

 

Expected return on plan assets

 

 

(1,460,661)

 

 

(1,448,675)

 

 

(2,921,322)

 

 

(2,897,349)

Amortization of prior service cost

 

 

16,563

 

 

 

24,845

 

 

 

33,126

 

 

 

49,690

 

Amortization of the net loss

 

 

390,075

 

 

 

432,536

 

 

 

780,150

 

 

 

865,075

 

Net periodic benefit

 

$(176,089)

 

$(215,205)

 

$(352,179)

 

$(430,407)

 

 

Other Postretirement Benefits

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 2, 2022

 

 

July 3, 2021

 

 

July 2, 2022

 

 

July 3, 2021

 

Service cost

 

 

13,323

 

 

 

13,626

 

 

 

26,646

 

 

 

27,252

 

Interest cost

 

 

10,988

 

 

 

9,842

 

 

 

21,976

 

 

 

19,684

 

Expected return on plan assets

 

 

(4,400)

 

 

(6,420)

 

 

(8,800)

 

 

(12,840)

Amortization of prior service cost

 

 

1,060

 

 

 

 

 

 

2,120

 

 

 

 

Amortization of the net loss

 

 

(2,054)

 

 

(3,094)

 

 

(4,108)

 

 

(6,188)

Net periodic benefit cost

 

$18,917

 

 

$13,954

 

 

$37,834

 

 

$27,908

 

Schedule Of Defined Contribution Plan

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 2, 2022

 

 

July 3, 2021

 

 

July 2, 2022

 

 

July 3, 2021

 

Regular matching contribution

 

$161,714

 

 

$144,081

 

 

$372,654

 

 

$297,397

 

Transitional credit contribution

 

 

28,179

 

 

 

33,102

 

 

 

79,742

 

 

 

75,870

 

Non-discretionary contribution

 

 

16,769

 

 

 

14,895

 

 

 

360,146

 

 

 

362,484

 

Total contributions for the period

 

$206,662

 

 

$192,078

 

 

$812,542

 

 

$735,751