Pension and Postretirement Benefit Obligations (Tables)

3 Months Ended

Apr. 02, 2021

Retirement Benefits [Abstract]

Components of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost

The components of net periodic pension cost were as follows:

	First Quarter
(in thousands)	2021		2020
Service cost	$	1,863	$	1,659
Interest cost	2,453		2,760
Expected return on plan assets	(3,250)		(3,383)
Recognized net actuarial loss	1,219		1,189
Amortization of prior service cost	1		5
Net periodic pension cost	$	2,286	$	2,230

The components of net periodic postretirement benefit cost were as follows:

	First Quarter
(in thousands)	2021		2020
Service cost	$	403	$	376
Interest cost	447		503
Recognized net actuarial loss	186		88
Net periodic postretirement benefit cost	$	1,036	$	967