Pension Plans

3 Months Ended

Apr. 01, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Compensation and Employee Benefit Plans

PENSION PLANS

Components of net pension cost for the Qualified Pension Plan and Supplemental Employees’ Retirement Plan ("SERP") were as follows:

	For the Three Months Ended
	Qualified Pension Plan				SERP
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
In thousands
Service cost	$	800	$	1,300	$	—	$	—
Interest cost on projected benefit obligation	4,250		3,525		22		15
Expected return on plan assets	(10,525)		(11,275)		—		—
Amortization of net loss	975		1,075		15		17
Net pension (income) cost	$	(4,500)	$	(5,375)	$	37	$	32

No contributions are expected to be made to the qualified pension plan during 2022. The Company contributed $0.1 million to the SERP through the end of the first quarter of 2022 and plans to contribute an additional $0.4 million to the SERP in 2022. For the 2021 plan year, the Company contributed $10.0 million to the qualified pension plan and $2.7 million to the SERP.