XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Employee Benefit Plans
 9 Months Ended
Oct. 03, 2021
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
During the three and nine months ended October 3, 2021, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $2.0 million, respectively. During the three and nine months ended October 4, 2020, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $1.9 million, respectively.
The following tables provide the components of net periodic benefit cost for the three and nine months ended October 3, 2021 and October 4, 2020:
Three Months EndedNine Months Ended
Defined Benefit Retirement Plans (Europe)
October 3, 2021October 4, 2020October 3, 2021October 4, 2020
(in thousands)
Interest cost$570 $907 $1,721 $2,668 
Expected return on assets(847)(1,082)(2,556)(3,184)
Amortization of prior service cost28 27 86 79 
Amortization of net actuarial losses402 335 1,215 981 
Net periodic benefit cost$153 $187 $466 $544 
Three Months EndedNine Months Ended
Salary Continuation PlanOctober 3, 2021October 4, 2020October 3, 2021October 4, 2020
(in thousands)
Interest cost$176 $234 $529 $703 
Amortization of net actuarial losses186 140 558 419 
Net periodic benefit cost$362 $374 $1,087 $1,122 
Three Months EndedNine Months Ended
nora Defined Benefit Plan
October 3, 2021October 4, 2020October 3, 2021October 4, 2020
(in thousands)
Service cost$271 $274 $825 $791 
Interest cost101 117 308 338 
Amortization of net actuarial losses89 58 273 168 
Net periodic benefit cost$461 $449 $1,406 $1,297 
In accordance with applicable accounting standards, the service cost component of net periodic benefit costs is presented within operating income (loss) in the consolidated condensed statements of operations, while all other components of net periodic benefit costs are presented within other expense in the consolidated condensed statements of operations.