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Employee Benefit Plans
3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
During the three-month periods ended March 31, 2024 and April 2, 2023, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.7 million and $0.6 million, respectively.
The following tables provide the components of net periodic benefit cost for the three months ended March 31, 2024 and April 2, 2023:
Three Months Ended
Defined Benefit Retirement Plans (Europe)
March 31, 2024April 2, 2023
(in thousands)
Interest cost$1,710 $1,735 
Expected return on plan assets(1,966)(1,964)
Amortization of prior service cost45 29 
Amortization of net actuarial losses269 223 
Net periodic benefit cost$58 $23 
Three Months Ended
Salary Continuation PlanMarch 31, 2024April 2, 2023
(in thousands)
Interest cost$266 $283 
Amortization of net actuarial losses60 49 
Net periodic benefit cost$326 $332 
Three Months Ended
nora Defined Benefit Plan
March 31, 2024April 2, 2023
(in thousands)
Service cost$126 $114 
Interest cost264 272 
Amortization of net actuarial gains
— (109)
Net periodic benefit cost$390 $277 
In accordance with applicable accounting standards, the service cost component of net periodic benefit costs is presented within operating income in the consolidated condensed statements of operations, while all other components of net periodic benefit costs are presented within other (income) expense, net, in the consolidated condensed statements of operations.