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Pension and Other Postretirement Benefits
6 Months Ended
Jun. 26, 2022
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits PENSION AND OTHER POSTRETIREMENT BENEFITS
Pension
Single-Employer Plans
We maintain The New York Times Companies Pension Plan, a frozen single-employer defined benefit pension plan. The Company also jointly sponsors a defined benefit plan with The NewsGuild of New York known as the Guild-Times Adjustable Pension Plan (the “APP”) that continues to accrue active benefits.
We also have a foreign-based pension plan for certain employees (the “foreign plan”). The information for the foreign plan is combined with the information for U.S. non-qualified plans. The benefit obligation of the foreign plan is immaterial to our total benefit obligation.
The components of net periodic pension cost were as follows:
For the Quarters Ended
 June 26, 2022June 27, 2021
(In thousands)Qualified
Plans
Non-
Qualified
Plans
All
Plans
Qualified
Plans
Non-
Qualified
Plans
All
Plans
Service cost$2,882 $— $2,882 $2,276 $— $2,276 
Interest cost 8,837 1,284 10,121 7,629 1,088 8,717 
Expected return on plan assets (13,807)— (13,807)(12,678)— (12,678)
Amortization of actuarial loss 3,266 1,643 4,909 5,057 1,822 6,879 
Amortization of prior service credit (486)— (486)(486)— (486)
Net periodic pension cost$692 $2,927 $3,619 $1,798 $2,910 $4,708 
For the Six Months Ended
 June 26, 2022June 27, 2021
(In thousands)Qualified
Plans
Non-
Qualified
Plans
All
Plans
Qualified
Plans
Non-
Qualified
Plans
All
Plans
Service cost$5,763 $— $5,763 $4,552 $— $4,552 
Interest cost 17,675 2,568 20,243 15,258 2,176 17,434 
Expected return on plan assets (27,615)— (27,615)(25,355)— (25,355)
Amortization of actuarial loss 6,532 3,287 9,819 10,113 3,642 13,755 
Amortization of prior service credit (972)— (972)(972)— (972)
Net periodic pension cost$1,383 $5,855 $7,238 $3,596 $5,818 $9,414 
During the first six months of 2022 and 2021, we made pension contributions of $5.1 million and $4.2 million, respectively, to the APP. We expect to make contractual contributions in 2022 of approximately $10 million, which more than satisfy minimum funding requirements.
Other Postretirement Benefits
The components of net periodic postretirement benefit cost were as follows:
For the Quarters EndedFor the Six Months Ended
(In thousands)June 26, 2022June 27, 2021June 26, 2022June 27, 2021
Service cost$11 $13 $23 $26 
Interest cost 183 141 365 282 
Amortization of actuarial loss 823 852 1,647 1,704 
Amortization of prior service credit (132)(836)(368)(1,672)
Net periodic postretirement benefit cost$885 $170 $1,667 $340