Note 13 - Employee Benefit Plans

6 Months Ended

Jul. 03, 2022

Notes to Financial Statements

Retirement Benefits [Text Block]

(13) Employee Benefit Plans

Pension expense (benefit) consisted of the following (in thousands):

	Three Months Ended						Six Months Ended
	July 3,			July 4,			July 3,			July 4,
	2022			2021			2022			2021
	(Unaudited)						(Unaudited)
Service cost	$	1		$	1		$	2		$	2
Interest cost on projected benefit obligation		226			116			420			387
Net amortizations, deferrals and other costs		127			148			280			306
Expected return on plan assets		(221	)		(136	)		(409	)		(378	)
Net periodic benefit cost	$	133		$	129		$	293		$	317

The net periodic benefit cost of the defined benefit pension plans incurred during the three and six-month periods ended July 3, 2022 and July 4, 2021 are reflected in the following captions in the accompanying consolidated statements of operations (in thousands):

	Three Months Ended				Six Months Ended
	July 3,		July 4,		July 3,		July 4,
	2022		2021		2022		2021
	(Unaudited)				(Unaudited)
Service cost:
Selling, general and administrative expenses	$	1	$	1	$	2	$	2
Other net periodic benefit costs:
Other expense (income), net		132		128		291		315
Total	$	133	$	129	$	293	$	317