Note 10 - Retirement Plans

9 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Retirement Benefits [Text Block]

10. Retirement Plans

The net periodic benefit cost for the Company’s pension plan consisted of (in thousands):

	Three Months Ended						Nine Months Ended
	December 31,			January 1,			December 31,			January 1,
	2022			2022			2022			2022
Service cost including administration	$	1,310		$	2,377		$	6,180		$	7,131
Interest cost		2,193			1,930			6,941			5,791
Expected return on plan assets		(4,027	)		(4,276	)		(12,079	)		(12,829	)
Amortization of prior service cost		22			23			68			68
Amortization of net loss		(205	)		-			-			-
Net periodic benefit cost	$	(707	)	$	54		$	1,110		$	161

There were no pension contributions made during the nine months ended December 31, 2022 and January 1, 2022.