Benefit Plans

3 Months Ended

Apr. 01, 2023

Retirement Benefits [Abstract]

Benefit Plans

Benefit Plans

The Company sponsors several qualified and nonqualified pension plans and other postretirement benefit plans for certain of its employees.  The components of net periodic benefit cost (income) are as follows:

	For the Quarter Ended
(In thousands)	April 1, 2023		March 26, 2022
Pension benefits:
Interest cost	$	594	$	394
Expected return on plan assets	(841)		(967)
Amortization of net loss	—		244
Net periodic benefit income	$	(247)	$	(329)
Other benefits:
Service cost	$	51	$	72
Interest cost	128		103
Amortization of prior service credit	(1)		(118)
Amortization of net gain	(97)		(58)
Net periodic benefit cost (income)	$	81	$	(1)

The components of net periodic benefit cost (income) other than the service cost component are included in other income, net in the Condensed Consolidated Statements of Income.