Benefit Plans

6 Months Ended

Jul. 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				For the Six Months Ended
(In thousands)	July 1, 2023		June 25, 2022		July 1, 2023		June 25, 2022
Pension benefits:
Interest cost	$	595	$	393	$	1,189	$	787
Expected return on plan assets	(842)		(967)		(1,683)		(1,934)
Amortization of net loss	—		243		—		487
Net periodic benefit income	$	(247)	$	(331)	$	(494)	$	(660)
Other benefits:
Service cost	$	50	$	72	$	101	$	144
Interest cost	128		103		256		206
Amortization of prior service cost (credit)	—		(79)		(1)		(197)
Amortization of net gain	(99)		(60)		(196)		(118)
Curtailment gain	—		$	(1,756)	—		$	(1,756)
Net periodic benefit cost (income)	$	79	$	(1,720)	$	160	$	(1,721)

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.