Pension and Other Postretirement Obligations

6 Months Ended

Jul. 04, 2021

Retirement Benefits [Abstract]

Pension and Other Postretirement Obligations

Pension and Other Postretirement Obligations

The following table provides the components of net periodic benefit costs for our pension and other postretirement benefit plans: 

	Pension Obligations				Other Postretirement Obligations
Three Months Ended	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
	(In thousands)
Service cost	$	1,155	$	892	$	9	$	8
Interest cost	1,897		2,410		186		195
Expected return on plan assets	(4,527)		(4,004)		—		—
Amortization of prior service cost	28		45		—		—
Actuarial losses (gains)	976		673		(5)		(19)
Net periodic benefit cost (benefit)	$	(471)	$	16	$	190	$	184

	Pension Obligations				Other Postretirement Obligations
Six Months Ended	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
	(In thousands)
Service cost	$	2,041	$	1,824	$	18	$	16
Interest cost	3,703		4,747		363		397
Expected return on plan assets	(8,195)		(7,944)		—		—
Amortization of prior service cost	56		89		—		—
Actuarial losses (gains)	1,955		1,350		(11)		(38)
Net periodic benefit cost (benefit)	$	(440)	$	66	$	370	$	375