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Pensions and Other Post-employment Benefits
6 Months Ended
Jun. 27, 2025
Retirement Benefits [Abstract]  
Pensions and Other Post-employment Benefits Pensions and Other Post-employment Benefits
The following is a summary of the net periodic benefit cost for the second quarter and first six months ended June 27, 2025 and June 28, 2024, respectively, for the pension plans as shown below. The Pension Benefits column aggregates defined benefit pension plans in the U.S., Germany, Liechtenstein, England, and the U.S. supplemental retirement plans. The Other Benefits column includes the domestic retiree medical and life insurance plan.
 Pension BenefitsOther Benefits
 Second Quarter EndedSecond Quarter Ended
June 27,June 28,June 27,June 28,
(Thousands)2025202420252024
Components of net periodic benefit (credit) cost
Service cost$308 $266 $11 $12 
Interest cost1,927 1,905 58 58 
Expected return on plan assets(2,532)(2,529) — 
Amortization of prior service (benefit) cost(23)(21) — 
Amortization of net loss (gain)90 32 (88)(87)
Net periodic benefit (credit) cost$(230)$(347)$(19)$(17)
 Pension BenefitsOther Benefits
 Six Months EndedSix Months Ended
June 27,June 28,June 27,June 28,
(Thousands)2025202420252024
Components of net periodic benefit (credit) cost
Service cost$594 $534 $22 $25 
Interest cost3,837 3,812 116 117 
Expected return on plan assets(5,036)(5,059) — 
Amortization of prior service (benefit) cost(44)(42) — 
Amortization of net loss (gain)179 64 (175)(174)
Net periodic benefit (credit) cost$(470)$(691)$(37)$(32)
The Company did not make any contributions to its domestic defined benefit plan in the second quarter or first six months of 2025 or 2024.
The Company reports the service cost component of net periodic benefit cost in the same line item as other compensation costs in operating expenses and the non-service cost components of net periodic benefit cost in Other non-operating (income) expense.