Postretirement Plans (Tables)

4 Months Ended

Apr. 22, 2023

Summary of Company's Condensed Consolidated Balance Sheets Related Pension and Other Postretirement Benefit Plan

The following summarizes the company’s Condensed Consolidated Balance Sheets related pension and other postretirement benefit plan accounts at April 22, 2023 compared to accounts at December 31, 2022 (amounts in thousands):

	April 22, 2023			December 31, 2022
Noncurrent benefit asset	$	4,801		$	4,902
Current benefit liability	$	710		$	710
Noncurrent benefit liability	$	5,801		$	5,814
AOCI, net of tax	$	(684	)	$	(625	)

Summary of Total Cost and Employer Contributions

The Flowers Foods, Inc. 401(k) Retirement Savings Plan covers substantially all the company’s employees who have completed certain service requirements. The total cost and employer contributions were as follows (amounts in thousands):

	For the Sixteen Weeks Ended
	April 22, 2023		April 23, 2022
Total cost and employer contributions	$	9,974	$	9,406

Pension plans

Components of Net Periodic Benefit / Cost

The net periodic pension cost for the company’s plans include the following components (amounts in thousands):

	For the Sixteen Weeks Ended
	April 22, 2023			April 23, 2022
Service cost	$	210		$	366
Interest cost		401			272
Expected return on plan assets		(480	)		(577	)
Amortization of prior service cost		18			17
Amortization of net loss		53			142
Total net periodic pension cost	$	202		$	220

Postretirement Benefit Plan

Components of Net Periodic Benefit / Cost

The net periodic postretirement expense for the company includes the following components (amounts in thousands):

	For the Sixteen Weeks Ended
	April 22, 2023			April 23, 2022
Service cost	$	55		$	66
Interest cost		73			34
Amortization of prior service credit		(72	)		(72	)
Amortization of net gain		(76	)		(54	)
Total net periodic postretirement (credit) cost	$	(20	)	$	(26	)