Postretirement Plans (Tables)

4 Months Ended

Apr. 20, 2024

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 20, 2024 compared to accounts at December 30, 2023 (amounts in thousands):

	April 20, 2024			December 30, 2023
Noncurrent benefit asset	$	6,428		$	6,494
Current benefit liability	$	699		$	699
Noncurrent benefit liability	$	5,700		$	5,798
AOCI, net of tax	$	(415	)	$	(342	)

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 20, 2024		April 22, 2023
Total cost and employer contributions	$	10,520	$	9,974

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 20, 2024			April 22, 2023
Service cost	$	224		$	210
Interest cost		362			401
Expected return on plan assets		(494	)		(480	)
Amortization of prior service cost		18			18
Amortization of net loss		13			53
Total net periodic pension cost	$	123		$	202

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 20, 2024			April 22, 2023
Service cost	$	56		$	55
Interest cost		70			73
Amortization of prior service credit		(72	)		(72	)
Amortization of net gain		(55	)		(76	)
Total net periodic postretirement credit	$	(1	)	$	(20	)