Postretirement Plans (Tables)

9 Months Ended

Oct. 03, 2020

Summary of Company's Balance Sheet Related Pension and Other Postretirement Benefit Plan

The following summarizes the company’s balance sheet related pension and other postretirement benefit plan accounts at October 3, 2020 compared to accounts at December 28, 2019 (amounts in thousands):

	October 3, 2020		December 28, 2019
Noncurrent asset	$	2,467	$	-
Current liability	$	926	$	29,380
Noncurrent liability	$	9,009	$	14,328
Accumulated other comprehensive loss, net of tax	$	4,060	$	107,678

Summary of Total Cost and Employer Contributions

The total cost and employer contributions were as follows (amounts in thousands):

	For the Twelve Weeks Ended				For the Forty Weeks Ended
	October 3, 2020		October 5, 2019		October 3, 2020		October 5, 2019
Total cost and employer contributions	$	6,355	$	6,264	$	21,577	$	21,137

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 Twelve Weeks Ended						For the Forty Weeks Ended
	October 3, 2020			October 5, 2019			October 3, 2020			October 5, 2019
Service cost	$	195		$	162		$	657		$	541
Interest cost		229			2,753			1,880			9,177
Expected return on plan assets		(414	)		(3,957	)		(3,518	)		(13,190	)
Settlement and curtailment (gain) loss		(7,153	)		—			109,054			—
Amortization of prior service cost		13			89			101			297
Amortization of net loss		126			1,637			1,619			5,460
Total net periodic pension cost	$	(7,004	)	$	684		$	109,793		$	2,285

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 Twelve Weeks Ended						For the Forty Weeks Ended
	October 3, 2020			October 5, 2019			October 3, 2020			October 5, 2019
Service cost	$	65		$	65		$	217		$	217
Interest cost		45			69			151			229
Amortization of prior service credit		(1	)		(9	)		(3	)		(32	)
Amortization of net gain		(69	)		(63	)		(230	)		(212	)
Total net periodic postretirement cost	$	40		$	62		$	135		$	202