Postretirement Plans (Tables)

4 Months Ended

Apr. 24, 2021

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

The following summarizes the company’s condensed balance sheet related pension and other postretirement benefit plan accounts at April 24, 2021 compared to accounts at January 2, 2021 (amounts in thousands):

	April 24, 2021		January 2, 2021
Current liability	$	874	$	874
Noncurrent liability	$	10,018	$	10,049
Accumulated other comprehensive loss, net of tax	$	6,512		6,648

Summary of Total Cost and Employer Contributions

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

	For the Sixteen Weeks Ended
	April 24, 2021		April 18, 2020
Total cost and employer contributions	$	9,136	$	8,629

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 24, 2021			April 18, 2020
Service cost	$	299		$	265
Interest cost		233			1,423
Expected return on plan assets		(575	)		(2,689	)
Settlement and curtailment loss		—			116,207
Amortization of prior service cost		18			75
Amortization of net loss		229			1,367
Total net periodic pension cost	$	204		$	116,648

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 24, 2021			April 18, 2020
Service cost	$	103		$	87
Interest cost		36			60
Amortization of prior service credit		(1	)		(1	)
Amortization of net gain		(65	)		(92	)
Total net periodic postretirement cost	$	73		$	54