Postretirement Plans (Tables)

6 Months Ended

Jul. 17, 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 July 17, 2021 compared to accounts at January 2, 2021 (amounts in thousands):

	July 17, 2021		January 2, 2021
Current liability	$	874	$	874
Noncurrent liability	$	9,693	$	10,049
Accumulated other comprehensive loss, net of tax	$	6,411	$	6,648

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 Twenty-Eight Weeks Ended
	July 17, 2021		July 11, 2020		July 17, 2021		July 11, 2020
Total cost and employer contributions	$	6,219	$	6,593	$	15,355	$	15,222

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 Twenty-Eight Weeks Ended
	July 17, 2021			July 11, 2020			July 17, 2021			July 11, 2020
Service cost	$	224		$	197		$	523		$	462
Interest cost		175			228			408			1,651
Expected return on plan assets		(431	)		(415	)		(1,006	)		(3,104	)
Settlement and curtailment loss		—			—			—			116,207
Amortization of prior service cost		13			13			31			88
Amortization of net loss		171			126			400			1,493
Total net periodic pension cost	$	152		$	149		$	356		$	116,797

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 Twenty-Eight Weeks Ended
	July 17, 2021			July 11, 2020			July 17, 2021			July 11, 2020
Service cost	$	78		$	65		$	181		$	152
Interest cost		28			46			64			106
Amortization of prior service credit		(1	)		(1	)		(2	)		(2	)
Amortization of net gain		(48	)		(69	)		(113	)		(161	)
Total net periodic postretirement cost	$	57		$	41		$	130		$	95