Pension Benefits (Tables)

6 Months Ended

Jul. 02, 2022

Pension Benefits

Schedule of components of net periodic pension costs

Net periodic pension cost for our four company-sponsored defined benefit pension plans for the second quarter and first two quarters of 2022 and 2021 includes the following components (in thousands):

	Thirteen Weeks Ended				Twenty-six Weeks Ended
	July 2,		July 3,		July 2,		July 3,
	2022		2021		2022		2021
Service cost—benefits earned during the period	$	2,192	$	2,603	$	4,488	$	5,229
Interest cost on projected benefit obligation		1,365		1,208		2,736		2,433
Expected return on plan assets		(3,236)		(2,727)		(6,473)		(5,484)
Amortization of unrecognized loss		26		403		54		845
Net periodic pension cost	$	347	$	1,487	$	805	$	3,023