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Deferred Compensation and Other Benefits (Tables)
3 Months Ended
Mar. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Net Periodic Pension Cost

Net periodic pension cost for the quarters ended March 31, 2023 and April 1, 2022 for the plans is as follows:

 

 

For the Quarter Ended

 

(amounts in thousands)

 

March 31, 2023

 

 

April 1, 2022

 

Service cost

 

$

90

 

 

$

109

 

Interest cost

 

 

239

 

 

 

89

 

Expected return on assets

 

 

(167

)

 

 

(170

)

Amortization of actuarial loss

 

 

106

 

 

 

131

 

Net periodic pension cost

 

$

268

 

 

$

159

 

Schedule of Change in Fair Value of Plan Assets

The change in the fair value of plan assets for the plans for the quarters ended March 31, 2023 and April 1, 2022 was as follows:

 

 

 

For the Quarter Ended

 

(amounts in thousands)

 

March 31, 2023

 

 

April 1, 2022

 

Fair value of plan assets at beginning of period

 

$

19,723

 

 

$

19,956

 

Return on plan assets

 

 

167

 

 

 

170

 

Contributions

 

 

313

 

 

 

295

 

Benefits paid

 

 

(218

)

 

 

(258

)

Effect of exchange rate changes

 

 

334

 

 

 

(486

)

Fair value of plan assets at end of quarter

 

$

20,319

 

 

$

19,677