Employee Benefit Plans

3 Months Ended

Mar. 28, 2020

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The components of net periodic pension expense were as follows:

	(In thousands)
	Three Months Ended
	March 28, 2020		March 30, 2019
Service cost	$	155	$	126
Interest cost	302		347
Expected return on plan assets	(440)		(411)
Amortization of actuarial losses	249		221
Net periodic pension cost	$	266	$	283

The components of the reclassifications of net actuarial losses from accumulated other comprehensive loss to net income for the three months ended March 28, 2020 were as follows:

	(In thousands)
	Three Months Ended
	March 28, 2020
Amortization of actuarial losses - total before tax (1)	$	249
Tax benefit	(59)
Net of tax	$	190

(1)The amortization expense is included in the computation of periodic pension cost and is a decrease to net income upon reclassification from accumulated other comprehensive loss.