Employee Benefit Plans

9 Months Ended

Sep. 26, 2020

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The components of net periodic pension expense were as follows:

	(In thousands)				(In thousands)
	Three Months Ended				Nine Months Ended
	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Service cost	$	155	$	126	$	466	$	377
Interest cost	302		347		907		1,041
Expected return on plan assets	(440)		(411)		(1,321)		(1,233)
Amortization of actuarial losses	248		221		744		664
Net periodic pension cost	$	265	$	283	$	796	$	849

The components of the reclassifications of net actuarial losses from accumulated other comprehensive loss to net income for the three and nine months ended September 26, 2020 were as follows:

	(In thousands)
	Three Months Ended		Nine Months Ended
	September 26, 2020		September 26, 2020
Amortization of actuarial losses - total before tax (1)	$	248	$	744
Tax benefit	(59)		(177)
Net of tax	$	189	$	567

(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.