Pension and Postretirement Benefit Obligations (Tables)

3 Months Ended

Apr. 01, 2022

Retirement Benefits [Abstract]

Components of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost

The components of net periodic pension cost were as follows:

	First Quarter
(in thousands)	2022		2021
Service cost	$	1,860	$	1,863
Interest cost	2,659		2,453
Expected return on plan assets	(2,035)		(3,250)
Recognized net actuarial loss	989		1,219
Amortization of prior service cost	—		1
Net periodic pension cost	$	3,473	$	2,286

The components of net periodic postretirement benefit cost were as follows:

	First Quarter
(in thousands)	2022		2021
Service cost	$	383	$	403
Interest cost	474		447
Recognized net actuarial loss	92		186
Net periodic postretirement benefit cost	$	949	$	1,036