Pension and Other Postretirement Benefit Plans

3 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefit Plans

Pension and Other Postretirement Benefit Plans

The following table presents the components of net periodic pension benefit recognized in earnings during the three months ended December 31, 2021 and January 1, 2021 (in thousands):

	Three Months Ended
	December 31, 2021		January 1, 2021
Component:
Service cost	$	1,709	$	1,735
Interest cost	13,784		11,785
Expected return on plan assets	(23,263)		(25,427)
Amortization of previously unrecognized items	3,092		4,032
Total net periodic pension benefit recognized	$	(4,678)	$	(7,875)

The service cost component of net periodic pension benefit is presented in the same line item as other compensation costs (direct cost of contracts and selling, general and administrative expenses) and the other components of net periodic pension expense are presented in miscellaneous income (expense), net on the Consolidated Statements of Earnings.

The following table presents certain information regarding the Company’s cash contributions to our pension plans for fiscal 2022 (in thousands):

Cash contributions made during the first three months of fiscal 2022	$	9,488
Cash contributions projected for the remainder of fiscal 2022	26,703
Total	$	36,191