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Pension Benefits (Tables)
6 Months Ended
Jul. 04, 2021
Pension Benefits  
Summary of pension costs

Three Months Ended

Six Months Ended

(Amounts in thousands)

July 4, 2021

June 30, 2020

    

July 4, 2021

June 30, 2020

Service cost

$

275

$

325

$

550

$

650

Interest cost

 

1,275

 

1,622

 

2,550

 

3,245

Expected return on plan assets

 

(3,069)

 

(3,279)

 

(6,138)

 

(6,558)

Amortization of net actuarial loss

 

340

 

258

 

680

 

515

Total net periodic benefit

$

(1,179)

$

(1,074)

$

(2,358)

$

(2,148)

Schedule of weighted average assumptions used to determine benefit obligations and net cost

Weighted-Average Assumptions Used To Determine Net Cost

Three Months Ended

Six Months Ended

July 4, 2021

June 30, 2020

July 4, 2021

June 30, 2020

Discount rate

 

2.20

%  

3.00

2.20

%  

3.00

%

Rate of compensation increase

 

N/A

 

N/A

 

N/A

 

N/A

 

Expected return on plan assets

 

5.75

%  

6.50

5.75

%  

6.50

%