Pension Benefits

6 Months Ended

Jul. 03, 2022

Pension Benefits

Pension Benefits

8.  Pension Benefits

We froze our pension plan effective March 31, 2006, and effective February 16, 2009, the remaining participants in the pension plan no longer earned future benefits. The following summarizes our pension costs during the three and six months ended July 3, 2022, and July 4, 2021:

	Three Months Ended				Six Months Ended
(Amounts in thousands)	July 3, 2022		July 4, 2021		July 3, 2022		July 4, 2021
Service cost	$	300	$	275	$	600	$	550
Interest cost		1,384		1,275		2,768		2,550
Expected return on plan assets		(3,060)		(3,069)		(6,119)		(6,138)
Amortization of net actuarial loss		229		340		458		680
Total net periodic benefit	$	(1,147)	$	(1,179)	$	(2,293)	$	(2,358)

The components of net periodic pension benefit other than the service cost component were included in "Other net periodic pension benefit" in the condensed consolidated statements of operations.

Weighted-Average Assumptions Used To Determine Net Cost

	Three Months Ended				Six Months Ended
	July 3, 2022		July 4, 2021		July 3, 2022		July 4, 2021
Discount rate	2.60	%	2.20	%	2.60	%	2.20	%
Rate of compensation increase	N/A		N/A		N/A		N/A
Expected return on plan assets	5.75	%	5.75	%	5.75	%	5.75	%

Employer Contributions

We did not make any pension contributions during the six month periods ended July 3, 2022 and July 4, 2021.