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Pension Benefits (Tables)
6 Months Ended
Jul. 03, 2022
Pension Benefits  
Summary of pension costs

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Three Months Ended

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Six Months Ended

(Amounts in thousands)

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July 3, 2022

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July 4, 2021

    

July 3, 2022

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July 4, 2021

Service cost

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$

300

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$

275

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$

600

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$

550

Interest cost

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1,384

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1,275

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2,768

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2,550

Expected return on plan assets

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(3,060)

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(3,069)

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(6,119)

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(6,138)

Amortization of net actuarial loss

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229

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340

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458

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680

Total net periodic benefit

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$

(1,147)

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$

(1,179)

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$

(2,293)

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$

(2,358)

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

Weighted-Average Assumptions Used To Determine Net Cost

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Three Months Ended

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Six Months Ended

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July 3, 2022

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July 4, 2021

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July 3, 2022

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July 4, 2021

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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

%