Pension Benefits

9 Months Ended

Oct. 02, 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 nine months ended October 2, 2022, and October 3, 2021:

	Three Months Ended				Nine Months Ended
(Amounts in thousands)	October 2, 2022		October 3, 2021		October 2, 2022		October 3, 2021
Service cost	$	300	$	275	$	900	$	825
Interest cost		1,375		1,284		4,143		3,834
Expected return on plan assets		(3,060)		(3,067)		(9,179)		(9,205)
Amortization of net actuarial loss		217		361		675		1,041
Total net periodic benefit	$	(1,168)	$	(1,147)	$	(3,461)	$	(3,505)

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				Nine Months Ended
	October 2, 2022		October 3, 2021		October 2, 2022		October 3, 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 three month or nine month periods ended October 2, 2022 and October 3, 2021.