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Pension Benefits (Tables)
9 Months Ended
Oct. 02, 2022
Pension Benefits  
Summary of pension costs

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)

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

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

%