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

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Three Months Ended

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Nine Months Ended

(Amounts in thousands)

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October 2, 2022

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October 3, 2021

    

October 2, 2022

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October 3, 2021

Service cost

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$

300

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$

275

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$

900

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$

825

Interest cost

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1,375

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1,284

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4,143

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3,834

Expected return on plan assets

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(3,060)

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(3,067)

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(9,179)

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(9,205)

Amortization of net actuarial loss

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217

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361

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675

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1,041

Total net periodic benefit

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$

(1,168)

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$

(1,147)

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$

(3,461)

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$

(3,505)

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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Nine Months Ended

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October 2, 2022

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October 3, 2021

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October 2, 2022

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October 3, 2021

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Discount rate

 

2.60

%  

2.20

%

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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

%

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5.75

%  

5.75

%