XML 25 R15.htm IDEA: XBRL DOCUMENT v3.23.3
Employee Benefit Plans
 9 Months Ended
Oct. 01, 2023
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
During the three and nine months ended October 1, 2023, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.7 million and $2.0 million, respectively. During the three and nine months ended October 2, 2022, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.5 million and $1.8 million, respectively.
The following tables provide the components of net periodic benefit cost for the three and nine months ended October 1, 2023 and October 2, 2022:
Three Months EndedNine Months Ended
Defined Benefit Retirement Plans (Europe)
October 1, 2023October 2, 2022October 1, 2023October 2, 2022
(in thousands)
Interest cost$1,791 $801 $5,304 $2,574 
Expected return on plan assets(2,030)(924)(6,009)(2,973)
Amortization of prior service cost30 27 89 89 
Amortization of net actuarial losses229 240 680 771 
Net periodic benefit cost$20 $144 $64 $461 
Three Months EndedNine Months Ended
Salary Continuation PlanOctober 1, 2023October 2, 2022October 1, 2023October 2, 2022
(in thousands)
Interest cost$284 $193 $851 $579 
Amortization of net actuarial losses49 139 146 418 
Net periodic benefit cost$333 $332 $997 $997 
Three Months EndedNine Months Ended
nora Defined Benefit Plan
October 1, 2023October 2, 2022October 1, 2023October 2, 2022
(in thousands)
Service cost$116 $200 $345 $636 
Interest cost275 98 822 313 
Amortization of net actuarial (gains) losses(110)44 (330)142 
Net periodic benefit cost$281 $342 $837 $1,091 
In accordance with applicable accounting standards, the service cost component of net periodic benefit costs is presented within operating income in the consolidated condensed statements of operations, while all other components of net periodic benefit costs are presented within other expense, net, in the consolidated condensed statements of operations.