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Employee Benefit Plans
9 Months Ended
Sep. 29, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
During the three and nine months ended September 29, 2024, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.8 million and $2.1 million, respectively. 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.
The following tables provide the components of net periodic benefit cost for the three and nine months ended September 29, 2024 and October 1, 2023:
Three Months EndedNine Months Ended
Defined Benefit Retirement Plans (Europe)
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
(in thousands)
Interest cost$1,746 $1,791 $5,158 $5,304 
Expected return on plan assets(2,009)(2,030)(5,930)(6,009)
Amortization of prior service cost46 30 135 89 
Amortization of net actuarial losses274 229 810 680 
Net periodic benefit cost$57 $20 $173 $64 
Three Months EndedNine Months Ended
Salary Continuation PlanSeptember 29, 2024October 1, 2023September 29, 2024October 1, 2023
(in thousands)
Interest cost$267 $284 $799 $851 
Amortization of net actuarial losses59 49 179 146 
Net periodic benefit cost$326 $333 $978 $997 
Three Months EndedNine Months Ended
nora Defined Benefit Plan
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
(in thousands)
Service cost$126 $116 $376 $345 
Interest cost268 275 794 822 
Amortization of net actuarial gains
— (110)— (330)
Net periodic benefit cost$394 $281 $1,170 $837 
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.