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Employee Benefit Plans
3 Months Ended
Mar. 30, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
The Company has defined benefit and multi-employer pension plans, which are described more fully in Note 19 to the consolidated financial statements included in Item 8 of the Annual Report on Form 10-K for the fiscal year ended December 29, 2024.
During the three-month periods ended March 30, 2025 and March 31, 2024, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.7 million for both periods, respectively.
The following tables provide the components of net periodic benefit cost for the three months ended March 30, 2025 and March 31, 2024:
Three Months Ended
Defined Benefit Retirement Plans (Europe)
March 30, 2025March 31, 2024
(in thousands)
Interest cost$1,813 $1,710 
Expected return on plan assets(1,938)(1,966)
Amortization of prior service cost44 45 
Amortization of net actuarial losses375 269 
Net periodic benefit cost$294 $58 
Three Months Ended
Salary Continuation PlanMarch 30, 2025March 31, 2024
(in thousands)
Interest cost$275 $266 
Amortization of net actuarial losses47 60 
Net periodic benefit cost$322 $326 
Three Months Ended
nora Defined Benefit Plan
March 30, 2025March 31, 2024
(in thousands)
Service cost$103 $126 
Interest cost253 264 
Amortization of net actuarial gains
(82)— 
Net periodic benefit cost$274 $390 
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 (income), net, in the consolidated condensed statements of operations.