XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.2
Employee Benefit Plans
 6 Months Ended
Jun. 29, 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 and six months ended June 29, 2025, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $1.3 million, respectively. During the three and six months ended June 30, 2024, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $1.3 million, respectively.
The following tables provide the components of net periodic benefit cost for the three and six months ended June 29, 2025 and June 30, 2024:
Three Months EndedSix Months Ended
Defined Benefit Retirement Plans (Europe)
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Interest cost$1,929 $1,702 $3,742 $3,412 
Expected return on plan assets(2,061)(1,955)(3,999)(3,921)
Amortization of prior service cost47 44 91 89 
Amortization of net actuarial losses398 267 773 536 
Net periodic benefit cost$313 $58 $607 $116 
Three Months EndedSix Months Ended
Salary Continuation PlanJune 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Interest cost$274 $266 $549 $532 
Amortization of net actuarial losses48 60 95 120 
Net periodic benefit cost$322 $326 $644 $652 
Three Months EndedSix Months Ended
nora Defined Benefit Plan
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
(in thousands)
Service cost$111 $124 $214 $250 
Interest cost272 262 525 526 
Amortization of net actuarial gains(90)— (172)— 
Net periodic benefit cost$293 $386 $567 $776 
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.