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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 28, 2025
Retirement Benefits [Abstract]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
The tables presented below set forth the funded status of the Company’s significant foreign defined benefit plans:
 
 Fiscal Year
 20252024
 (in thousands)
Change in benefit obligation:  
Benefit obligation, beginning of year$200,888 $214,428 
Service cost443 500 
Interest cost8,701 7,933 
Benefits and expenses paid(12,224)(10,709)
Actuarial gain
(11,184)(4,321)
Currency translation adjustment19,390 (6,943)
Benefit obligation, end of year$206,014 $200,888 
 
Change in plan assets:  
Plan assets, beginning of year$181,153 $199,348 
Actual return on assets(1,298)(5,144)
Company contributions1,563 2,626 
Benefits paid(12,224)(10,709)
Currency translation adjustment16,108 (4,968)
Plan assets, end of year$185,302 $181,153 
 
Funded status $(20,712)$(19,735)
 
Amounts recognized in consolidated balance sheets:
Other assets $14,778 $15,465 
Current liabilities(1,361)(1,170)
Other long-term liabilities, net of current portion(34,129)(34,030)
Under-funded status at end of fiscal year$(20,712)$(19,735)
Amounts recognized in accumulated other comprehensive loss, after tax:  
Unrecognized actuarial loss$35,314 $36,323 
Total amount recognized, end of year$35,314 $36,323 
 
Accumulated benefit obligation$206,014 $200,888 
The following table summarizes this information as of December 28, 2025 and December 29, 2024.
 
 End of Fiscal Year
 20252024
 (in thousands)
UK Plan  
Projected benefit obligation$111,878 $106,865 
Accumulated benefit obligation111,878 106,865 
Plan assets126,656 122,330 
 
Dutch Plan
  
Projected benefit obligation$63,309 $63,938 
Accumulated benefit obligation63,309 63,938 
Plan assets58,646 58,823 
 
nora Plan  
Projected benefit obligation$30,827 $30,085 
Accumulated benefit obligation30,827 30,085 
Plan assets— — 
The tables presented below set forth the required disclosures in accordance with applicable accounting standards, and amounts recognized in the consolidated financial statements related to the domestic SCP. There is no service cost component in the change in benefit obligation in 2025 and 2024 as there are no longer any participants accruing benefits in the plan.
 
 Fiscal Year
 20252024
 (in thousands)
Change in benefit obligation:  
Benefit obligation, beginning of year$21,065 $22,659 
Interest cost1,098 1,065 
Benefits paid(1,874)(1,872)
Actuarial loss (gain)919 (787)
Benefit obligation, end of year$21,208 $21,065 
Schedule of Net Periodic Benefit Cost
 Fiscal Year
 202520242023
 (in thousands)
Components of net periodic benefit cost:   
Service cost$443 $500 $458 
Interest cost8,701 7,933 8,169 
Expected return on plan assets(7,847)(7,858)(7,933)
Amortization of prior service cost186 180 137 
Amortization of net actuarial losses1,223 1,080 468 
Net periodic benefit cost$2,706 $1,835 $1,299 
Schedule of Assumptions Used to Determine Net Periodic Benefit Cost
 Fiscal Year
 202520242023
Weighted average assumptions used to determine net periodic benefit cost:   
Discount rate4.3 %3.9 %4.1 %
Expected return on plan assets5.1 %4.6 %4.6 %
Weighted average assumptions used to determine benefit obligations:   
Discount rate4.8 %4.7 %4.1 %
The accumulated benefit obligation related to the SCP was $21.2 million at December 28, 2025, and $21.1 million at December 29, 2024. The SCP is currently unfunded; as such, the benefit obligations disclosed are also the benefit obligations in excess of the plan assets. The Company uses insurance instruments to help limit its exposure under the SCP.
Fiscal Year
 202520242023
 (in thousands, except for assumptions)
Assumptions used to determine net periodic benefit cost:   
Discount rate5.45 %4.90 %5.20 %
 
Assumptions used to determine benefit obligations:   
Discount rate5.05 %5.45 %4.90 %
 
Components of net periodic benefit cost:   
Interest cost$1,098 $1,065 $1,134 
Amortization of actuarial losses189 239 195 
Net periodic benefit cost$1,287 $1,304 $1,329 
Schedule of Allocation of Plan Assets
The Company’s actual weighted average asset allocations for 2025 and 2024, and the targeted asset allocation for 2026, of the foreign defined benefit plans by asset category, are as follows:
 
 Fiscal Year
 202620252024
Asset CategoryTarget AllocationPercentage of Plan Assets at Year End
Debt and debt securities65%70%60%58%
Short-term investments—%2%8%9%
Other investments30%35%32%33%
 100%100%100%
As noted above, the Dutch Plan assets as represented by the insurance contract are classified as a level 3 asset and included in the “Other” asset category.
 Pension Plan Assets by Category as of December 28, 2025
 Dutch PlanUK PlanTotal
 (in thousands)
Level 1$— $14,131 $14,131 
Level 2— 108,107 108,107 
Level 358,646 4,418 63,064 
Total$58,646 $126,656 $185,302 
 
 Pension Plan Assets by Category as of December 29, 2024
 Dutch PlanUK PlanTotal
 (in thousands)
Level 1$— $16,182 $16,182 
Level 2— 90,330 90,330 
Level 358,823 15,818 74,641 
Total$58,823 $122,330 $181,153 
The tables below detail the foreign defined benefit plans’ assets by asset allocation and fair value hierarchy:
 
 End of Fiscal Year 2025
Asset CategoryLevel 1Level 2Level 3
 (in thousands) 
Debt and debt securities$— $108,107 $3,496 
Short-term investments (1)
14,131 — — 
Other investments (2)
— — 59,568 
 $14,131 $108,107 $63,064 
 
 End of Fiscal Year 2024
Asset CategoryLevel 1Level 2Level 3
 (in thousands)
Debt and debt securities$— $90,330 $14,950 
Short-term investments (1)
16,182 — — 
Other investments (2)
— — 59,691 
 $16,182 $90,330 $74,641 
(1) Short-term investments are generally invested in interest-bearing accounts.
(2) Other investments are comprised of insurance contracts.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The table below indicates the change in value related to these level 3 assets during 2025 and 2024:

Fiscal Year
 20252024
 (in thousands)
Balance of level 3 assets, beginning of year$74,641 $90,916 
Actual return on plan assets (1)
(7,363)(2,463)
Purchases, sales and settlements, net(12,356)(10,138)
Currency translation adjustment8,142 (3,674)
Balance of level 3 assets, end of year$63,064 $74,641 

(1) Includes $5.8 million and $2.1 million for 2025 and 2024, respectively, of unrealized losses recognized during the period in other comprehensive income for assets held at year end.
Schedule of Expected Future Benefit Payments
During 2026, the Company expects to contribute $1.8 million to the foreign defined benefit plans. It is anticipated that future benefit payments for the foreign defined benefit plans will be as follows:
 
Fiscal YearExpected Payments
 (in thousands)
2026$13,191 
202713,228 
202813,285 
202913,539 
203013,777 
2031-2035
69,224 
During 2025, the Company contributed $1.9 million in the form of direct benefit payments for its domestic SCP. It is anticipated that future benefit payments for the SCP will be as follows:
 
Fiscal YearExpected Payments
 (in thousands)
2026$1,873 
20271,873 
20281,873 
20291,867 
20301,835 
2031-20358,531 
Schedule of Amounts Recognized in Consolidated Balance Sheet and Accumulated Other Comprehensive Loss
The amounts recognized in the consolidated balance sheets are as follows:
 
End of Fiscal Year
 20252024
 (in thousands)
Current liabilities$1,873 $1,873 
Non-current liabilities19,335 19,192 
Total benefit obligation$21,208 $21,065 
The components of the amounts in accumulated other comprehensive loss, after tax, are as follows:
 
Fiscal Year
 20252024
 (in thousands)
Unrecognized actuarial loss$3,986 $3,428