Pension plan

3 Months Ended

Sep. 27, 2025

Pension and retirement plan

Pension and retirement plans

8. Pension plan

The Company has a noncontributory defined benefit pension plan that covers substantially all current and some former U.S. employees (the “Plan”). Components of net periodic pension cost for the Plan were as follows:

	First Quarters Ended
	September 27,		September 28,
	2025		2024
	(Thousands)
Service cost within selling, general and administrative expenses	$	2,718	$	2,870
Interest cost		5,742		6,183
Expected return on plan assets		(10,553)		(10,438)
Recognized net actuarial loss and other		2,841		1,286
Net loss recognized due to benefit obligation settlement
Total net periodic pension benefit within other expense, net		(1,970)		(2,969)
Net periodic pension cost (benefit)	$	748	$	(99)

The Company made $4.0 million of contributions during the first quarter of fiscal 2026 and expects to make additional contributions to the Plan of $4.0 million in the remainder of fiscal 2026.