Pension plan

6 Months Ended

Dec. 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:

	Second Quarters Ended				Six Months Ended
	December 27,		December 28,		December 27,		December 28,
	2025		2024		2025		2024
	(Thousands)
Service cost within selling, general and administrative expenses	$	2,719	$	2,870	$	5,437	$	5,740
Interest cost		5,741		6,183		11,483		12,366
Expected return on plan assets		(10,553)		(10,439)		(21,106)		(20,877)
Recognized net actuarial loss and other		2,841		1,287		5,682		2,573
Total net periodic pension benefit within other income (expense), net		(1,971)		(2,969)		(3,941)		(5,938)
Net periodic pension cost (benefit)	$	748	$	(99)	$	1,496	$	(198)

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