Pension plan

9 Months Ended

Mar. 28, 2026

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:

	Third Quarters Ended				Nine Months Ended
	March 28,		March 29,		March 28,		March 29,
	2026		2025		2026		2025
	(Thousands)
Service cost within selling, general and administrative expenses	$	2,718	$	2,870	$	8,155	$	8,610
Interest cost		5,742		6,183		17,225		18,549
Expected return on plan assets		(10,553)		(10,438)		(31,659)		(31,315)
Recognized net actuarial loss and other		2,841		1,286		8,523		3,859
Total net periodic pension benefit within other expense, net		(1,970)		(2,969)		(5,911)		(8,907)
Net periodic pension cost (benefit)	$	748	$	(99)	$	2,244	$	(297)

The Company made $6.0 million of contributions during the first nine months of fiscal 2026 and expects to make additional contributions to the Plan of $2.0 million in the fourth quarter of fiscal 2026.