Pension plan

3 Months Ended

Oct. 03, 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:

	First Quarters Ended
	October 3,		September 27,
	2026		2025
	(Thousands)
Service cost within selling, general and administrative expenses	$	2,626	$	2,718
Interest cost		5,766		5,742
Expected return on plan assets		(9,828)		(10,553)
Recognized net actuarial loss and other		4,367		2,841
Total net periodic pension cost (benefit) within other expense, net		305		(1,970)
Net periodic pension cost	$	2,931	$	748

The Company made $4.0 million contributions during the first quarter of fiscal 2027 and expects to make additional contributions to the Plan of $4.0 million in the remainder of fiscal 2027.