Note 8 - Retirement Plans

6 Months Ended

Oct. 02, 2021

Notes to Financial Statements

Retirement Benefits [Text Block]

8. Retirement Plans

The net periodic benefit cost for the Company’s pension plan consisted of (in thousands):

	Three Months Ended						Six Months Ended
	October 2,			September 26,			October 2,			September 26,
	2021			2020			2021			2020
Service cost including administration	$	2,560		$	3,259		$	5,121		$	6,519
Interest cost		1,878			2,302			3,756			4,605
Expected return on plan assets		(4,276	)		(3,510	)		(8,553	)		(7,021	)
Amortization of prior service cost		23			23			46			46
Amortization of net loss		-			2,531			-			5,060
Net periodic benefit cost	$	185		$	4,605		$	370		$	9,209

There were no contributions made during the six month periods ended October 2, 2021 and September 26, 2020.