Note 10 - Retirement Plans

6 Months Ended

Oct. 01, 2022

Notes to Financial Statements

Retirement Benefits [Text Block]

10. Retirement Plans

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

	Three Months Ended						Six Months Ended
	October 1,			October 2,			October 1,			October 2,
	2022			2021			2022			2021
Service cost including administration	$	2,435		$	2,560		$	4,870		$	5,121
Interest cost		2,374			1,878			4,748			3,756
Expected return on plan assets		(4,025	)		(4,276	)		(8,051	)		(8,553	)
Amortization of prior service cost		23			23			46			46
Amortization of net loss		102			-			205			-
Net periodic benefit cost	$	909		$	185		$	1,818		$	370

There were no pension contributions made during the six months ended October 1, 2022 and October 2, 2021.