Note 9 - Retirement Plans

9 Months Ended

Dec. 30, 2023

Notes to Financial Statements

Retirement Benefits [Text Block]

9. Retirement Plans

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

	Three Months Ended						Nine Months Ended
	December 30,			December 31,			December 30,			December 31,
	2023			2022			2023			2022
Service cost including administration	$	1,327		$	1,310		$	4,800		$	6,180
Interest cost		2,914			2,193			8,550			6,941
Expected return on plan assets		(4,926	)		(4,027	)		(13,275	)		(12,079	)
Amortization of prior service cost		22			22			60			68
Amortization of net loss		165			(205	)		165			-
Net periodic benefit (income) cost	$	(498	)	$	(707	)	$	300		$	1,110

There were no pension contributions made during the nine months ended December 30, 2023 and December 31, 2022.