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Employee Future Benefits (Tables)

12 Months Ended

Dec. 29, 2019

Defined Benefit Plan Disclosure [Line Items]

As of December 29, 2019, the estimated future benefit payments from the U.S. and U.K. defined benefit pension plans for the following future periods are set forth as follows:



(In thousands)	Expected Future Benefit Payments
Fiscal year:
2020	$	5,356
2021	5,632
2022	5,753
2023	5,867
2024	5,975
2025 through 2029	30,620
Total estimated future benefit payments	$	59,203

UNITED STATES | Pension Plan

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

Information about the U.S. defined benefit pension plan is as follows for the periods indicated:



	Year Ended
(In thousands)	December 29, 2019			December 30, 2018			December 31, 2017
Components of net periodic benefit cost:
Service cost	$	548		$	670		$	811
Interest cost	3,423			3,322			3,421
Expected return on assets	(5,723		)	(6,253		)	(5,852		)
Amortization of actuarial net losses	1,521			1,149			1,113
Settlement loss	5,651			—			—
Net pension expense (benefit)	$	5,420		$	(1,112	)	$	(507	)

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

Information with respect to the assets, liabilities and net accrued benefit obligation of the U.S. defined benefit pension plan is set forth as follows for the periods indicated:



	Year Ended
(In thousands)	December 29, 2019			December 30, 2018
Pension assets:
Fair value of plan assets, beginning of year	$	86,992		$	92,716
Company contributions	5,000			5,000
Actual return on plan assets	17,030			(4,453		)
Plan settlements	(23,556		)	—
Benefits paid	(5,560		)	(5,730		)
Administrative expenses paid	(484		)	(541		)
Fair value of plan assets, end of year	79,422			86,992
Pension liability:
Accrued benefit obligation, beginning of year	95,171			104,909
Current service cost	548			670
Interest cost	3,423			3,322
Plan settlements	(23,556		)	—
Actuarial loss (gain)	9,015			(7,459		)
Benefits paid	(5,560		)	(5,730		)
Administrative expenses paid	(484		)	(541		)
Accrued benefit obligation, end of year	78,557			95,171
Net plan assets (accrued benefit obligation), end of year	$	865		$	(8,179	)

Schedule of Allocation of Plan Assets

Information with respect to the amounts and types of securities that are held in the U.S. defined benefit pension plan is set forth as follows for the periods indicated:



	Year Ended
	December 29, 2019				December 30, 2018
(In thousands)	Amount		% of Total Plan		Amount		% of Total Plan
Equity securities	$	47,017	59.2	%	$	51,412	59.1	%
Debt securities	29,863		37.6	%	32,361		37.2	%
Other	2,542		3.2	%	3,219		3.7	%
	$	79,422	100.0	%	$	86,992	100.0	%

Schedule of Assumptions Used

The weighted average actuarial assumptions adopted in measuring our U.S. accrued benefit obligations and costs were as follows for the periods indicated:



	Year Ended
	December 29, 2019		December 30, 2018		December 31, 2017
Discount rate applied for:
Accrued benefit obligation	3.3	%	4.3	%	3.6	%
Net periodic pension cost	4.3	%	3.6	%	4.2	%
Expected long-term rate of return on plan assets	6.8	%	6.8	%	7.0	%

UNITED KINGDOM | Pension Plan

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

Information about the U.K. defined benefit pension plan is as follows for the periods indicated:



	Year Ended
(in thousands)	December 29, 2019			December 30, 2018			December 31, 2017
Components of net periodic benefit cost:
Interest cost	$	685		$	648		$	685
Expected return on assets	(948		)	(990		)	(429		)
Amortization of actuarial net losses	246			142			—
Net pension expense (benefit)	$	(17	)	$	(200	)	$	256

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

Information with respect to the assets, liabilities and net accrued benefit obligation of the U.K. defined benefit pension plan is as follows for the periods indicated:



	Year Ended
(In thousands)	December 29, 2019			December 30, 2018
Pension assets:
Fair value of plan assets, beginning of year	$	22,307		$	25,141
Company contributions	1,265			661
Actual return on plan assets	3,201			(1,106		)
Benefits paid	(863		)	(886		)
Translation adjustment	838			(1,503		)
Fair value of plan assets, end of year	26,748			22,307
Pension liability
Accrued benefit obligation, beginning of year	28,303			30,812
Interest cost	685			648
Actuarial loss (gain)	3,446			(962		)
Benefits paid	(863		)	(886		)
Plan amendment	—			585
Translation adjustment	1,030			(1,894		)
Accrued benefit obligation, end of year	32,601			28,303
Net accrued benefit obligation, end of year	$	5,853		$	5,996

Schedule of Allocation of Plan Assets

Information with respect to the amounts and types of securities that are held in the U.K. defined benefit pension plan is set forth as follows for the periods indicated:



	Year Ended
	December 29, 2019				December 30, 2018
(In thousands)	Amount		% of Total Plan		Amount		% of Total Plan
Equity securities	$	10,297	38.5	%	$	10,207	45.8	%
Debt securities	13,600		50.8	%	11,909		53.3	%
Other	2,851		10.7	%	191		0.9	%
	$	26,748	100.0	%	$	22,307	100.0	%

Schedule of Assumptions Used

The weighted average actuarial assumptions adopted in measuring our U.K. accrued benefit obligations and costs were as follows for the periods indicated:



	Year Ended
	December 29, 2019		December 30, 2018		December 31, 2017
Discount rate applied for:
Accrued benefit obligation	1.9	%	2.7	%	2.4	%
Net periodic pension cost	1.7	%	2.4	%	2.2	%
Expected long-term rate of return on plan assets	3.9	%	4.2	%	4.0	%