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v3.23.2

Benefit Plans | 6 Months Ended
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Jul. 01, 2023
Retirement Benefits [Abstract] |
Benefit Plans | Benefit Plans The Company sponsors several qualified and nonqualified pension plans and other postretirement benefit plans for certain of its employees. The components of net periodic benefit cost (income) are as follows:
|  | For the Quarter Ended |  | For the Six Months Ended
(In thousands) |  | July 1, 2023 |  | June 25, 2022 |  | July 1, 2023 |  | June 25, 2022
Pension benefits: |  |  |  |  |  |  |  |
Interest cost |  | $ | 595 |  |  | $ | 393 |  |  | $ | 1,189 |  |  | $ | 787 |
Expected return on plan assets |  | (842) |  |  | (967) |  |  | (1,683) |  |  | (1,934) |
Amortization of net loss |  | — |  |  | 243 |  |  | — |  |  | 487 |
Net periodic benefit income |  | $ | (247) |  |  | $ | (331) |  |  | $ | (494) |  |  | $ | (660) |
Other benefits: |  |  |  |  |  |  |  |
Service cost |  | $ | 50 |  |  | $ | 72 |  |  | $ | 101 |  |  | $ | 144 |
Interest cost |  | 128 |  |  | 103 |  |  | 256 |  |  | 206 |
Amortization of prior service cost (credit) |  | — |  |  | (79) |  |  | (1) |  |  | (197) |
Amortization of net gain |  | (99) |  |  | (60) |  |  | (196) |  |  | (118) |
Curtailment gain |  | — |  |  | $ | (1,756) |  |  | — |  |  | $ | (1,756) |
Net periodic benefit cost (income) |  | $ | 79 |  |  | $ | (1,720) |  |  | $ | 160 |  |  | $ | (1,721) |
The components of net periodic benefit cost (income) other than the service cost component are included in other income, net in the Condensed Consolidated Statements of Income.

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