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Pension and Other Postretirement Obligations | 9 Months Ended
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Oct. 01, 2023
Retirement Benefits [Abstract] |
Pension and Other Postretirement Obligations | Pension and Other Postretirement Obligations The following table provides the components of net periodic benefit costs for our pension and other postretirement benefit plans:
|  | Pension Obligations |  | Other Postretirement Obligations
|  | October 1, 2023 |  | October 2, 2022 |  | October 1, 2023 |  | October 2, 2022
|  | (In thousands)
Three Months Ended |  |  |  |  |  |  |  |
Service cost |  | $ | 522 |  |  | $ | 758 |  |  | $ | 3 |  |  | $ | 6 |
Interest cost |  | 3,838 |  |  | 2,241 |  |  | 253 |  |  | 190 |
Expected return on plan assets |  | (4,038) |  |  | (3,644) |  |  | — |  |  | — |
Amortization of prior service cost |  | 45 |  |  | 41 |  |  | — |  |  | — |
Actuarial losses (gains) |  | (234) |  |  | 212 |  |  | (192) |  |  | (20) |
Settlement loss |  | — |  |  | 954 |  |  | — |  |  |
Net periodic benefit cost |  | $ | 133 |  |  | $ | 562 |  |  | $ | 64 |  |  | $ | 176 |
Nine Months Ended |  |  |  |  |  |  |  |
Service cost |  | $ | 2,056 |  |  | $ | 2,488 |  |  | $ | 6 |  |  | $ | 18 |
Interest cost |  | 11,392 |  |  | 6,833 |  |  | 756 |  |  | 578 |
Expected return on plan assets |  | (12,476) |  |  | (11,405) |  |  | — |  |  | — |
Amortization of prior service cost |  | 132 |  |  | 132 |  |  | — |  |  | — |
Actuarial losses (gains) |  | (692) |  |  | 672 |  |  | (574) |  |  | (60) |
Settlement loss |  | — |  |  | 954 |  |  | — |  |  | — |
Net periodic benefit cost (income) |  | $ | 412 |  |  | $ | (326) |  |  | $ | 188 |  |  | $ | 536 |
We recorded a settlement loss of $1.0 million during the three and nine months ended October 2, 2022. The settlement loss was the result of lump-sum payments to participants that exceeded the sum of the pension plan's respective service cost and interest cost amounts.

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