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Supplemental Retirement Plan and Related Post Retirement Benefits | 3 Months Ended
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Mar. 30, 2024
Retirement Benefits [Abstract] |
Supplemental Retirement Plan and Related Post Retirement Benefits | Supplemental Retirement Plan and Related Post Retirement Benefits The Company has two non-qualified supplemental retirement defined benefit plans (“SERP” and “SERP II”) for certain current and retired executive officers. The following table sets forth information regarding the net periodic pension cost for the plans.
|  |  | Three Months Ended
(In thousands) |  |  |  |  | March 30, 2024 |  | April 1, 2023
Service Cost |  |  |  |  | $ | — |  |  | $ | 26 |
Interest Cost |  |  |  |  | 343 |  |  | 325 |
Amortization of Prior Service Cost |  |  |  |  | 97 |  |  | 95 |
Amortization of Net Actuarial Losses |  |  |  |  | 184 |  |  | 90 |
Net Periodic Cost |  |  |  |  | $ | 624 |  |  | $ | 536 |
Participants in the SERP are entitled to paid medical, dental, and long-term care insurance benefits upon retirement under the plan. The Company also has a defined benefit plan related to its subsidiary in France. The net periodic cost for both plans for the three months ended March 30, 2024 and April 1, 2023, is immaterial. The service cost component of net periodic benefit costs above is recorded in Selling, General and Administrative Expenses within the Consolidated Condensed Statements of Operations, while the remaining components are recorded in Other Expense (Income), Net.

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