XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.23.2

Employee Benefit Plans | 6 Months Ended
--- | ---
Jul. 02, 2023
Retirement Benefits [Abstract] |
Employee Benefit Plans | EMPLOYEE BENEFIT PLANS During the three and six months ended July 2, 2023, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.7 million and $1.3 million, respectively. During the three and six months ended July 3, 2022, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $1.3 million, respectively. The following tables provide the components of net periodic benefit cost for the three and six months ended July 2, 2023 and July 3, 2022:
| Three Months Ended |  | Six Months Ended
Defined Benefit Retirement Plans (Europe) | July 2, 2023 |  | July 3, 2022 |  | July 2, 2023 |  | July 3, 2022
| (in thousands)
Interest cost | $ | 1,778 |  |  | $ | 857 |  |  | $ | 3,513 |  |  | $ | 1,773 |
Expected return on plan assets | (2,015) |  |  | (990) |  |  | (3,979) |  |  | (2,049) |
Amortization of prior service cost | 30 |  |  | 30 |  |  | 59 |  |  | 62 |
Amortization of net actuarial losses | 228 |  |  | 256 |  |  | 451 |  |  | 531 |
Net periodic benefit cost | $ | 21 |  |  | $ | 153 |  |  | $ | 44 |  |  | $ | 317 |
| Three Months Ended |  | Six Months Ended
Salary Continuation Plan | July 2, 2023 |  | July 3, 2022 |  | July 2, 2023 |  | July 3, 2022
| (in thousands)
Interest cost | $ | 284 |  |  | $ | 193 |  |  | $ | 567 |  |  | $ | 386 |
Amortization of net actuarial losses | 48 |  |  | 140 |  |  | 97 |  |  | 279 |
Net periodic benefit cost | $ | 332 |  |  | $ | 333 |  |  | $ | 664 |  |  | $ | 665 |
| Three Months Ended |  | Six Months Ended
nora Defined Benefit Plan | July 2, 2023 |  | July 3, 2022 |  | July 2, 2023 |  | July 3, 2022
| (in thousands)
Service cost | $ | 115 |  |  | $ | 211 |  |  | $ | 229 |  |  | $ | 436 |
Interest cost | 275 |  |  | 105 |  |  | 547 |  |  | 215 |
Amortization of net actuarial (gains) losses | (111) |  |  | 48 |  |  | (220) |  |  | 98 |
Net periodic benefit cost | $ | 279 |  |  | $ | 364 |  |  | $ | 556 |  |  | $ | 749 |
In accordance with applicable accounting standards, the service cost component of net periodic benefit costs is presented within operating income in the consolidated condensed statements of operations, while all other components of net periodic benefit costs are presented within other (income) expense, net, in the consolidated condensed statements of operations.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 70 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480794/715-70-50-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480482/715-20-55-17 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//715/tableOfContent Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (o) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (p) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480266/715-60-50-3 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration