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Defined Benefit and Defined Contribution Plans (Tables)
12 Months Ended
Mar. 29, 2025
Defined Benefit and Defined Contribution Plans [Abstract]  
Funded Status

Funded Status

(thousands)

2025

2024

Projected benefit obligations

$

15,859

$

16,489

Fair value of plan assets

16,640

17,272

Overfunded status

$

781

$

783

Estimated Future Pension Benefit Payments

Estimated Future Benefit Payments

(thousands)

Pension Benefits

2026

$

1,185

2027

1,206

2028

1,217

2029

1,256

2030

1,270

2031 - 2035

6,212

Components of Net Pension Benefits Expense

Net Pension Benefits Expense

(thousands)

2025

2024

2023

Interest cost on projected benefit obligation

$

815

$

812

$

683

Expected return on plan assets

(910)

(818)

(982)

Amortization of unrecognized actuarial loss

138

192

378

Total

$

43

$

186

$

79

Weighted Average Assumptions Used to Determine Benefit Obligations

Benefit Obligation Weighted Average Assumption

2025

2024

Discount rate

5.39

%

5.22

%

Weighted Average Assumptions Used to Determine Net Periodic Pension Costs

Net Periodic Benefit Expense Weighted Average Assumptions

2025

2024

2023

Discount rate

5.22

%

4.94

%

3.58

%

Expected long-term rate of return on plan assets

5.50

%

5.00

%

5.00

%

Changes in Projected Benefit Obligations and Plan Assets Benefit Obligation

Change in Projected Benefit Obligation

(thousands)

2025

2024

Benefit obligation at beginning of year

$

16,489

$

17,104

Interest cost

815

812

Actuarial gain

(371)

(258)

Benefits paid

(1,074)

(1,169)

Benefit obligation at end of year (a)

$

15,859

$

16,489

(a) Accumulated benefit obligation-the present value of benefits earned to date assuming no future salary growth-is materially consistent with the projected benefit obligation in each period presented.

Plan Assets

Change in Plan Assets

(thousands)

2025

2024

Fair value of plan assets at beginning of year

$

17,272

$

17,176

Actual gain on plan assets

442

1,265

Benefits paid

(1,074)

(1,169)

Fair value of plan assets at end of year

$

16,640

$

17,272

Company's Asset Allocations by Asset Category

Asset Category

Current Targeted

Actual Allocation

Allocation

2025

2024

Cash and cash equivalents

1.0

%

2.1

%

Fixed income

70.0

%

70.3

%

70.0

%

Equity securities

30.0

%

28.7

%

27.9

%

Total

100.0

%

100.0

%

100.0

%

Fair Value Measurement Information for the Company's Major Categories of Defined Benefit Plan Assets

Fair Value Measurements

Fair Value at

(thousands)

Pricing Category (a)

March 29, 2025

March 30, 2024

Assets in the fair value hierarchy

Shares of registered investment companies

Level 1

$

9,589

$

9,713

Total assets in the fair value hierarchy

9,589

9,713

Common collective trusts (b)

6,885

7,195

Pooled separate accounts (b)

166

364

Total plan assets

$

16,640

$

17,272

(a) Fair value measurements are reported in one of three levels based on the lowest level of significant input used: Level 1 (unadjusted quoted prices in active markets); Level 2 (observable market inputs, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data). The fair value amounts presented in this table are intended to permit reconciliation of the assets in the fair value hierarchy to total plan assets at end of year.

(b) Certain investments measured at net asset value as a practical expedient have not been classified in the fair value hierarchy. The fair values presented are intended to permit reconciliation of the total assets in the fair value hierarchy to the total plan assets.

Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts in Accumulated Other Comprehensive Loss

(thousands)

2025

2024

Unamortized net actuarial loss

$

4,530

$

4,570

Amounts in Accumulated Other Comprehensive Loss (a)

$

4,530

$

4,570

(a) $3,421 and $3,451, net of tax, at the end of 2025 and 2024, respectively.
Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Loss) Income

Amounts in Other Comprehensive Income

(thousands)

2025

2024

2023

Net actuarial income

$

41

$

897

$

513

Amounts in Other Comprehensive Income (a)

$

41

$

897

$

513

(a) $30, $664, and $379, net of tax, during 2025, 2024, and 2023, respectively.