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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 26, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Changes in Projected Benefit Obligations
The status of the Company’s unfunded nonqualified, defined-benefit and account-based retirement plan based on the respective December 26, 2024 and December 28, 2023 measurement dates is as follows:
December 26,
2024
December 28,
2023
Change in benefit obligation:  
Benefit obligation at beginning of period$36,349 $36,324 
Service cost248 487 
Interest cost1,778 1,811 
Actuarial gain(1,627)(656)
Benefits paid(1,765)(1,617)
Benefit obligation at end of year$34,983 $36,349 
Amounts recognized in the statement of financial position consist of:
Current accrued benefit liability (included in Other accrued liabilities)$(2,315)$(2,060)
Noncurrent accrued benefit liability (included in Other long-term obligations)(32,668)(34,289)
Total$(34,983)$(36,349)
Amounts recognized in accumulated other comprehensive loss consist of:
Net actuarial loss$377 $2,004 
Prior service credit(132)(196)
Total$245 $1,808 
Schedule of Net Periodic Pension Cost
Year Ended
December 26, 2024December 28, 2023December 29, 2022
Net periodic pension cost:   
Service cost$248 $487 $1,055 
Interest cost1,778 1,811 1,341 
Net amortization of prior service cost and actuarial loss(64)(64)1,028 
$1,962 $2,234 $3,424 
Schedule of Pre-tax Change in the Benefit Obligation
The pre-tax change in the benefit obligation recognized in other comprehensive loss was as follows:
Year Ended
December 26, 2024December 28, 2023
Net actuarial gain$(1,627)(656)
Amortization of the prior year service credit6464
Total$(1,563)(592)
Schedule of Assumptions Used
The weighted-average assumptions used to determine the benefit obligations as of the measurement dates were as follows:
December 26, 2024December 28, 2023
Discount rate
5.45%
5.00%
Rate of compensation increase
4.00%
4.00%
The weighted-average assumptions used to determine net periodic benefit cost were as follows:
Year Ended
December 26, 2024December 28, 2023December 29, 2022
Discount rate
5.00%
5.05%
2.85%
Rate of compensation increase
4.00%
4.00%
4.00%
Schedule of Expected Benefit Payments
Benefit payments expected to be paid subsequent to December 26, 2024, are as follows:
Fiscal Year
2025$2,377 
20262,384 
20272,371 
20282,621 
20293,273 
Years 2030 – 203415,560