v3.26.1
Employee Benefit Plans
3 Months Ended
Apr. 05, 2026
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
The Company has defined benefit and multi-employer pension plans, which are described more fully in Note 18 to the consolidated financial statements included in Item 8 of the Annual Report on Form 10-K for the fiscal year ended December 28, 2025.
During the three-month periods ended April 5, 2026 and March 30, 2025, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.8 million and $0.7 million, respectively.
The following tables provide the components of net periodic benefit cost for the three months ended April 5, 2026 and March 30, 2025:
Three Months Ended
Defined Benefit Retirement Plans (Europe)
April 5, 2026March 30, 2025
(in thousands)
Interest cost$1,857 $1,813 
Expected return on plan assets(1,778)(1,938)
Amortization of prior service cost47 44 
Amortization of net actuarial losses410 375 
Net periodic benefit cost$536 $294 
Three Months Ended
Salary Continuation PlanApril 5, 2026March 30, 2025
(in thousands)
Interest cost$256 $275 
Amortization of net actuarial losses63 47 
Net periodic benefit cost$319 $322 
Three Months Ended
nora Defined Benefit Plan
April 5, 2026March 30, 2025
(in thousands)
Service cost$95 $103 
Interest cost311 253 
Amortization of net actuarial gains(190)(82)
Net periodic benefit cost$216 $274 
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 expense, net, in the consolidated condensed statements of operations.