| Schedule of Components of Net Periodic Benefit Costs of Defined Benefit Pension Plans |
Some of the Company’s foreign subsidiaries have defined benefit pension plans covering substantially all full-time employees at those subsidiaries. Net periodic benefit costs for the plans in the aggregate include the following components: | | | | | | | | | | | | | | | | | | | Year Ended | | 2026 | | 2025 | | 2024 | | (Dollars in Thousands) | | Service cost | $ | 1,804 | | | $ | 1,630 | | | $ | 1,316 | | | Interest cost on benefit obligation | 649 | | | 630 | | | 684 | | | Expected return on plan assets | (273) | | | (314) | | | (264) | | | Actuarial loss (gain) | (19) | | | 17 | | | (180) | | | Amortization of unrecognized prior service cost | (236) | | | (219) | | | (215) | | | Plan settlements | 15 | | | (104) | | | — | | | Total | $ | 1,940 | | | $ | 1,640 | | | $ | 1,341 | |
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| Schedule of Activity Under Defined Benefit Plans |
The activity under those defined benefit plans are as follows: | | | | | | | | | | | | | March 28,
2026 | | March 29,
2025 | | (Dollars in Thousands) | | Change in Benefit Obligation: | | | | | Benefit Obligation, beginning of year | $ | (30,956) | | | $ | (32,323) | | | Service cost | (1,804) | | | (1,630) | | | Interest cost | (649) | | | (630) | | | Benefits paid | 1,470 | | | 851 | | | Actuarial loss | (345) | | | (336) | | | Employee and plan participants contribution | (2,114) | | | (3,568) | | | Plan settlements | 2,971 | | | 6,419 | | | Foreign currency changes | (3,064) | | | 261 | | | Benefit obligation, end of year | $ | (34,491) | | | $ | (30,956) | | | Change in Plan Assets: | | | | | Fair value of plan assets, beginning of year | $ | 20,838 | | | $ | 21,851 | | | Company contributions | 1,497 | | | 1,627 | | | Benefits paid | (568) | | | (663) | | | Gain on plan assets | 444 | | | 482 | | | Employee and plan participants contribution | 2,124 | | | 3,600 | | | Plan settlements | (2,984) | | | (6,451) | | | Foreign currency changes | 1,959 | | | 392 | | | Fair value of plan assets, end of year | $ | 23,310 | | | $ | 20,838 | | Funded Status(1) | $ | (11,181) | | | $ | (10,118) | | | Unrecognized net actuarial gain | (982) | | | (1,056) | | | Unrecognized prior service cost | (545) | | | (705) | | | Net amount recognized | $ | (12,708) | | | $ | (11,879) | |
__________(1) Substantially all of the unfunded status is non-current.
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| Schedule of Components of Change Recorded in Accumulated Other Comprehensive Income Related to Defined Benefit Plans, Net of Tax |
The components of the change recorded in the Company’s accumulated other comprehensive loss related to its defined benefit plans, net of tax, are as follows: | | | | | | | Accumulated Other Comprehensive Loss | | (Dollars in Thousands) | Balance as of April 1, 2023 | $ | 4,075 | | | Actuarial loss | (2,157) | | | Prior service credit | (170) | | | | Balance as of March 30, 2024 | $ | 1,748 | | | Actuarial loss | (268) | | | Prior service credit | (242) | | | Plan settlements | (89) | | Balance as of March 29, 2025 | $ | 1,149 | | | Actuarial loss | (169) | | | Prior service credit | (218) | | | Plan settlements | (16) | | Balance as of March 28, 2026 | $ | 746 | |
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| Schedule of Estimated Future Benefit Payments |
Estimated future benefit payments are as follows: | | | | | | | Estimated Future Benefit Payments | | (Dollars in Thousands) | | Fiscal 2027 | $ | 1,701 | | | Fiscal 2028 | $ | 1,681 | | | Fiscal 2029 | $ | 1,916 | | | Fiscal 2030 | $ | 2,320 | | | Fiscal 2031 | $ | 1,861 | | | Fiscal 2032-2036 | $ | 11,783 | |
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