v3.26.1
Pensions and Other Postretirement Benefits
 6 Months Ended
Jul. 04, 2026
Pensions and Other Postretirement Benefits [Abstract]  
Pensions and Other Postretirement Benefits
Note 8 – Pensions and Other Postretirement Benefits 
 
The service cost component of net periodic pension cost is classified in costs of products sold or selling, general, and administrative expenses on the consolidated condensed statements of operations based on the respective employee's function.  The other components of net periodic pension cost are classified as other expense on the consolidated condensed statements of operations.
 
Defined Benefit Pension Plans
 
The following table shows the components of the net periodic pension cost for the second fiscal quarters of 2026 and 2025 for the Company’s defined benefit pension plans:
 
 Fiscal quarter ended Fiscal quarter ended
 July 4, 2026 June 28, 2025
      Non-U.S.       Non-U.S. 
  U.S. Plans   Plans   U.S. Plans   Plans 
                
Net service cost$-  $741  $-  $765 
Interest cost 352   1,730   380   1,582 
Expected return on plan assets -   (630)   -   (560) 
Amortization of prior service cost -   78   -   36 
Amortization of losses 1   378   1   258 
Curtailment and settlement losses -   18   -   24 
Net periodic benefit cost$353  $2,315  $381  $2,105 
 
The following table shows the components of the net periodic pension cost for the six fiscal months ended July 4, 2026 and June 28, 2025 for the Company's defined benefit pension plans:
 
 Six fiscal months ended Six fiscal months ended
 July 4, 2026 June 28, 2025
      Non-U.S.       Non-U.S. 
  U.S. Plans   Plans   U.S. Plans   Plans 
                
Net service cost$- $1,496 $- $1,494
Interest cost 704   3,478   760   3,070 
Expected return on plan assets -   (1,268)   -   (1,100) 
Amortization of prior service cost -   158   -   70 
Amortization of losses 2   758   2   500 
Curtailment and settlement losses -   36   -   47 
Net periodic benefit cost$706 $4,658 $762 $4,081
Other Postretirement Benefits
 
The following table shows the components of the net periodic benefit cost for the second fiscal quarters of 2026 and 2025 for the Company’s other postretirement benefit plans:
 
 Fiscal quarter ended Fiscal quarter ended
 July 4, 2026 June 28, 2025
      Non-U.S.       Non-U.S. 
  U.S. Plans   Plans   U.S. Plans   Plans 
                
Service cost$-  $52  $5  $60 
Interest cost 26   62   50   60 
Amortization of losses (gains) (117)   5   (52)   15 
Net periodic benefit cost$(91)  $119  $3  $135 
 
The following table shows the components of the net periodic pension cost for the six fiscal months ended July 4, 2026 and June 28, 2025 for the Company's other postretirement benefit plans:
 
 Six fiscal months ended Six fiscal months ended
 July 4, 2026 June 28, 2025
      Non-U.S.       Non-U.S. 
  U.S. Plans   Plans   U.S. Plans   Plans 
                
Service cost$- $105 $10 $115
Interest cost 52   125   101   116 
Amortization of losses (gains) (234)   11   (104)   29 
Net periodic benefit cost$(182) $241 $7 $260