v3.26.1
Employee Benefit Plans
 6 Months Ended
Jul. 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 and six months ended July 5, 2026, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.8 million and $1.6 million, respectively. During the three and six months ended June 29, 2025, the Company recorded multi-employer pension expense related to multi-employer contributions of $0.6 million and $1.3 million, respectively.
The following tables provide the components of net periodic benefit cost for the three and six months ended July 5, 2026 and June 29, 2025:
Three Months EndedSix Months Ended
Defined Benefit Retirement Plans (Europe)
July 5, 2026June 29, 2025July 5, 2026June 29, 2025
(in thousands)
Interest cost$1,849 $1,929 $3,706 $3,742 
Expected return on plan assets(1,770)(2,061)(3,548)(3,999)
Amortization of prior service cost48 47 95 91 
Amortization of net actuarial losses408 398 818 773 
Net periodic benefit cost$535 $313 $1,071 $607 
Three Months EndedSix Months Ended
Salary Continuation PlanJuly 5, 2026June 29, 2025July 5, 2026June 29, 2025
(in thousands)
Interest cost$256 $274 $512 $549 
Amortization of net actuarial losses64 48 127 95 
Net periodic benefit cost$320 $322 $639 $644 
Three Months EndedSix Months Ended
nora Defined Benefit Plan
July 5, 2026June 29, 2025July 5, 2026June 29, 2025
(in thousands)
Service cost$94 $111 $189 $214 
Interest cost308 272 619 525 
Amortization of net actuarial gains(188)(90)(378)(172)
Net periodic benefit cost$214 $293 $430 $567 
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.