v3.26.1
Retirement Benefit Plans (Tables)
6 Months Ended
Jul. 04, 2026
Retirement Benefit Plans  
Schedule of Significant Disclosures Relating to Benefit Plans

 

 

Pension Benefits

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 4, 2026

 

 

June 28, 2025

 

 

July 4, 2026

 

 

June 28, 2025

 

Service cost

 

$181,206

 

 

$184,287

 

 

$362,413

 

 

$361,749

 

Interest cost

 

 

876,829

 

 

 

987,679

 

 

 

1,753,658

 

 

 

1,938,776

 

Expected return on plan assets

 

 

(1,107,069)

 

 

(1,100,704)

 

 

(2,214,137)

 

 

(2,160,640)

Amortization of prior service cost

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Amortization of the net loss

 

 

298,780

 

 

 

301,791

 

 

 

597,561

 

 

 

592,406

 

Net periodic benefit cost

 

$249,746

 

 

$373,053

 

 

$499,495

 

 

$732,291

 

 

 

Other Postretirement Benefits

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 4, 2026

 

 

June 28, 2025

 

 

July 4, 2026

 

 

June 28, 2025

 

Service cost

 

$1,641

 

 

$2,206

 

 

$3,282

 

 

$4,331

 

Interest cost

 

 

10,393

 

 

 

12,132

 

 

 

20,787

 

 

 

23,815

 

Expected return on plan assets

 

 

(5,000)

 

 

(4,963)

 

 

(10,000)

 

 

(9,743)

Amortization of prior service cost

 

 

(848)

 

 

(864)

 

 

(1,696)

 

 

(1,696)

Amortization of the net loss

 

 

(24,496)

 

 

(23,982)

 

 

(48,993)

 

 

(47,075)

Net periodic benefit gain

 

$(18,310)

 

$(15,471)

 

$(36,620)

 

$(30,368)
Schedule of Company Made Contributions Towards Benefit Plans

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 4, 2026

 

 

June 28, 2025

 

 

July 4, 2026

 

 

June 28, 2025

 

Regular matching contribution

 

$222,643

 

 

$239,797

 

 

$443,045

 

 

$546,436

 

Transitional credit contribution

 

 

17,060

 

 

 

18,622

 

 

 

35,998

 

 

 

42,487

 

Non-discretionary contribution

 

 

84,929

 

 

 

87,415

 

 

 

168,881

 

 

 

195,907

 

Total contributions for the period

 

$324,632

 

 

$345,834

 

 

$647,924

 

 

$784,830