Quarterly report pursuant to Section 13 or 15(d)

Supplemental Retirement Plan and Related Post Retirement Benefits

v3.20.1
Supplemental Retirement Plan and Related Post Retirement Benefits
 3 Months Ended
Mar. 28, 2020
Retirement Benefits [Abstract]  
Supplemental Retirement Plan and Related Post Retirement Benefits Supplemental Retirement Plan and Related Post Retirement Benefits
The Company has two non-qualified supplemental retirement defined benefit plans (“SERP” and “SERP II”) for certain executive officers. The following table sets forth information regarding the net periodic pension cost for the plans. 
Three Months Ended
(In thousands) March 28, 2020 March 30, 2019
Service Cost $ 55    $ 45   
Interest Cost 209    229   
Amortization of Prior Service Cost 97    97   
Amortization of Net Actuarial Losses 162    75   
Net Periodic Cost $ 523    $ 446   
Participants in the SERP are entitled to paid medical, dental and long-term care insurance benefits upon retirement under the plan. The following table sets forth information regarding the net periodic cost recognized for those benefits: 
Three Months Ended
(In thousands) March 28, 2020 March 30, 2019
Service Cost $ 4    $ 3   
Interest Cost 9    12   
Amortization of Prior Service Cost 4    4   
Amortization of Net Actuarial Losses 9    10   
Net Periodic Cost $ 26    $ 29