Quarterly report pursuant to Section 13 or 15(d)

Supplemental Retirement Plan and Related Post Retirement Benefits (Tables)

v3.20.2
Supplemental Retirement Plan and Related Post Retirement Benefits (Tables)
 9 Months Ended
Sep. 26, 2020
Retirement Benefits [Abstract]  
Summary of the Components of Net Periodic Cost The following table sets forth information regarding the net periodic pension cost for the plans. 
Nine Months Ended Three Months Ended
(In thousands) September 26, 2020 September 28, 2019 September 26, 2020 September 28, 2019
Service Cost $ 167  $ 136  $ 56  $ 45 
Interest Cost 627  687  209  229 
Amortization of Prior Service Cost 290  290  97  97 
Amortization of Net Actuarial Losses 486  224  162  74 
Net Periodic Cost $ 1,570  $ 1,337  $ 524  $ 445 
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: 
Nine Months Ended
Three Months Ended
(In thousands) September 26, 2020 September 28, 2019 September 26, 2020 September 28, 2019
Service Cost $ 11  $ 10  $ 4  $ 3 
Interest Cost 26  35  9  12 
Amortization of Prior Service Cost 12  12  4  4 
Amortization of Net Actuarial Losses 29  32  9  11 
Net Periodic Cost $ 78  $ 89  $ 26  $ 30