Quarterly report pursuant to Section 13 or 15(d)

Supplemental Retirement Plan and Related Post Retirement Benefits (Tables)

v3.19.3
Supplemental Retirement Plan and Related Post Retirement Benefits (Tables)
 9 Months Ended
Sep. 28, 2019
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 28, 2019 September 29, 2018 September 28, 2019 September 29, 2018
Service Cost $ 136    $ 150    $ 45    $ 50   
Interest Cost 687    675    229    225   
Amortization of Prior Service Cost 290    291    97    97   
Amortization of Net Actuarial Losses 224    471    74    157   
Net Periodic Cost $ 1,337    $ 1,587    $ 445    $ 529   
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 28, 2019 September 29, 2018 September 28, 2019 September 29, 2018
Service Cost $ 10    $ 12    $ 3    $ 4   
Interest Cost 35    34    12    11   
Amortization of Prior Service Cost 12    12    4    4   
Amortization of Net Actuarial Losses 32    44    11    15   
Net Periodic Cost $ 89    $ 102    $ 30    $ 34