Annual report [Section 13 and 15(d), not S-K Item 405]

RETIREMENT AND SAVINGS BENEFIT PLANS (Tables)

v3.25.4
RETIREMENT AND SAVINGS BENEFIT PLANS (Tables)
12 Months Ended
Jan. 03, 2026
Retirement Benefits [Abstract]  
Schedule of Components of Pension Cost
The following tables present key components of pension costs, amounts recorded in the balance sheets and related key assumptions:
Year Ended December
(In thousands)
2025
2024
2023
Amounts included in the statements of operations:
Net pension costs $ 426  $ 251  $ 322 
Actuarial assumptions used to determine pension expense:
Discount rate in effect for determining service cost 3.76  % 3.18  % 0.91  %
Rate of inflation 2.10  % 2.20  % 1.90  %
Expected long-term return on plan assets 3.00  % 3.00  % 3.00  %
Rate of compensation increase 3.30  % 3.40  % 3.10  %
(In thousands)
December 2025
December 2024
Amounts included in the balance sheets:
Projected benefit obligations $ 16,576  $ 14,789 
Fair value of plan assets 12,626  10,782 
Funded status - recorded in other liabilities (Note 13) $ 3,950  $ 4,007 
Accumulated other comprehensive gain, pretax - net deferred amounts 3,697  2,838 
Actuarial assumptions used to determine pension obligations:
Discount rate 3.18  % 3.76  %
Rate of compensation increase 3.20  % 3.30  %
Accumulated benefit obligations $ 14,129  $ 12,378