Company: CRL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001100682-25-000011
Chunk: 185

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 185
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,587 9,207 10,368 — 19,575 Other (4)— 21,645 57 21,702 — 27,254 61 27,315 Total$10,913 $171,677 $57 $182,647 $9,653 $193,943 $61 $203,657 (1) This category comprises equity investments and securities held by non-U.S. pension plans valued at the quoted closing price and translated into U.S. dollars using a foreign currency exchange rate at year end.(2) This category comprises debt investments and securities held by non-U.S. pension plans valued at the quoted closing price and translated into U.S. dollars using a foreign currency exchange rate at year end. Holdings primarily include treasury securities and investment-grade corporate bonds at various durations.(3) This category comprises mutual funds valued at the net asset value of shares held by non-U.S. pension plans at year end and translated into U.S. dollars using a foreign currency exchange rate at year end.(4) This category mainly comprises fixed income securities tied to various U.K. government bond yields held by non-US pension plans valued at the net asset value of shares held at year-end and translated into U.S. dollars using a foreign currency exchange rate at year end.The activity within the Level 3 pension plan assets was not material during the periods presented.During fiscal year 2024, the Company contributed $3.5 million to the pension plans and expects to make no contributions in fiscal year 2025. During fiscal year 2024, the Company paid $2.0 million directly to certain participants outside of plan assets.Expected benefit payments are estimated using the same assumptions used in determining the Company’s benefit obligation as of 2024. Benefit payments will depend on future employment and compensation levels, among other factors, and changes in any of these factors could significantly affect these estimated future benefit payments. Estimated future benefit payments during the next five years and in the aggregate for fiscal years 2030 through 2034, are as follows.Fiscal YearPension Plans(in thousands)2025$6,706 202649,809 20277,503 20288,251 20299,371 2030-203457,076 Charles River Laboratories Employee Savings PlanThe Charles River Laboratories Employee Savings Plan is a defined contribution plan in the form of a qualified 401(k) plan in which substantially all U.S. employees are eligible to participate upon