Company: SENEA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033352
Chunk: 63

Company: Seneca Foods Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 is current on its federal and state tax returns.

			9.

			Retirement Plans

The net periodic (benefit) cost for the Company’s pension plan consisted of (in thousands):

			Three Months Ended

			Six Months Ended

			September 27,

			September 28,

			September 27,

			September 28,

			2025

			2024

			2025

			2024

			Service cost including administrative expenses

			$
			1,323

			$
			1,590

			$
			2,645

			$
			3,181

			Interest cost

			2,912

			2,941

			5,825

			5,883

			Expected return on plan assets

			(4,818
			)

			(4,422
			)

			(9,637
			)

			(8,845
			)

			Amortization of net loss

			-

			76

			-

			152

			Amortization of prior service cost

			-

			3

			-

			5

			Net periodic pension (benefit) cost

			$
			(583
			)
			 
			$
			188

			$
			(1,167
			)
			 
			$
			376

There were no pension contributions made during the six months ended September 27, 2025 and September 28, 2024.

12

SENECA FOODS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

			10.

			Stockholders’ Equity

During the six months ended September 27, 2025, the Company repurchased 52,477 shares of its Class A Common Stock at a cost of $4.9 million, which are included in treasury stock in the condensed consolidated balance sheets. During the six months ended September 28, 2024, the Company repurchased 173,379 shares of its Class A Common Stock at a cost of $10.0 million. The Company did not repurchase any of its Class B Common Stock in either six-month period. As of September 27, 2025, there are 5,357,