Company: JACK
Filing Date: 2025-02-25
Form Type: 10-Q
Source: 0000807882-25-000016
Chunk: 77

Company: JACK IN THE BOX INC
Filing Date: 2025-02-25
Form: 10-Q
Item: Item 8
Chunk 77
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credit) — The components of net periodic benefit cost (credit) in each period were as follows (in thousands): Sixteen Weeks EndedJanuary 19,2025January 21,2024Defined benefit pension plans:Interest cost$5,416 $5,839 Expected return on plan assets(4,625)(4,609)Actuarial losses (1)1,048 933 Amortization of unrecognized prior service costs (1)— 5 Net periodic benefit cost $1,839 $2,168 Post-retirement healthcare plans:Interest cost$189 $219 Actuarial gains (1)(239)(281)Net periodic benefit credit$(50)$(62)____________________________(1)Amounts were reclassified from accumulated other comprehensive income into net earnings as a component of “Other pension and post-retirement expenses, net.”Future cash flows — The Company’s policy is to fund our plans at or above the minimum required by law. As of the date of our last actuarial funding valuation, there was no minimum contribution funding requirement for the Qualified Plan. Details regarding 2025 contributions are as follows (in thousands):SERPPost-RetirementHealthcare PlansNet year-to-date contributions$1,747 $471 Remaining estimated net contributions during fiscal 2025$3,378 $668 The Company continues to evaluate contributions to our Qualified Plan based on changes in pension assets as a result of asset performance in the current market and the economic environment. The Company does not anticipate making any contributions to our Qualified Plan in fiscal 2025.

12.STOCKHOLDERS EQUITY AND REPURCHASES OF COMMON STOCK

Repurchases of common stock — The Company repurchased 0.1 million shares of its common stock in the first quarter ended January 19, 2025 for an aggregate cost of $5.0 million, including applicable excise tax. As of January 19, 2025, there was $175.0 million remaining under share repurchase programs authorized by the Board of Directors which does not expire.Dividends — Through January 19, 2025, the Board of Directors declared a cash dividend of $0.44 per common share totaling $8.4 million. Future dividends are subject to approval by our Board of Directors.

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JACK IN THE BOX INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)