Company: JACK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0000807882-25-000030
Chunk: 41

Company: JACK IN THE BOX INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 41
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 — The Company also sponsors two healthcare plans, closed to new participants, that provide post-retirement medical benefits to certain employees who have met minimum age and service requirements. The plans are contributory, with retiree contributions adjusted annually, and they contain other cost-sharing features such as deductibles and coinsurance.

15

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

Net periodic benefit cost (credit) — The components of net periodic benefit cost (credit) in each period were as follows (in thousands): QuarterYear-to-dateApril 13,2025April 14,2024April 13,2025April 14,2024Defined benefit pension plans:Interest cost$4,062 $4,380 $9,478 $10,219 Expected return on plan assets(3,469)(3,458)(8,094)(8,067)Actuarial losses (1)786 701 1,834 1,634 Amortization of unrecognized prior service costs (1)— 3 — 8 Net periodic benefit cost $1,379 $1,626 $3,218 $3,794 Post-retirement healthcare plans:Interest cost$142 $164 $331 $383 Actuarial gains (1)(180)(211)(419)(492)Net periodic benefit credit$(38)$(47)$(88)$(109)____________________________(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$3,055 $778 Remaining estimated net contributions during fiscal 2025$2,070 $361 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