Company: GGG
Filing Date: 2025-04-23
Form Type: 10-Q
Source: 0000042888-25-000014
Chunk: 26

Company: GRACO INC
Filing Date: 2025-04-23
Form: 10-Q
Item: Item 8
Chunk 26
---
3 %1.1 %Weighted average fair value per share$19.65 $23.16 

9

5.Retirement Benefits

The components of net periodic benefit cost for retirement benefit plans were as follows (in thousands): Three Months Ended March 28,2025March 29,2024Pension BenefitsService cost$1,253 $1,467 Interest cost2,143 2,430 Expected return on assets(2,903)(2,444)Amortization and other164 936 Net periodic benefit cost$657 $2,389 Postretirement MedicalService cost$75 $100 Interest cost200 300 Amortization— (25)Net periodic benefit cost$275 $375 

6.Shareholders’ Equity

Changes in components of accumulated other comprehensive income (loss), net of tax were as follows (in thousands):Pension andPost-retirementMedicalCumulativeTranslationAdjustmentTotalThree Months Ended March 28, 2025Balance, December 27, 2024$(13,145)$(36,429)$(49,574)Other comprehensive income (loss) before reclassifications— 19,903 19,903 Reclassified to pension cost and deferred tax63 — 63 Balance, March 28, 2025$(13,082)$(16,526)$(29,608)Three Months Ended March 29, 2024Balance, December 29, 2023$(31,012)$(3,983)$(34,995)Other comprehensive income (loss) before reclassifications— (18,706)(18,706)Reclassified to pension cost and deferred tax681 — 681 Balance, March 29, 2024$(30,331)$(22,689)$(53,020)

Amounts related to pension and post-retirement medical adjustments are reclassified to non-service components of pension cost that are included within other non-operating expenses. 

7.Receivables and Credit Losses

Accounts receivable include trade receivables of $359 million and other receivables of $14 million as of March 28, 2025 and $348 million and $15 million of trade receivables and other receivables, respectively, as of December 27, 2024.Allowance for Credit LossesFollowing is a summary of activity for credit losses (in thousands):

10