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Pension and Postretirement Plans (Tables)
9 Months Ended
Sep. 30, 2021
Defined Benefit Pension Plan [Member]  
Schedule of Net Benefit Costs The total benefit arising from the Company’s defined benefit pension plans consists of the following components:
  Three Months Ended 
 September 30
Nine Months Ended 
 September 30
(in thousands)2021202020212020
Service cost$5,775 $5,457 $17,254 $17,044 
Interest cost6,754 8,139 20,162 24,448 
Expected return on assets(34,800)(28,347)(103,078)(85,081)
Amortization of prior service cost711 708 2,134 2,123 
Recognized actuarial gain(1,671)— (6,234)— 
Net Periodic Benefit(23,231)(14,043)(69,762)(41,466)
Special separation benefit expense
 7,783 1,118 13,797 
Total Benefit$(23,231)$(6,260)$(68,644)$(27,669)
Schedule of Allocation of Plan Assets The assets of the Company’s pension plans were allocated as follows:
  As of
  September 30,
2021
December 31,
2020
  
U.S. equities60 %58 %
Private investment fund18 %18 %
U.S. stock index fund9 %%
International equities9 %%
U.S. fixed income4 %%
  100 %100 %
Supplemental Executive Retirement Plan (SERP) [Member]  
Schedule of Net Benefit Costs
The total cost arising from the Company’s Supplemental Executive Retirement Plan (SERP) consists of the following components:
  Three Months Ended 
 September 30
Nine Months Ended 
 September 30
(in thousands)2021202020212020
Service cost$256 $238 $767 $715 
Interest cost736 920 2,207 2,759 
Amortization of prior service cost83 83 248 248 
Recognized actuarial loss1,482 1,316 4,447 3,950 
Net Periodic Cost$2,557 $2,557 $7,669 $7,672 
Other Postretirement Benefit Plan, Defined Benefit [Member]  
Schedule of Net Benefit Costs
Other Postretirement Plans. The total cost arising from the Company’s other postretirement plans consists of the following components:
  Three Months Ended 
 September 30
Nine Months Ended 
 September 30
(in thousands)2021202020212020
Interest cost$23 $41 $69 $125 
Amortization of prior service credit(1)(120)(5)(361)
Recognized actuarial gain(877)(1,012)(2,632)(3,036)
Net Periodic Benefit$(855)$(1,091)$(2,568)$(3,272)