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Pension and Other Postretirement Plans (Tables)
9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs

The following table presents the components of net periodic benefit costs recognized.

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1,266

 

 

$

1,432

 

 

$

3,798

 

 

$

4,296

 

Interest cost

 

 

2,791

 

 

 

2,280

 

 

 

8,371

 

 

 

6,840

 

Expected return on assets

 

 

(7,848

)

 

 

(7,372

)

 

 

(23,543

)

 

 

(22,115

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

(5

)

 

 

(31

)

 

 

(15

)

 

 

(93

)

Actuarial loss

 

 

604

 

 

 

1,662

 

 

 

1,812

 

 

 

4,985

 

Net periodic benefit (credit) cost

 

$

(3,192

)

 

$

(2,029

)

 

$

(9,577

)

 

$

(6,087

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

323

 

 

$

362

 

 

$

970

 

 

$

1,086

 

Interest cost

 

 

485

 

 

 

387

 

 

 

1,455

 

 

 

1,161

 

Expected return on assets

 

 

(842

)

 

 

(819

)

 

 

(2,524

)

 

 

(2,457

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Transition obligation

 

 

1

 

 

 

1

 

 

 

2

 

 

 

2

 

Prior service credit

 

 

(74

)

 

 

(379

)

 

 

(223

)

 

 

(1,138

)

Actuarial loss

 

 

37

 

 

 

123

 

 

 

109

 

 

 

370

 

Net periodic benefit (credit) cost

 

$

(70

)

 

$

(325

)

 

$

(211

)

 

$

(976

)