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Pension and Other Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

655

 

 

$

780

 

 

$

1,306

 

 

$

1,539

 

Interest cost

 

 

4,313

 

 

 

4,315

 

 

 

8,569

 

 

 

8,559

 

Expected return on assets

 

 

(7,246

)

 

 

(7,148

)

 

 

(14,507

)

 

 

(14,299

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial loss

 

 

102

 

 

 

313

 

 

 

150

 

 

 

429

 

Net periodic benefit (credit) cost

 

$

(2,176

)

 

$

(1,740

)

 

$

(4,482

)

 

$

(3,772

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

188

 

 

$

217

 

 

$

371

 

 

$

428

 

Interest cost

 

 

754

 

 

 

779

 

 

 

1,514

 

 

 

1,576

 

Expected return on assets

 

 

(634

)

 

 

(693

)

 

 

(1,358

)

 

 

(1,384

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Transition obligation

 

 

 

 

 

 

 

 

1

 

 

 

1

 

Prior service credit

 

 

 

 

 

(4

)

 

 

 

 

 

(8

)

Actuarial gain

 

 

(173

)

 

 

(129

)

 

 

(321

)

 

 

(206

)

Net periodic benefit cost

 

$

135

 

 

$

170

 

 

$

207

 

 

$

407