Employee Benefit Plans

3 Months Ended

Mar. 31, 2020

The components of net periodic benefit cost for the Company’s defined benefit and other post-retirement plans included the following:



	Three months ended March 31,
Components of Net Period Benefit Cost	2020			2019
	(in thousands)
Service cost	$	2,667		$	2,096
Other cost:
Interest cost	4,970			5,608
Expected return on plan assets	(6,286		)	(5,483		)
Recognized net actuarial loss	978			887
Total other components of the net periodic benefit cost	(338		)	1,012
Net periodic benefit cost	$	2,329		$	3,108

Total other components of the net periodic benefit cost are recorded within the nonoperating income (expense), other, net line item in the unaudited Consolidated Statements of Operations. During the three months ended March 31, 2020, the Company utilized funding credits of $1.9 million available within its defined benefit plan to meet its minimum contribution requirements. During the three months ended March 31, 2019, the Company was not required to, and did not make contributions to its defined benefit and other post-retirement plans.

The Company is not required to make a cash contribution to its defined benefit plan for the remainder of 2020.