Employee Benefit Plans

6 Months Ended

Jun. 30, 2020

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

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

	Three months ended June 30,				Six months ended June 30,
Components of Net Period Benefit Cost	2020		2019		2020		2019
	(in thousands)
Service cost	$	2,667	$	2,096	$	5,334	$	4,192
Other cost:
Interest cost	4,970		5,608		9,939		11,216
Expected return on plan assets	(6,286)		(5,483)		(12,573)		(10,966)
Recognized net actuarial loss	978		887		1,957		1,774
Total other components of the net periodic benefit cost	(338)		1,012		(677)		2,024
Net periodic benefit cost	$	2,329	$	3,108	$	4,657	$	6,216

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 and six months ended June 30, 2020 and 2019, the Company was not required to, and did not make cash 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.