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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2019
Compensation And Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost (Credit)

The following table summarizes the components of net periodic benefit cost (credit) related to the Company’s pension plans for the three month and nine month periods ended September 30, 2019 and 2018:

 

 

 

Three Months Ended September 30,

 

 

 

2019

 

 

2018

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

223

 

 

$

217

 

Interest cost

 

 

3,716

 

 

 

3,822

 

Expected return on plan assets

 

 

(6,697

)

 

 

(7,315

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

26

 

 

 

-

 

Net actuarial loss (gain)

 

 

1,220

 

 

 

1,213

 

Settlement loss

 

 

2,280

 

 

 

-

 

Net periodic benefit cost (credit)

 

$

768

 

 

$

(2,063

)

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

635

 

 

$

670

 

Interest cost

 

 

11,476

 

 

 

11,861

 

Expected return on plan assets

 

 

(20,596

)

 

 

(22,681

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

82

 

 

 

-

 

Net actuarial loss (gain)

 

 

3,761

 

 

 

3,736

 

Settlement loss

 

 

5,802

 

 

 

-

 

Net periodic benefit cost (credit)

 

$

1,160

 

 

$

(6,414

)