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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2021
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 six month periods ended June 30, 2021 and 2020:

 

 

 

Pension Plans

 

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

231

 

 

$

235

 

Interest cost

 

 

2,141

 

 

 

2,910

 

Expected return on plan assets

 

 

(6,597

)

 

 

(6,435

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

30

 

 

 

27

 

Net actuarial loss (gain)

 

 

1,911

 

 

 

1,926

 

Settlement loss

 

 

384

 

 

 

588

 

Net periodic benefit cost (credit)

 

$

(1,900

)

 

$

(749

)

 

 

 

Pension Plans

 

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

457

 

 

$

370

 

Interest cost

 

 

4,256

 

 

 

5,893

 

Expected return on plan assets

 

 

(13,131

)

 

 

(13,063

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

60

 

 

 

54

 

Net actuarial loss (gain)

 

 

3,598

 

 

 

4,132

 

Settlement loss

 

 

764

 

 

 

1,510

 

Net periodic benefit cost (credit)

 

$

(3,996

)

 

$

(1,104

)