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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022 and 2021:

 

 

 

Pension Plans

 

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

59

 

 

$

231

 

Interest cost

 

 

2,817

 

 

 

2,141

 

Expected return on plan assets

 

 

(6,195

)

 

 

(6,597

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

26

 

 

 

30

 

Net actuarial loss (gain)

 

 

1,027

 

 

 

1,911

 

Settlement loss

 

 

407

 

 

 

384

 

Net periodic benefit cost (credit)

 

$

(1,859

)

 

$

(1,900

)

 

 

 

Pension Plans

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

270

 

 

$

457

 

Interest cost

 

 

5,817

 

 

 

4,256

 

Expected return on plan assets

 

 

(12,819

)

 

 

(13,131

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

55

 

 

 

60

 

Net actuarial loss (gain)

 

 

2,114

 

 

 

3,598

 

Settlement loss

 

 

843

 

 

 

764

 

Net periodic benefit cost (credit)

 

$

(3,720

)

 

$

(3,996

)