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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 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 nine month periods ended September 30, 2022 and 2021:

 

 

 

Pension Plans

 

 

 

Three Months Ended September 30,

 

 

 

2022

 

 

2021

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

116

 

 

$

212

 

Interest cost

 

 

2,642

 

 

 

2,123

 

Expected return on plan assets

 

 

(5,808

)

 

 

(6,507

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

25

 

 

 

29

 

Net actuarial loss (gain)

 

 

1,370

 

 

 

1,874

 

Settlement loss

 

 

380

 

 

 

378

 

Net periodic benefit cost (credit)

 

$

(1,275

)

 

$

(1,891

)

 

 

 

Pension Plans

 

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

386

 

 

$

669

 

Interest cost

 

 

8,459

 

 

 

6,379

 

Expected return on plan assets

 

 

(18,627

)

 

 

(19,638

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

80

 

 

 

89

 

Net actuarial loss (gain)

 

 

3,484

 

 

 

5,472

 

Settlement loss

 

 

1,223

 

 

 

1,142

 

Net periodic benefit cost (credit)

 

$

(4,995

)

 

$

(5,887

)