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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2023
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 periods ended March 31, 2023 and 2022: 

 

 

Pension Plans

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Components of Net Periodic Benefit Cost (Credit):

 

 

 

 

 

 

 

 

Service cost

 

$

98

 

 

$

211

 

Interest cost

 

 

5,152

 

 

 

3,000

 

Expected return on plan assets

 

 

(5,816

)

 

 

(6,624

)

Amortization of:

 

 

 

 

 

 

 

 

Prior service cost

 

 

26

 

 

 

29

 

Net actuarial loss

 

 

1,510

 

 

 

1,087

 

Settlement loss

 

 

759

 

 

 

436

 

Net periodic benefit cost (credit)

 

$

1,729

 

 

$

(1,861

)