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Defined Benefit Pension Plans
6 Months Ended
Jun. 30, 2021
Compensation And Retirement Disclosure [Abstract]  
Defined Benefit Pension Plans

6. Defined Benefit Pension Plans

Net periodic cost related to all of the Company's defined benefit pension plans recognized in the Company's unaudited Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2021 and 2020 included the following components:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(in thousands)

 

June 30,
2021

 

 

June 30,
2020

 

 

June 30,
2021

 

 

June 30,
2020

 

Service cost

 

$

316

 

 

$

311

 

 

$

619

 

 

$

631

 

Interest cost

 

 

2,857

 

 

 

4,097

 

 

 

5,675

 

 

 

8,238

 

Expected return on assets

 

 

(6,350

)

 

 

(6,945

)

 

 

(12,620

)

 

 

(13,963

)

Amortization of actuarial loss

 

 

2,529

 

 

 

2,614

 

 

 

5,171

 

 

 

5,234

 

Net periodic (benefit)/cost

 

$

(648

)

 

$

77

 

 

$

(1,155

)

 

$

140

 

For the three months ended June 30, 2021 and 2020, the non-service components of net periodic pension benefit of $(964,000) and $(234,000), respectively, are included in "Other Income (Expense), net" on the unaudited Condensed Consolidated Statement of Operations. For the six months ended June 30, 2021 and 2020, the non-service components of net periodic pension benefit of $(1,774,000) and $(491,000), respectively, are included in "Other Income (Expense), net" on the unaudited Condensed Consolidated Statement of Operations. For the six months ended June 30, 2021, the Company made contribution of $4,500,000 to the U.S. defined benefit pension plan and $358,000 to the U.K. defined benefit pension plans, respectively, as compared with $3,000,000 to the U.S. defined benefit pension plan and $288,000 to the U.K. defined benefit pension plans during the six months ended June 30, 2020.