Retirement Plans

9 Months Ended

Sep. 30, 2021

Retirement Plans [Abstract]

Retirement Plans

10. Retirement Plans

The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2021			2020			2021			2020
Service cost	$	435		$	400		$	1,308		$	1,196
Interest cost		212			256			638			763
Expected return on plan assets		(184	)		(209	)		(553	)		(622	)
Recognized actuarial loss		69			16			207			47
Total defined benefit expense	$	532		$	463		$	1,600		$	1,384

The Company’s non-service cost portion of defined benefit expense is recorded in Interest Expense on the Company’s Consolidated Statements of Earnings. The Company’s service cost portion of defined benefit expense is recorded in Selling and Administrative Expenses on the Company’s Consolidated Statements of Earnings.