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Retirement Plans
6 Months Ended
Jun. 30, 2024
Retirement Plans [Abstract]  
Retirement Plans
7.
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
June 30,
   
Six Months Ended
June 30,
 
(In thousands)
 
2024
   
2023
   
2024
   
2023
 
Service cost
 
$
509
   
$
371
   
$
881
   
$
739
 
Interest cost
   
529
     
413
     
930
     
822
 
Expected return on plan assets
   
(260
)
   
(245
)
   
(502
)
   
(484
)
Recognized actuarial gain
   
(91
)
   
(138
)
   
(182
)
   
(277
)
Total defined benefit expense
 
$
687
   
$
401
   
$
1,127
   
$
800
 
 
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.