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Pension and Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Components of Pension and Employee Benefit Expenses

Retirement plan expense is based on valuations performed by plan actuaries as of the beginning of each fiscal year. The components of the pension plan expense consisted of the following:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Interest cost

 

$

304

 

 

$

318

 

 

$

608

 

 

$

637

 

Expected return on plan assets

 

 

(304

)

 

 

(285

)

 

 

(608

)

 

 

(571

)

Amortization of net actuarial loss

 

 

57

 

 

 

74

 

 

 

113

 

 

 

148

 

Net periodic benefit cost

 

$

57

 

 

$

107

 

 

$

113

 

 

$

214