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Pension Plans and Postretirement Benefit Plan (Tables)
6 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Schedule of components of net periodic benefit cost
Components of net periodic benefit cost for the Company’s pension plans and the postretirement benefit plan are presented in the following table for the three and six months ended June 30, 2020, and June 30, 2019.
 
Pension Benefits
 
Postretirement Benefits
(dollars in thousands)
2020

 
2019

 
2020

 
2019

Three Months Ended June 30,
 

 
 

 
 

 
 

Service Cost
$

 
$

 
$
152

 
$
117

Interest Cost
900

 
1,093

 
231

 
257

Expected Return on Plan Assets
(1,258
)
 
(1,249
)
 

 

Amortization of:
 

 
 

 
 

 
 

Prior Service Credit

 

 
(62
)
 
(72
)
Net Actuarial Losses (Gains)
571

 
484

 

 
(78
)
Net Periodic Benefit Cost
$
213

 
$
328

 
$
321

 
$
224

 
 
 
 
 
 
 
 
Six Months Ended June 30,
 

 
 

 
 

 
 

Service Cost
$

 
$

 
$
303

 
$
235

Interest Cost
1,800

 
2,187

 
462

 
515

Expected Return on Plan Assets
(2,516
)
 
(2,498
)
 

 

Amortization of:
 

 
 

 
 

 
 

Prior Service Credit

 

 
(123
)
 
(144
)
Net Actuarial Losses (Gains)
1,141

 
968

 

 
(156
)
Net Periodic Benefit Cost
$
425

 
$
657

 
$
642

 
$
450