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Pension Plans and Postretirement Benefit Plan (Tables)
9 Months Ended
Sep. 30, 2020
Compensation And Retirement Disclosure [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 nine months ended September 30, 2020, and September 30, 2019.

 

 

 

Pension Benefits

 

 

Postretirement Benefits

 

(dollars in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Three Months Ended September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service Cost

 

$

 

 

$

 

 

$

152

 

 

$

117

 

Interest Cost

 

 

900

 

 

 

1,093

 

 

 

230

 

 

 

257

 

Expected Return on Plan Assets

 

 

(1,258

)

 

 

(1,249

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Service Credit

 

 

 

 

 

 

 

 

(61

)

 

 

(72

)

Net Actuarial Losses (Gains)

 

 

570

 

 

 

484

 

 

 

 

 

 

(78

)

Net Periodic Benefit Cost

 

$

212

 

 

$

328

 

 

$

321

 

 

$

224

 

Nine Months Ended September 30,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service Cost

 

$

 

 

$

 

 

$

454

 

 

$

235

 

Interest Cost

 

 

2,699

 

 

 

2,187

 

 

 

694

 

 

 

515

 

Expected Return on Plan Assets

 

 

(3,773

)

 

 

(2,498

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Service Credit

 

 

 

 

 

 

 

 

(184

)

 

 

(144

)

Net Actuarial Losses (Gains)

 

 

1,711

 

 

 

968

 

 

 

 

 

 

(156

)

Net Periodic Benefit Cost

 

$

637

 

 

$

657

 

 

$

964

 

 

$

450