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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]  
Net Periodic Benefit Cost

The components of net periodic benefit cost for the Company’s defined benefit plans were as follows (in thousands):

 

 

 

Pension Benefits

 

 

 

Pension Plans

 

 

SERP

 

 

 

Three Months Ended June 30,

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1,658

 

 

$

2,053

 

 

$

 

 

$

 

Interest cost

 

 

3,640

 

 

 

3,535

 

 

 

8

 

 

 

7

 

Expected return on plan assets

 

 

(7,154

)

 

 

(6,559

)

 

 

 

 

 

 

Amortization of actuarial loss

 

 

132

 

 

 

790

 

 

 

8

 

 

 

10

 

Net periodic benefit cost

 

$

(1,724

)

 

$

(181

)

 

$

16

 

 

$

17

 

 

 

 

Pension Benefits

 

 

 

Pension Plans

 

 

SERP

 

 

 

Six Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

3,269

 

 

$

3,980

 

 

$

 

 

$

 

Interest cost

 

 

7,362

 

 

 

7,119

 

 

 

15

 

 

 

15

 

Expected return on plan assets

 

 

(14,296

)

 

 

(13,133

)

 

 

 

 

 

 

Amortization of actuarial loss

 

 

242

 

 

 

1,888

 

 

 

15

 

 

 

20

 

Net periodic benefit cost

 

$

(3,423

)

 

$

(146

)

 

$

30

 

 

$

35

 

Other Postretirement Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Net Periodic Benefit Cost

The components of net periodic benefit cost for the Company’s postretirement benefit plan were as follows (in thousands):

 

 

 

Other Postretirement Benefits

 

 

 

Postretirement Welfare Plan

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

 

4

 

 

 

4

 

 

 

8

 

 

 

8

 

Amortization of actuarial gain

 

 

(99

)

 

 

(112

)

 

 

(197

)

 

 

(225

)

Net periodic benefit cost

 

$

(95

)

 

$

(108

)

 

$

(189

)

 

$

(217

)