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Retirement Plans (Tables)
3 Months Ended
Mar. 31, 2023
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 March 31,

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

892

 

 

$

1,611

 

 

$

 

 

$

 

Interest cost

 

 

4,606

 

 

 

3,722

 

 

 

11

 

 

 

7

 

Expected return on plan assets

 

 

(5,723

)

 

 

(7,142

)

 

 

 

 

 

 

Amortization of actuarial loss

 

 

 

 

 

110

 

 

 

6

 

 

 

7

 

Net periodic benefit cost

 

$

(225

)

 

$

(1,699

)

 

$

17

 

 

$

14

 

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 March 31,

 

 

 

2023

 

 

2022

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Interest cost

 

$

6

 

 

$

4

 

Amortization of actuarial gain

 

 

(86

)

 

 

(98

)

Net periodic benefit cost

 

$

(80

)

 

$

(94

)