XML 59 R19.htm IDEA: XBRL DOCUMENT v3.20.1
Pension Benefits
3 Months Ended
Mar. 31, 2020
Pension Benefits  
Pension Benefits

10.  Pension Benefits

We froze our pension plan effective March 31, 2006, pursuant to which most participants no longer earned future pension benefits. Effective February 16, 2009, the remaining participants in the pension plan no longer earned future benefits. The following summarizes our pension costs during the three months ended March 31, 2020 and 2019, respectively:

Three Months Ended

(Amounts in thousands)

    

March 31, 2020

    

March 31, 2019

Service cost

$

325

$

338

Interest cost

 

1,623

 

2,002

Expected return on plan assets

 

(3,279)

 

(3,330)

Amortization of net actuarial loss

 

257

 

191

Total net periodic benefit

$

(1,074)

$

(799)

The components of net periodic pension benefit other than the service cost component were included in "Other net periodic pension benefit" in the condensed consolidated statements of operations.

Weighted-Average Assumptions Used To Determine Net Cost

Three Months Ended

    

March 31, 2020

March 31, 2019

Discount rate

3.00

%  

4.05

%

Rate of compensation increase

 

N/A

 

N/A

 

Expected return on plan assets

6.50

%  

7.25

%

Employer Contributions

During the three month periods ended March 31, 2020 and 2019, we made pension contributions of $1.5 million.