Note 4 - Employee Benefit Plans

6 Months Ended

Jun. 30, 2024

Disclosure Text Block [Abstract]

Employee Benefit Plans

Note 4. Employee Benefit Plans

We sponsor three defined benefit pension plans, two of which cover substantially all U.S. employees. Net periodic pension benefit for the plans consisted of the following for the three and six months ended June 30, 2024 and 2023 (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Service cost	$	915		$	949		$	1,830		$	1,898
Interest cost		2,075			1,993			4,151			3,986
Expected return on plan assets		(3,136	)		(3,107	)		(6,272	)		(6,214	)
Amortization of prior service cost		66			125			132			250
Amortization of net loss		16			(47	)		31			(94	)
Net periodic pension benefit	$	(64	)	$	(87	)	$	(128	)	$	(174	)

For the three and six months ended June 30, 2024 and 2023, the service cost component of net periodic pension benefit is included in the same line items of our condensed consolidated financial statements as other employee compensation costs. The net benefit related to all other components of net periodic pension cost of $1.0 million and $2.0 million for the three and six months ended June 30, 2024, and $1.0 million and $2.1 million for the three and six months ended June 30, 2023, is included in other income on our condensed consolidated statements of operations and comprehensive income (loss).