Note 4 - Employee Benefit Plans

6 Months Ended

Jun. 30, 2025

Disclosure Text Block [Abstract]

Employee Benefit Plans

Note 4. Employee Benefit Plans

We sponsor defined benefit pension plans covering all non-hourly U.S. employees hired prior to July 2024 and our hourly workers at the Lucky Friday mine, as well as and a Supplemental Excess Retirement Plan covering certain eligible employees.

Net periodic pension cost (benefit) for the plans consisted of the following for the three and six months ended June 30, 2025 and 2024 (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Service cost	$	1,068		$	915		$	2,136		$	1,830
Interest cost		2,094			2,075			4,188			4,151
Expected return on plan assets		(3,251	)		(3,136	)		(6,502	)		(6,272	)
Amortization of prior service cost		20			66			40			132
Amortization of net loss		326			16			652			31
Net periodic pension cost (benefit)	$	257		$	(64	)	$	514		$	(128	)

For the three and six months ended June 30, 2025 and 2024, 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 $0.8 million and $1.6 million, for the three and six months ended June 30, 2025, respectively, and $1.0 million and $2.0 million, respectively, for the three and six months ended June 30, 2024, is included in other income on our condensed consolidated statements of operations and comprehensive income.