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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Components of Net Periodic Benefits Cost

The following tables show the components of net periodic benefit cost included in expense for the periods indicated.



 

Three Months Ended June 30,

 

 

 

Pension Benefits

 

 

Other Post-Retirement Benefits

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

1,927

 

 

$

1,979

 

 

$

9

 

 

$

10

 

Interest cost

 

 

6,010

 

 

 

5,963

 

 

 

154

 

 

 

149

 

Expected return on plan assets

 

 

(11,906

)

 

 

(11,178

)

 

 

 

 

 

 

Amortization of net (gain) or loss and prior service costs

 

 

1,420

 

 

 

1,911

 

 

 

(185

)

 

 

(158

)

Net periodic benefit cost

 

$

(2,549

)

 

$

(1,325

)

 

$

(22

)

 

$

1

 

 



 

Six Months Ended June 30,

 

 

 

Pension Benefits

 

 

Other Post-Retirement Benefits

 

($ in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

3,906

 

 

$

3,959

 

 

$

18

 

 

$

(21

)

Interest cost

 

 

11,930

 

 

 

11,751

 

 

 

308

 

 

 

365

 

Expected return on plan assets

 

 

(23,823

)

 

 

(22,356

)

 

 

 

 

 

 

Amortization of net (gain) or loss and prior service costs

 

 

2,624

 

 

 

3,681

 

 

 

(370

)

 

 

(409

)

Net periodic benefit cost

 

$

(5,363

)

 

$

(2,965

)

 

$

(44

)

 

$

(65

)