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Retirement Plans (Tables)
9 Months Ended
Sep. 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 September 30,

 

 

 

Pension Benefits

 

 

Other Post-Retirement Benefits

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

1,900

 

 

$

1,979

 

 

$

7

 

 

$

8

 

Interest cost

 

 

6,056

 

 

 

6,052

 

 

 

135

 

 

 

160

 

Expected return on plan assets

 

 

(11,901

)

 

 

(11,177

)

 

 

 

 

 

 

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

 

 

1,530

 

 

 

1,981

 

 

 

(215

)

 

 

(243

)

Net periodic benefit cost

 

$

(2,415

)

 

$

(1,165

)

 

$

(73

)

 

$

(75

)

 



 

Nine Months Ended September 30,

 

 

 

Pension Benefits

 

 

Other Post-Retirement Benefits

 

($ in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost (benefit)

 

$

5,806

 

 

$

5,938

 

 

$

25

 

 

$

(13

)

Interest cost

 

 

17,986

 

 

 

17,803

 

 

 

443

 

 

 

525

 

Expected return on plan assets

 

 

(35,724

)

 

 

(33,533

)

 

 

 

 

 

 

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

 

 

4,154

 

 

 

5,662

 

 

 

(585

)

 

 

(652

)

Net periodic benefit cost

 

$

(7,778

)

 

$

(4,130

)

 

$

(117

)

 

$

(140

)