Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2023

Retirement Benefits, Description [Abstract]

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

The components of net periodic benefit (income) cost are as follows:

	Three Months Ended March 31,
	Pension Benefits				Other Postretirement Benefits
	2023		2022		2023		2022
Service cost	$	104	$	180	$	—	$	(8)
Interest cost	2,455		1,360		19		9
Expected return on plan assets	(1,997)		(2,084)		—		—
Actuarial loss (gain) amortization	101		257		(30)		(24)
Prior service cost (income) amortization	8		2		(4)		1
Net periodic benefit (income) cost	$	671	$	(285)	$	(15)	$	(22)

Employer Contributions

As of March 31, 2023, $1.0 million and less than $0.1 million of contributions have been made to the Company’s U.S. and foreign pension plans and its other postretirement benefit plans, respectively. Taking into consideration current minimum cash contribution requirements, the Company currently expects to make full year cash contributions of approximately $5.3 million to its U.S. and foreign pension plans and approximately $0.2 million to its other postretirement benefit plans in 2023.