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Employee Benefit Plans
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
The Company provides certain full-time employees with retirement benefits under defined contribution plans. The Company's expense for its defined contribution plans amounted to $14.2 million, $17.7 million and $17.2 million for the years ended December 31, 2024, 2023, and 2022, respectively.

The Company also has a postretirement health care benefit plan covering substantially all of its full-time employees hired prior to January 1, 2003. These plans are generally contributory and include a cap on the Company's share of the related costs. The measurement date for this plan is December 31.

Obligation and Funded Status

Following are the details of the obligation and funded status of the postretirement health care benefit plan:
(in thousands)
Change in benefit obligation20242023
Benefit obligation at beginning of year$17,266 $17,433 
Service cost133 151 
Interest cost785 830 
Actuarial (gains) losses(911)(66)
Participant contributions227 257 
Benefits paid(1,573)(1,339)
Benefit obligation at end of year$15,927 $17,266 
(in thousands)
Change in plan assets20242023
Fair value of plan assets at beginning of year$— $— 
Company contributions1,346 1,082 
Participant contributions227 257 
Benefits paid(1,573)(1,339)
Fair value of plan assets at end of year$— $— 
Underfunded status of plans at end of year$(15,927)$(17,266)

Amounts recognized in the Consolidated Balance Sheets consist of:
December 31,
(in thousands)20242023
Accrued expenses and other current liabilities$1,282 $1,242 
Other long-term liabilities14,645 16,024 
Net amount recognized$15,927 $17,266 

Following are the details of the amounts recognized in Accumulated other comprehensive income before taxes for the year ended December 31, 2024:
(in thousands)Unamortized Actuarial Net GainsUnamortized Prior Service Costs
Balance at beginning of year$11,744 $(6,243)
Amounts arising during the period911 — 
Amounts recognized as a component of net periodic benefit cost— (1,206)
Balance at end of year$12,655 $(7,449)
The benefits expected to be paid for the postretirement health care benefit plan over the next ten years are as follows:
(in thousands)Postretirement Benefits
2025$1,282 
20261,285 
20271,288 
20281,287 
20291,284 
2030-20346,167 

The components of the net periodic benefit cost are as follows:
Year Ended December 31,
(in thousands)202420232022
Service cost$133 $151 $248 
Interest cost785 830 586 
Amortization of prior service cost(911)(911)(911)
Amortization of actuarial gain(295)(323)— 
Net periodic benefit (gain) cost$(288)$(253)$(77)
 
The weighted-average assumptions of the postretirement health care benefit plan are as follows:
Year Ended December 31,
202420232022
Used to Determine Benefit Obligations at Measurement Date
Discount rate5.4 %4.7 %4.9 %
Used to Determine Net Periodic Benefit Cost for Years ended December 31
Discount rate4.7 %4.9 %2.6 %
Expected long-term return on plan assets— — — 
Rate of compensation increases— — — 

Assumed Health Care Cost Trend Rates at Beginning of Year
20242023
Health care cost trend rate assumed for next year3.0 %3.0 %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) (a)
N/AN/A
Year that the rate reaches the ultimate trend rate (a)
N/AN/A
(a)In 2017, the Company's remaining uncapped participants were converted to a Medicare Exchange Health Reimbursement Arrangement, which put a 2% cap on the Company's share of the related costs.