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RETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2022
RETIREMENT PLANS  
Schedule of components of the plan's net periodic pension cost

The Company recorded the net periodic benefit cost identified below (in thousands):

Three months ended

Six months ended

June 30, 2022

    

June 30, 2021

June 30, 2022

    

June 30, 2021

Pension benefits

Postretirement benefits

Pension benefits

Postretirement benefits

Pension benefits

Postretirement benefits

Pension benefits

Postretirement benefits

Operating expense

Service cost

$

57

$

36

$

54

$

35

$

114

$

72

$

108

$

70

Non-operating expense

Interest cost

565

33

572

41

1,130

66

1,144

82

Expected return on plan assets

 

(925)

 

(687)

 

 

(1,850)

 

(1,374)

 

Settlements

(1,725)

(1,725)

Net periodic pension expense (benefit)

$

(2,028)

$

69

$

(61)

$

76

$

(2,331)

$

138

$

(122)

$

152