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RETIREMENT PLANS (Tables)
3 Months Ended
Mar. 31, 2025
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

March 31, 2025

   

March 31, 2024

Pension benefits

Postretirement benefits

Pension benefits

Postretirement benefits

Operating expense

Service cost

$

20

$

19

$

22

$

16

Non-operating expense

Interest cost

795

49

824

45

Expected return on plan assets

 

(749)

 

(729)

 

Amortization of unrecognized actuarial gain

(44)

(14)

(11)

(28)

Settlements

Net periodic pension expense (benefit)

$

22

$

54

$

106

$

33