Pension and Other Post-Retirement Benefits

6 Months Ended

Jun. 30, 2019

Pension and Other Post-Retirement Benefits

Note 8. Pension and Other Post-Retirement Benefits

The following table sets forth certain disclosures for the Company’s pension and post-retirement plans for the periods indicated:

	For the Three Months Ended June 30,
	2019						2018
(in thousands)	Pension Benefits			Post- Retirement Benefits			Pension Benefits			Post- Retirement Benefits
Components of net periodic expense (credit): (1)
Interest cost	$	1,415		$	128		$	1,271		$	128
Expected return on plan assets		(3,483	)		—			(4,035	)		—
Amortization of prior-service costs		—			(62	)		—			(62	)
Amortization of net actuarial loss		2,509			31			1,795			76
Net periodic expense (credit)	$	441		$	97		$	(969	)	$	142

(1) Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income.

	For the Six Months Ended June 30,
	2019						2018
(in thousands)	Pension Benefits			Post- Retirement Benefits			Pension Benefits			Post- Retirement Benefits
Components of net periodic expense (credit): (1)
Interest cost	$	2,830		$	256		$	2,543		$	256
Expected return on plan assets		(6,966	)		—			(8,071	)		—
Amortization of prior-service costs		—			(124	)		—			(124	)
Amortization of net actuarial loss		5,018			62			3,591			153
Net periodic expense(credit)	$	882		$	194		$	(1,937	)	$	285

(1) Amounts are included in G&A expense on the Consolidated Statements of Income and Comprehensive Income.

The Company expects to contribute $1.2 million to its post-retirement plan to pay premiums and claims for the fiscal year ending December 31, 2019. The Company does not expect to make any contributions to its pension plan in 2019.