Pension and Other Post-Retirement Benefits

9 Months Ended

Sep. 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 September 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 Nine Months Ended September 30,
	2019						2018
(in thousands)	Pension Benefits			Post- Retirement Benefits			Pension Benefits			Post- Retirement Benefits
Components of net periodic expense (credit):(1)
Interest cost	$	4,245		$	384		$	3,814		$	384
Expected return on plan assets		(10,449	)		—			(12,106	)		—
Amortization of prior-service costs		—			(187	)		—			(186	)
Amortization of net actuarial loss		7,526			93			5,386			229
Net periodic expense (credit)	$	1,322		$	290		$	(2,906	)	$	427

(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.