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Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2022
Compensation And Retirement Disclosure [Abstract]  
Components of Company Plan Benefit Expense The following table summarizes key information related to the Company’s defined benefit pension plans (in thousands):

 

 

 

Three Months Ended

March 31,

2022

 

 

Year Ended

December 31,

2021

 

Change in Projected Benefit Obligation

 

 

 

 

 

 

 

 

Projected benefit obligation, beginning of period

 

$

31,830

 

 

$

33,530

 

Service cost

 

 

280

 

 

 

1,404

 

Interest cost

 

 

240

 

 

 

1,274

 

Actuarial gain

 

 

 

 

 

(3,505

)

Benefits paid

 

 

(224

)

 

 

(873

)

Projected benefit obligation, end of period

 

$

32,126

 

 

$

31,830

 

Change in Plan Assets

 

 

 

 

 

 

 

 

Plan assets at fair value, beginning of period

 

$

 

 

$

 

Company contributions

 

 

224

 

 

 

873

 

Benefits paid

 

 

(224

)

 

 

(873

)

Plan assets at fair value, end of period

 

$

 

 

$

 

Unfunded Status of the Plan

 

$

32,126

 

 

$

31,830

 

 

 

Components of Net Periodic Benefit Cost

 

 

 

Three Months Ended

 

 

 

 

March 31,

2022

 

 

March 31,

2021

 

 

Components of Net Periodic Benefit Cost

 

 

 

 

 

 

 

 

 

Service cost

 

$

280

 

 

$

351

 

 

Interest cost

 

 

240

 

 

 

319

 

 

Net loss

 

 

108

 

 

 

197

 

 

Net periodic pension cost

 

$

628

 

 

$

867