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Postretirement Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost

Components of Net Periodic Benefit Cost

 

 

UNITED STATES

 

(In thousands)

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Interest cost

 

$

1,652

 

 

$

1,731

 

 

$

3,303

 

 

$

3,462

 

Expected return on plan assets

 

 

(2,124

)

 

 

(2,133

)

 

 

(4,240

)

 

 

(4,266

)

Amortization of net actuarial loss

 

 

(3

)

 

 

(6

)

 

 

(6

)

 

 

(12

)

Net periodic benefit cost

 

$

(475

)

 

$

(408

)

 

$

(943

)

 

$

(816

)

 

 

 

UNITED KINGDOM

 

(In thousands)

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Interest cost

 

$

160

 

 

$

169

 

 

$

321

 

 

$

333

 

Expected return on plan assets

 

 

(182

)

 

 

(175

)

 

 

(365

)

 

 

(345

)

Amortization of net actuarial loss

 

 

80

 

 

 

84

 

 

 

160

 

 

 

165

 

Net periodic benefit cost

 

$

58

 

 

$

78

 

 

$

116

 

 

$

153

 

Defined Contribution Plan Expenses for Company's Qualified Contribution Plans

Defined contribution plan expenses for the Company’s qualified contribution plans were as follows:

(In thousands)

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Retirement savings contributions

 

$

2,295

 

 

$

2,170

 

 

$

4,420

 

 

$

4,218

 

Profit sharing contributions

 

 

684

 

 

 

163

 

 

 

1,532

 

 

 

870

 

Total defined contribution plan expenses

 

$

2,979

 

 

$

2,333

 

 

$

5,952

 

 

$

5,088