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v3.23.1

Pension and Other Postretirement Benefit Plans | 3 Months Ended
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Mar. 31, 2023
Notes to Financial Statements |
Pension and Other Postretirement Benefit Plans | 9. Pension and Other Postretirement Benefit Plans The following table sets forth information regarding the components of net expense for the pension and other postretirement benefit plans. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended |
​ |  | March 31, |
(In thousands) |  | 2023 |  | 2022 |
Employee Pension Plan: |  | ​ |  |  | ​ |  |
Interest cost | ​ | $ | 203 | ​ | $ | 138 | ​
Amortization of unrecognized loss | ​ |  | — | ​ |  | 1 | ​
Expected return on plan assets | ​ |  | (277) | ​ |  | (257) | ​
Net employee pension benefit | ​ | $ | (74) | ​ | $ | (118) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outside Director Pension Plan: | ​ |  |  | ​ |  |  | ​
Service cost | ​ | $ | 2 | ​ | $ | 3 | ​
Interest cost | ​ |  | 15 | ​ |  | 11 | ​
Amortization of unrecognized gain | ​ |  | (40) | ​ |  | (7) | ​
Net outside director pension expense | ​ | $ | (23) | ​ | $ | 7 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other Postretirement Benefit Plans: | ​ |  |  | ​ |  |  | ​
Service cost | ​ | $ | 40 | ​ | $ | 67 | ​
Interest cost | ​ |  | 95 | ​ |  | 70 | ​
Amortization of unrecognized gain | ​ | ​ | (60) | ​ | ​ | — | ​
Amortization of past service credit | ​ |  | — | ​ |  | (7) | ​
Net other postretirement expense | ​ | $ | 75 | ​ | $ | 130 | ​
​ The Company previously disclosed in its Consolidated Financial Statements for the year ended December 31, 2022 that it expects to contribute $0.2 million to the Outside Director Pension Plan (the “Outside Director Pension Plan”) and $0.3 million to the other postretirement benefit plans (the “Other Postretirement Benefit Plans”), during the year ending December 31, 2023. The Company does not expect to make a contribution to the Employee Pension Plan. As of March 31, 2023, the Company had contributed $32,000 to the Outside Director Pension Plan and $15,000 to the Other Postretirement Benefit Plans. As of March 31, 2023, the Company has not revised its expected contributions for the year ending December 31, 2023.

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