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Pension Plans And Other Postretirement Benefits | 6 Months Ended
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Jun. 30, 2025
Pension Plans And Other Postretirement Benefits [Abstract] |
Pension Plans And Other Postretirement Benefits | Note 10 – Pension Plans and Other Postretirement Benefits The Company maintains a qualified defined benefit pension plan (the “Pension Plan”), a nonqualified pension plan, and other postretirement benefit plans for certain of its employees. The following tables provide the components of net periodic benefit cost for the Company’s pension and other postretirement benefit plans:
|  | Pension Benefits
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Service cost |  | $ | 304 |  | $ | 357 |  | $ | 608 |  | $ | 714
Interest cost |  |  | 3,991 |  |  | 3,908 |  |  | 7,982 |  |  | 7,816
Expected return on plan assets |  |  | (4,266) |  |  | (4,696) |  |  | (8,532) |  |  | (9,392)
Amortization of prior service cost |  |  | 78 |  |  | 81 |  |  | 156 |  |  | 162
Amortization of actuarial loss |  |  | 833 |  |  | 751 |  |  | 1,666 |  |  | 1,502
Net periodic benefit cost |  | $ | 940 |  | $ | 401 |  | $ | 1,880 |  | $ | 802
|  | Other
|  | Postretirement Benefits
|  |  | Three Months Ended |  |  | Six Months Ended
|  |  | June 30, |  |  | June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Service cost |  | $ | 372 |  | $ | 363 |  | $ | 744 |  | $ | 726
Interest cost |  |  | 1,132 |  |  | 1,112 |  |  | 2,264 |  |  | 2,224
Expected return on plan assets |  |  | (1,071) |  |  | (1,105) |  |  | (2,142) |  |  | (2,210)
Amortization of actuarial gain |  |  | (401) |  |  | (267) |  |  | (802) |  |  | (534)
Net periodic benefit cost |  | $ | 32 |  | $ | 103 |  | $ | 64 |  | $ | 206
The net periodic benefit cost is based on estimated values and an extensive use of assumptions about the discount rate, expected return on plan assets, the rate of future compensation increases received by the Company’s employees, mortality, turnover, and medical costs. The Company presents the components of net periodic benefit cost other than service cost in the condensed consolidated statements of operations and comprehensive income on the line item “Other”. The Company did no t make cash contributions to its Pension Plan during the first half of 2025 and intends to make cash contributions of $3,945 later in the year.

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