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Retirement Plans (Tables)
3 Months Ended
Mar. 31, 2024
Defined Benefit Plan Disclosure [Line Items]  
Net Periodic Benefit Cost

The components of net periodic benefit cost for the Company’s defined benefit plans were as follows (in thousands):

 

 

Pension Benefits

 

 

 

Pension Plans

 

 

SERP

 

 

 

Three Months Ended March 31,

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

874

 

 

$

892

 

 

$

 

 

$

 

Interest cost

 

 

4,320

 

 

 

4,606

 

 

 

10

 

 

 

11

 

Expected return on plan assets

 

 

(6,219

)

 

 

(5,723

)

 

 

 

 

 

 

Amortization of actuarial (gain) loss

 

 

(473

)

 

 

 

 

 

8

 

 

 

6

 

Net periodic benefit cost

 

$

(1,498

)

 

$

(225

)

 

$

18

 

 

$

17

 

Other Postretirement Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Net Periodic Benefit Cost

The components of net periodic benefit cost for the Company’s postretirement benefit plan were as follows (in thousands):

 

 

 

Other Postretirement Benefits

 

 

 

Postretirement Welfare Plan

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Interest cost

 

$

5

 

 

$

6

 

Amortization of actuarial gain

 

 

(70

)

 

 

(86

)

Net periodic benefit cost

 

$

(65

)

 

$

(80

)