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Employee benefit plans
6 Months Ended
Jun. 30, 2021
Retirement Benefits [Abstract]  
Employee benefit plans Employee benefit plans
Pension and other postretirement plans
The Company has noncontributory qualified defined benefit pension plans and other postretirement benefit plans for certain eligible employees. Components of net periodic benefit credit for the Company's pension and other postretirement benefit plans were as follows:
Pension BenefitsOther
Postretirement Benefits
Three Months Ended June 30,2021202020212020
(In thousands)
Components of net periodic benefit credit:
Service cost$— $— $400 $414 
Interest cost2,455 3,074 466 627 
Expected return on assets(4,894)(5,214)(1,275)(1,401)
Amortization of prior service credit— — (349)(402)
Amortization of net actuarial loss2,004 1,723 142 
Net periodic benefit credit, including amount capitalized(435)(417)(752)(620)
Less amount capitalized— — 44 35 
Net periodic benefit credit$(435)$(417)$(796)$(655)
Pension BenefitsOther
Postretirement Benefits
Six Months Ended June 30,2021202020212020
(In thousands)
Components of net periodic benefit credit:
Service cost$— $— $800 $766 
Interest cost4,910 6,047 932 1,218 
Expected return on assets(9,788)(9,975)(2,550)(2,649)
Amortization of prior service credit
— — (698)(699)
Amortization of net actuarial loss4,008 3,586 12 144 
Net periodic benefit credit, including amount capitalized(870)(342)(1,504)(1,220)
Less amount capitalized— — 83 67 
Net periodic benefit credit$(870)$(342)$(1,587)$(1,287)
The components of net periodic benefit credit, other than the service cost component, are included in other income on the Consolidated Statements of Income. The service cost component is included in operation and maintenance expense on the Consolidated Statements of Income.
Nonqualified defined benefit plans
In addition to the qualified defined benefit pension plans reflected in the table at the beginning of this note, the Company also has unfunded, nonqualified defined benefit plans for executive officers and certain key management employees. The Company's net periodic benefit cost for these plans was $769,000 and $1.5 million for the three and six months ended June 30, 2021, respectively. The Company's net periodic benefit cost for these plans for the three and six months ended June 30, 2020 was $900,000 and $1.9 million, respectively. The components of net periodic benefit cost for these plans are included in other income on the Consolidated Statements of Income.