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Employee Pension Plans
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Employee Pension Plans Employee Pension Plans
The Company has a defined benefit pension plan and an unfunded supplemental retirement plan. Effective June 1, 2004, all benefit accruals under these plans were frozen; however, the current vested benefit was preserved. The pension disclosure presented below includes aggregated amounts for both of the Company’s plans.
The following table sets forth a summary of the net periodic benefit cost for the three and six months ended June 30, 2024 and 2023:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Interest cost$910 $969 $1,821 $1,938 
Service cost232 255 463 510 
Expected return on plan assets(944)(979)(1,888)(1,957)
Recognized net actuarial losses438 413 875 826 
Net periodic benefit cost$636 $658 $1,271 $1,317 
The Company contributed $1.3 million to its defined benefit pension plan during the six months ended June 30, 2024. The Company expects to contribute an additional $1.2 million in cash by the end of 2024. Due to availability of our prefunded pension balance related to the defined benefit pension plan, the Company was not required to make any cash payments during the six months ended June 30, 2023.