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Employee Pension Plans | 9 Months Ended
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Sep. 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 nine months ended September 30, 2024 and 2023:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 | 2023 |  | 2024 | 2023
Interest cost | $ | 911 |  | $ | 968 |  |  | $ | 2,732 |  | $ | 2,906 |
Service cost | 231 |  | 255 |  |  | 694 |  | 765 |
Expected return on plan assets | (943) |  | (978) |  |  | (2,831) |  | (2,935) |
Recognized net actuarial losses | 437 |  | 413 |  |  | 1,312 |  | 1,239 |
Net periodic benefit cost | $ | 636 |  | $ | 658 |  |  | $ | 1,907 |  | $ | 1,975 |
The Company contributed $1.8 million and $0.6 million to its defined benefit pension plan during the nine months ended September 30, 2024 and 2023, respectively, and expects to contribute an additional $0.7 million in cash by the end of 2024.

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