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Employee Pension Plans
 9 Months Ended
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)2024202320242023
Interest cost$911 $968 $2,732 $2,906 
Service cost231 255 694 765 
Expected return on plan assets(943)(978)(2,831)(2,935)
Recognized net actuarial losses437 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.