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Employee Pension Plans
 6 Months Ended
Jun. 30, 2025
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, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Interest cost$933 $910 $1,866 $1,821 
Service cost170 232 340 463 
Expected return on plan assets(903)(944)(1,805)(1,888)
Recognized net actuarial losses414 438 828 875 
Net periodic benefit cost$614 $636 $1,229 $1,271 
The Company contributed $1.3 million to its defined benefit pension plan during both the six months ended June 30, 2025 and 2024, and expects to contribute an additional $1.2 million in cash by the end of 2025.