XML 31 R20.htm IDEA: XBRL DOCUMENT v3.25.3
Employee Pension Plans
 9 Months Ended
Sep. 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 nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2025202420252024
Interest cost$933 $911 $2,799 $2,732 
Service cost170 231 510 694 
Expected return on plan assets(902)(943)(2,707)(2,831)
Recognized net actuarial losses414 437 1,242 1,312 
Net periodic benefit cost$615 $636 $1,844 $1,907 
The Company contributed $1.8 million to its defined benefit pension plan during both the nine months ended September 30, 2025 and 2024, and expects to contribute an additional $0.6 million in cash by the end of 2025.