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Benefit Plan | 9 Months Ended
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Sep. 30, 2019
Defined Benefit Plan [Abstract] |
Benefit Plan | Benefit Plans Park has a noncontributory defined benefit pension plan (the "Pension Plan") covering substantially all of its employees. The Pension Plan provides benefits based on an employee’s years of service and compensation. There were no Pension Plan contributions for any of the three-month or nine-month periods ended September 30, 2019 and 2018. The following table shows the components of net periodic pension benefit expense (income):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, | Affected Line Item in the Consolidated Condensed Statements of Income
(In thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Service cost |  | $ | 1,468 |  |  | $ | 1,637 |  |  | $ | 4,404 |  |  | $ | 4,911 |  | Employee benefits
Interest cost |  | 1,373 |  |  | 1,309 |  |  | 4,119 |  |  | 3,927 |  | Other components of net periodic pension benefit income
Expected return on plan assets |  | (3,026 | ) |  | (3,354 | ) |  | (9,078 | ) |  | (10,062 | ) | Other components of net periodic pension benefit income
Recognized net actuarial loss |  | 470 |  |  | 340 |  |  | 1,410 |  |  | 1,020 |  | Other components of net periodic pension benefit income
Net periodic pension benefit expense (income) |  | $ | 285 |  |  | $ | (68 | ) |  | $ | 855 |  |  | $ | (204 | ) |
Park has entered into Supplemental Executive Retirement Plan Agreements (the “SERP Agreements”) with certain key officers of the Corporation and its subsidiaries which provide defined pension benefits in excess of limits imposed by federal tax law. The expense for the Corporation related to the SERP Agreements for the three months and nine months ended September 30, 2019 and 2018 was as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, | Affected Line Item in the Consolidated Condensed Statement of Income
(In thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Service cost |  | $ | 202 |  |  | $ | 157 |  |  | $ | 604 |  |  | $ | 635 |  | Employee benefits
Interest cost |  | 165 |  |  | 188 |  |  | 495 |  |  | 349 |  | Miscellaneous expense
Total SERP expense |  | $ | 367 |  |  | $ | 345 |  |  | $ | 1,099 |  |  | $ | 984 |  |

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- References No definition available. + Details
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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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