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Defined Benefit Plan (Tables)

9 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

The components of net periodic benefit costs for the defined benefit plans and other postretirement benefits for the three and nine months ended September 30, 2020, and 2019 are as follows:

	Three months ended September 30,							Nine months ended September 30,
	2020				2019			2020				2019
Service cost	$	2,390			1,479			$	7,170			4,437
Interest cost	2,860				2,113			8,580				6,338
Expected return on assets	(4,126		)		(2,310	)		(12,429		)		(6,929	)
Unrecognized actuarial loss	1,296				1,056			3,888				3,168
Amortization of prior service cost	39				61			115				184
	$	2,459			2,399			$	7,324			7,198

Schedule of Allocation of Plan Assets

The following tables summarize the fair values of plan assets by major categories as of September 30, 2020, and December 31, 2019: 

	Fair Value Measurements at September 30, 2020
					Quoted Prices in Active Markets for Identical Assets			Significant Observable Inputs			Significant Unobservable Inputs
Asset Category	Total				(Level 1)			(Level 2)			(Level 3)
Cash and cash equivalents	$	7,921			7,921			—			—
Equity securities (a)	159,687				155,850			3,837			—
Fixed income (b)	101,653				34,806			66,847			—
Total	$	269,261			198,577			70,684			—

______________________________________

(a) Actively managed portfolio of equity securities with the goal to exceed the benchmark performance

(b) Actively managed portfolio of fixed income securities with the goal to exceed the benchmark performance

	Fair Value Measurements at December 31, 2019
					Quoted Prices in Active Markets for Identical Assets			Significant Observable Inputs			Significant Unobservable Inputs
Asset Category	Total				(Level 1)			(Level 2)			(Level 3)
Cash and cash equivalents	$	11,801			11,801			—			—
Equity securities (a)	157,050				149,265			7,785			—
Fixed income (b)	91,896				31,686			60,210			—
Total	$	260,747			192,752			67,995			—

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- References

No definition available.

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- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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