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Employee Benefit Plans
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Pension Benefits – The Company’s Pension Plan covers all active employees hired prior to April 1, 2007. Employees hired after March 31, 2007 are not eligible to participate in this plan, but can participate in a defined contribution profit sharing plan that provides an annual contribution at the discretion of the Company, based upon a percentage of the participants’ annual paid compensation. For each of the three-month periods ended September 30, 2025 and 2024, the Company did not make cash contributions to the Pension Plan. For the nine-month periods ended September 30, 2025 and 2024, the Company made cash contributions of $0 and $2.0 million, respectively, to the Pension Plan. The Company expects to make cash contributions of approximately $0.9 million over the remainder of the current year.
Other Benefits – The Company’s Other Benefits Plan covers substantially all of its current retired employees. Employees hired after March 31, 2007 are not eligible to participate in this plan. Coverage includes healthcare and life insurance. For each of the three- and nine-month periods ended September 30, 2025 and 2024, the Company did not make cash contributions to its Other Benefits Plan. The Company expects to make additional Other Benefits Plan cash contributions of $1.0 million over the remainder of the current year.
The following tables set forth information relating to the Company’s periodic costs (benefit) for its employee retirement benefit plans:
(In Thousands)
Pension BenefitsOther Benefits
Three Months Ended September 30,
2025202420252024
Service Cost$242 $318 $85 $80 
Interest Cost1,159 1,070 430 328 
Expected Return on Assets(1,687)(1,580)(928)(846)
Amortization of Unrecognized Losses (Gains)12 38 (153)(275)
Net Periodic Benefit*$(274)$(154)$(566)$(713)
(In Thousands)
Pension BenefitsOther Benefits
Nine Months Ended September 30,
2025202420252024
Service Cost$725 $953 $255 $240 
Interest Cost3,476 3,210 1,289 985 
Expected Return on Assets(5,061)(4,741)(2,784)(2,538)
Amortization of Unrecognized Losses (Gains)37 114 (460)(824)
Net Periodic Benefit*$(823)$(464)$(1,700)$(2,137)
*Service cost is included Operations and Maintenance expense on the consolidated statements of income; all other amounts are included in Other Income (Expense), net.