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Employee Benefit Plans
 9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
Retirement Plan—The Newhall Land and Farming Company Retirement Plan (the “Retirement Plan”) is a defined benefit plan that is funded by the Company and qualified under the Employee Retirement Income Security Act. The Retirement Plan was frozen in 2004.
The components of net periodic cost (benefit) for the three and nine months ended September 30, 2023 and 2022, are as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Net periodic cost (benefit):
Interest cost
$202 $136 $606 $408 
Expected return on plan assets
(222)(261)(666)(783)
Amortization of net actuarial loss
41 13 122 39 
Net periodic cost (benefit)$21 $(112)$62 $(336)
Net periodic cost (benefit) does not include a service cost component as a result of the Retirement Plan being frozen. All other components of net periodic benefit are included in other income on the condensed consolidated statements of operations.