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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Expense The components of the Company’s net periodic benefit expense for its pension obligations were as follows (in thousands):

 

 

 

Three months ended
June 30,

 

 

Six months ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

491

 

 

$

447

 

 

$

982

 

 

$

895

 

Interest cost on projected benefit obligation

 

 

861

 

 

 

855

 

 

 

1,722

 

 

 

1,710

 

Expected return on plan assets

 

 

(1,005

)

 

 

(878

)

 

 

(2,009

)

 

 

(1,756

)

Amortization of unrecognized prior service credit

 

 

(134

)

 

 

(123

)

 

 

(268

)

 

 

(245

)

Amortization of unrecognized net actuarial loss

 

 

357

 

 

 

316

 

 

 

715

 

 

 

632

 

Net periodic benefit expense

 

$

570

 

 

$

617

 

 

$

1,142

 

 

$

1,236