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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 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
September 30,

 

 

Nine months ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

490

 

 

$

447

 

 

$

1,472

 

 

$

1,342

 

Interest cost on projected benefit obligation

 

 

861

 

 

 

855

 

 

 

2,583

 

 

 

2,565

 

Expected return on plan assets

 

 

(1,004

)

 

 

(878

)

 

 

(3,013

)

 

 

(2,634

)

Amortization of unrecognized prior service credit

 

 

(134

)

 

 

(123

)

 

 

(402

)

 

 

(368

)

Amortization of unrecognized net actuarial loss

 

 

358

 

 

 

316

 

 

 

1,073

 

 

 

948

 

Net periodic benefit expense

 

$

571

 

 

$

617

 

 

$

1,713

 

 

$

1,853