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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2025
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
March 31,

 

 

 

2025

 

 

2024

 

Service cost

 

$

422

 

 

$

491

 

Interest cost on projected benefit obligation

 

 

888

 

 

 

861

 

Expected return on plan assets

 

 

(849

)

 

 

(1,005

)

Amortization of unrecognized prior service credit

 

 

(134

)

 

 

(134

)

Amortization of unrecognized net actuarial loss

 

 

274

 

 

 

358

 

Net periodic benefit expense

 

$

601

 

 

$

571