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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 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
June 30,

 

 

Six months ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

422

 

 

$

491

 

 

$

844

 

 

$

982

 

Interest cost on projected benefit obligation

 

 

888

 

 

 

861

 

 

 

1,776

 

 

 

1,722

 

Expected return on plan assets

 

 

(849

)

 

 

(1,005

)

 

 

(1,698

)

 

 

(2,009

)

Amortization of unrecognized prior service credit

 

 

(134

)

 

 

(134

)

 

 

(268

)

 

 

(268

)

Amortization of unrecognized net actuarial loss

 

 

274

 

 

 

357

 

 

 

548

 

 

 

715

 

Net periodic benefit expense

 

$

601

 

 

$

570

 

 

$

1,202

 

 

$

1,142