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Defined Benefit Pension Plans
 3 Months Ended
Mar. 31, 2023
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans

6. Defined Benefit Pension Plans

Net periodic cost (benefit) related to all of the Company's defined benefit pension plans recognized in the Company's unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022 included the following components:

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,
2023

 

 

March 31,
2022

 

Service cost

 

$

357

 

 

$

345

 

Interest cost

 

 

5,939

 

 

 

3,394

 

Expected return on assets

 

 

(6,772

)

 

 

(6,419

)

Amortization of actuarial loss

 

 

2,978

 

 

 

2,527

 

Net periodic cost (benefit)

 

$

2,502

 

 

$

(153

)

 

For the three months ended March 31, 2023 and 2022, the non-service components of net periodic pension expense (benefit) of $2,145,000 and $(498,000), respectively, are included in "Other Income, net" on the unaudited Condensed Consolidated Statement of Operations. For the three months ended March 31, 2023, the Company made no contributions to the U.S. defined benefit pension plan and $502,000 to the U.K. defined benefit pension plans, as compared with no contributions to the U.S. defined benefit pension plan and $160,000 to the U.K. defined benefit pension plans during the three months ended March 31, 2022, respectively.