XML 30 R18.htm IDEA: XBRL DOCUMENT v3.22.2
Pensions
 6 Months Ended
Jun. 30, 2022
Pensions [Abstract]  
Pensions

10.  Pensions

Components of Net Periodic Pension Cost

 
Three Months
Ended June 30
    
Six Months
Ended June 30
  
   
2022
    
2021
    
2022
    
2021
  
                         
Service cost
  
$
256
    
$
272
    
$
512
    
$
543
  
Interest cost
    
334
      
302
      
668
      
604
  
Expected return on plan assets
    
(1,054
)
    
(913
)
    
(2,109
)
    
(1,826
)
Amortization of actuarial loss
    
–
      
121
      
–
      
242
  
Amortization of prior service cost
    
(3
)
    
(3
)
    
(6
)
    
(6
)
Rate-regulated adjustment
    
1,042
      
796
      
2,085
      
1,593
  
Net periodic pension expense
  
$
575
    
$
575
    
$
1,150
    
$
1,150
  

Pension service cost is recorded in operating expenses.  All other components of net periodic pension cost are recorded as other pension costs in other income (expenses).

Employer Contributions

The Company previously disclosed in its financial statements for the year ended December 31, 2021 that it expected to contribute $2,300 to its pension plans in 2022.  For the six months ended June 30, 2022, contributions of $1,150 have been made.  The Company expects to contribute the remaining $1,150 during the final two quarters of 2022.