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Employee Retirement Plans
9 Months Ended
Sep. 30, 2025
Employee Retirement Plans  
Employee Retirement Plans

7.    Employee Retirement Plans

The components of pension expense were as follows:

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2025

    

2024

    

2025

    

2024

(Dollars in thousands)

Service cost

$

30

$

113

$

147

$

306

Interest cost

 

589

 

639

 

1,858

 

1,913

Expected return on plan assets

 

(642)

 

(607)

 

(1,898)

 

(1,831)

Net amortization and deferral

 

1

 

107

 

111

 

305

Pension expense

$

(22)

$

252

$

218

$

693

The components of pension expense other than the service cost component are included in “other income (expense), net” in the Condensed Consolidated Statements of Earnings.