XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Post Retirement Benefits
 3 Months Ended
Mar. 31, 2021
Retirement Benefits [Abstract]  
Post Retirement Benefits POST RETIREMENT BENEFITS
The components of expense for the Company’s post-retirement benefit plans are as follows (in thousands):
Three months ended
March 31,
20212020
Pension expense:
Multi-employer plan
$189 $246 
Defined contribution plan
302 293 
Total pension expense491 539 
Health and life insurance:
Interest cost
41 59 
Amortization of prior service costs
(124)(124)
Amortization of net loss
43 45 
Net periodic benefit cost(40)(20)
Total post retirement benefits expense$451 $519 
The Company made payments of $201,000 to pension plans and $101,000 for post-retirement healthcare and life insurance during the three months ended March 31, 2021. For the remainder of 2021, the Company expects to make approximately $1,599,000 of pension plan payments, of which $774,000 was accrued at March 31, 2021. The Company also expects to make approximately $1,185,000 of post-retirement healthcare and life insurance payments for the remainder of 2021, all of which were accrued at March 31, 2021.