XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.2
Post Retirement Benefits
 6 Months Ended
Jun. 30, 2023
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
June 30,		Six months ended
June 30,
2023202220232022
Pension expense:
Multi-employer plan
$274 $254 $513 $461 
Defined contribution plan
441 386 969 751 
Total pension expense715 640 1,482 1,212 
Health and life insurance:
Interest cost
67 49 132 99 
Amortization of prior service credits(124)(125)(248)(248)
Amortization of net actuarial loss5 45 11 87 
Net periodic benefit credit(52)(31)(105)(62)
Total post-retirement benefits expense$663 $609 $1,377 $1,150 
The Company made payments of $1,669,000 to pension plans and $349,000 for post-retirement healthcare and life insurance during the six months ended June 30, 2023. For the remainder of 2023, the Company expects to make approximately $1,285,000 of pension plan payments, of which $274,000 was accrued at June 30, 2023. The Company also expects to make approximately $1,085,000 of post-retirement healthcare and life insurance payments for the remainder of 2023, all of which were accrued at June 30, 2023.