XML 29 R18.htm IDEA: XBRL DOCUMENT v3.24.3
Post Retirement Benefits
9 Months Ended
Sep. 30, 2024
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
September 30,
Nine months ended
September 30,
2024202320242023
Pension expense:
Multi-employer plan
$199 $221 $624 $734 
Defined contribution plan
459 471 1,397 1,440 
Total pension expense658 692 2,021 2,174 
Health and life insurance:
Interest cost
23 66 69 197 
Amortization of prior service credits(124)(124)(372)(372)
Amortization of net loss (gain)(37)(111)18 
Net periodic benefit credit(138)(52)(414)(157)
Total post-retirement benefits expense$520 $640 $1,607 $2,017 
The Company made payments of $2,156,000 to pension plans and $455,000 for post-retirement healthcare and life insurance during the nine months ended September 30, 2024. For the remainder of 2024, the Company expects to make approximately $479,000 of pension plan payments, of which $93,000 was accrued at September 30, 2024. The Company also expects to make approximately $93,000 of post-retirement healthcare and life insurance payments for the remainder of 2024, all of which were accrued at September 30, 2024.