v3.25.2
Pension Plans And Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2025
Pension Plans And Other Postretirement Benefits [Abstract]  
Pension Plans And Other Postretirement Benefits Note 10 – Pension Plans and Other Postretirement Benefits  

The Company maintains a qualified defined benefit pension plan (the “Pension Plan”), a nonqualified pension plan, and other postretirement benefit plans for certain of its employees.

The following tables provide the components of net periodic benefit cost for the Company’s pension and other postretirement benefit plans:

Pension Benefits

Three Months Ended

Six Months Ended

June 30,

June 30,

2025

2024

2025

2024

Service cost

$

304

$

357

$

608

$

714

Interest cost

3,991

3,908

7,982

7,816

Expected return on plan assets

(4,266)

(4,696)

(8,532)

(9,392)

Amortization of prior service cost

78

81

156

162

Amortization of actuarial loss

833

751

1,666

1,502

Net periodic benefit cost

$

940

$

401

$

1,880

$

802

Other

Postretirement Benefits

Three Months Ended

Six Months Ended

June 30,

June 30,

2025

2024

2025

2024

Service cost

$

372

$

363

$

744

$

726

Interest cost

1,132

1,112

2,264

2,224

Expected return on plan assets

(1,071)

(1,105)

(2,142)

(2,210)

Amortization of actuarial gain

(401)

(267)

(802)

(534)

Net periodic benefit cost

$

32

$

103

$

64

$

206

The net periodic benefit cost is based on estimated values and an extensive use of assumptions about the discount rate, expected return on plan assets, the rate of future compensation increases received by the Company’s employees, mortality, turnover, and medical costs. The Company presents the components of net periodic benefit cost other than service cost in the condensed consolidated statements of operations and comprehensive income on the line item “Other”.

The Company did not make cash contributions to its Pension Plan during the first half of 2025 and intends to make cash contributions of $3,945 later in the year.