v3.26.1
Note 5 - Employee Benefit Plans
 3 Months Ended
Mar. 31, 2026
Disclosure Text Block [Abstract]  
Employee Benefit Plans

Note 5. Employee Benefit Plans

 

We sponsor defined benefit pension plans covering all non-hourly U.S. employees hired prior to July 2024 and our hourly workers at the Lucky Friday mine, as well as a Supplemental Excess Retirement Plan ("SERP") covering certain eligible employees.

 

Net periodic pension cost for the plans consisted of the following for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2026

 

 

2025

 

Service cost

 

$

999

 

 

$

1,068

 

Interest cost

 

 

2,181

 

 

 

2,094

 

Expected return on plan assets

 

 

(2,969

)

 

 

(3,251

)

Amortization of prior service cost

 

 

20

 

 

 

20

 

Amortization of net loss

 

 

—

 

 

 

326

 

Net periodic pension cost

 

$

231

 

 

$

257

 

 

 

For the three months ended March 31, 2026 and 2025, the service cost component of net periodic pension cost is included in the same line items of our condensed consolidated financial statements as other employee compensation costs. For the three months ended March 31, 2026, the net benefit related to all other components of net periodic pension cost of $0.8 million (2025: $0.8 million), is included in other income on our condensed consolidated statements of operations and comprehensive income.