v3.26.1
Retirement Plans
 3 Months Ended
Mar. 31, 2026
Retirement Plans [Abstract]  
Retirement Plans
9.
Retirement Plans

The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:

 
Three Months Ended
March 31,
  
(In thousands)
  
2026
     2025
  
Service cost
  
$
313
    
$
369
  
Interest cost
     444       444  
Expected return on plan assets
    
(278
)
    
(265
)
Recognized actuarial gain
     (39 )     (72 )
Total defined benefit expense
  
$
440
    
$
476
  

The Company’s non-service cost portion of defined benefit expense is recorded in Interest Expense on the Company’s Consolidated Statements of Earnings. The Company’s service cost portion of defined benefit expense is recorded in Selling and Administrative Expenses on the Company’s Consolidated Statements of Earnings.