v3.26.1
Post Retirement Benefits
6 Months Ended
Jun. 30, 2026
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,
2026202520262025
Pension expense:
Multi-employer plan
$89 $118 $161 $248 
Defined contribution plan
384 411 794 877 
Total pension expense473 529 955 1,125 
Health and life insurance:
Interest cost
29 29 58 60 
Amortization of prior service credits(124)(124)(248)(248)
Amortization of net gain(22)(22)(44)(39)
Net periodic benefit credit(117)(117)(234)(227)
Total post-retirement benefits expense$356 $412 $721 $898 
The Company made payments of $1,015,000 to pension plans and $65,000 for post-retirement healthcare and life insurance during the six months ended June 30, 2026. For the remainder of 2026, the Company expects to make approximately $620,000 of pension plan payments, of which $84,000 was accrued at June 30, 2026. The Company also expects to make approximately $92,000 of post-retirement healthcare and life insurance payments for the remainder of 2026, all of which were accrued at June 30, 2026.