v3.26.1
Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2026
Pension Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Net Periodic Benefit Cost

The components of net periodic benefit cost for the Company’s defined benefit plans were as follows (in thousands):

 

 

Pension Benefits

 

 

 

Pension Plans

 

 

SERP

 

 

 

Three Months Ended June 30,

 

 

Three Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

741

 

 

$

878

 

 

$

 

 

$

 

Interest cost

 

 

4,617

 

 

 

4,608

 

 

 

9

 

 

 

10

 

Expected return on plan assets

 

 

(7,649

)

 

 

(6,812

)

 

 

 

 

 

 

Amortization of actuarial (gain) loss

 

 

(2,931

)

 

 

(2,067

)

 

 

8

 

 

 

7

 

Net periodic benefit cost

 

$

(5,222

)

 

$

(3,393

)

 

$

17

 

 

$

17

 

 

 

 

Pension Benefits

 

 

 

Pension Plans

 

 

SERP

 

 

 

Six Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1,350

 

 

$

1,483

 

 

$

 

 

$

 

Interest cost

 

 

9,161

 

 

 

9,095

 

 

 

18

 

 

 

20

 

Expected return on plan assets

 

 

(15,280

)

 

 

(13,621

)

 

 

 

 

 

 

Amortization of actuarial (gain) loss

 

 

(6,030

)

 

 

(4,501

)

 

 

16

 

 

 

14

 

Net periodic benefit cost

 

$

(10,799

)

 

$

(7,544

)

 

$

34

 

 

$

34

 

Other Postretirement Benefits [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Net Periodic Benefit Cost

The components of net periodic benefit cost for the Company’s postretirement benefit plan were as follows (in thousands):

 

 

 

Other Postretirement Benefits

 

 

 

Postretirement Welfare Plan

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

4

 

 

$

6

 

 

$

9

 

 

$

11

 

Amortization of actuarial gain

 

 

(58

)

 

 

(66

)

 

 

(115

)

 

 

(131

)

Net periodic benefit cost

 

$

(54

)

 

$

(60

)

 

$

(106

)

 

$

(120

)