v3.26.3
Post Retirement Benefits
9 Months Ended
Sep. 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
September 30,
Nine months ended
September 30,
2026202520262025
Pension expense:
Multi-employer plan
$117 $85 $278 $333 
Defined contribution plan
420 425 1,214 1,302 
Total pension expense537 510 1,492 1,635 
Health and life insurance:
Interest cost
29 29 87 89 
Amortization of prior service credits(124)(124)(372)(372)
Amortization of net gain(22)(22)(66)(61)
Net periodic benefit credit(117)(117)(351)(344)
Total post-retirement benefits expense$420 $393 $1,141 $1,291 
The Company made payments of $1,110,000 to pension plans and $94,000 for post-retirement healthcare and life insurance during the nine months ended September 30, 2026. For the remainder of 2026, the Company expects to make approximately $335,000 of pension plan payments, of which $143,000 was accrued at September 30, 2026. The Company also expects to make approximately $46,000 of post-retirement healthcare and life insurance payments for the remainder of 2026, all of which were accrued at September 30, 2026.