v3.26.3
Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
Components of Company Plan Benefit Expense

The following tables summarize key information related to the Company’s pension plans and retirement agreements (in thousands):

 

 

 

Nine Months Ended
September 30,
2026

 

 

Year Ended
December 31,
2025

 

Change in Projected Benefit Obligation

 

 

 

 

 

 

Projected benefit obligation, beginning of period

 

$

29,041

 

 

$

27,027

 

Service cost

 

 

396

 

 

 

532

 

Interest cost

 

 

1,177

 

 

 

1,504

 

Actuarial loss

 

 

—

 

 

 

1,360

 

Benefits paid

 

 

(889

)

 

 

(1,382

)

Projected benefit obligation, end of period

 

$

29,725

 

 

$

29,041

 

Change in Plan Assets

 

 

 

 

 

 

Plan assets at fair value, beginning of period

 

$

—

 

 

$

—

 

Company contributions

 

 

889

 

 

 

1,382

 

Benefits paid

 

 

(889

)

 

 

(1,382

)

Plan assets at fair value, end of period

 

$

—

 

 

$

—

 

Unfunded Status of the Plan

 

$

29,725

 

 

$

29,041

 

Components of Net Periodic Benefit Cost

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2026

 

 

September 30, 2025

 

 

September 30, 2026

 

 

September 30, 2025

 

Components of Net Periodic Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

132

 

 

$

133

 

 

$

396

 

 

$

366

 

Interest cost

 

 

392

 

 

 

376

 

 

 

1,177

 

 

 

1,128

 

Net (gain) loss

 

 

8

 

 

 

(62

)

 

 

24

 

 

 

(187

)

Net periodic benefit cost

 

$

532

 

 

$

447

 

 

$

1,597

 

 

$

1,307