Employee Benefit Plans

6 Months Ended

Jun. 30, 2022

Employee Benefit Plans

Employee Benefit Plans

13. Employee Benefit Plans

The following table details the components of pension benefit costs (credits):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In thousands)
Interest cost(1)	$	1,094	$	1,067	$	2,187	$	2,135
Expected return on plan assets(1)		(1,433)		(1,824)		(2,865)		(3,648)
Pension settlement(1)		(414)		(988)		(414)		(988)
Amortization of prior service credits (1)		(177)		(43)		(73)		(87)
Net benefit credit	$	(930)	$	(1,788)	$	(1,165)	$	(2,588)

The following table details the components of other postretirement benefit cost (credit):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In thousands)
Service cost	$	70	$	85	$	141	$	170
Interest cost(1)		502		528		1,003		1,056
Amortization of other actuarial gains (1)		(627)		—		(1,254)		—
Net benefit (credit) cost	$	(55)	$	613	$	(110)	$	1,226

(1) In accordance with the adoption of ASU 2017-07, “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” these costs are recorded within Nonoperating expenses in the Condensed Consolidated Income Statements on the line item “Non-service related pension and postretirement benefit costs.”

(1)