Workers Compensation Expense (Tables)

12 Months Ended

Dec. 31, 2023

Workers Compensation Expense

Workers' compensation expense

Workers’ compensation expense consists of the following components:

	Year Ended		Year Ended		Year Ended
	December 31,		December 31,		December 31,
	2023		2022		2021
Self-insured occupational disease benefits:
Service cost	$	3,974	$	5,991	$	7,796
Interest cost(1)		6,041		4,610		4,439
Net amortization(1)		(965)		628		2,363
Total occupational disease	$	9,050	$	11,229	$	14,598
Traumatic injury claims and assessments		277		(3,783)		3,925
Total workers’ compensation expense	$	9,327	$	7,446	$	18,523

(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 Consolidated Income Statements on the line item “Non-service related pension and postretirement benefit credits (costs).”

Schedule of Changes in Occupational Disease Obligations

	Year Ended		Year Ended
	December 31,		December 31,
(In thousands)	2023		2022
Beginning of period	$	120,008	$	167,585
Service cost		3,974		5,991
Interest cost		6,041		4,610
Actuarial loss (gain)		10,721		(48,859)
Benefit and administrative payments		(11,526)		(9,319)
	$	129,218	$	120,008

Schedule of Occupational Disease Obligation Assumptions Used

	Year Ended December 31, 2023	Year Ended December 31, 2022
(Percentages)
Discount rate	5.01	5.21

Workers' compensation liabilities

	Year Ended		Year Ended
	December 31,		December 31,
	2023		2022
(In thousands)
Occupational disease costs	$	129,218	$	120,008
Traumatic and other workers’ compensation claims		44,156		53,332
Total obligations		173,374		173,340
Less amount included in accrued expenses		18,724		17,584
Noncurrent obligations	$	154,650	$	155,756

Schedule of expected future payments

Year	(In thousands)
2024	$	12,837
2025		13,634
2026		13,750
2027		14,186
2028		14,564
Next 5 years		79,731
	$	148,702