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Pension and Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2022
Defined Benefit Pension Plan [Member]  
Schedule of Net Benefit Costs The total benefit arising from the Company’s defined benefit pension plans consists of the following components:
  Three Months Ended 
 June 30
Six Months Ended 
 June 30
(in thousands)2022202120222021
Service cost$4,993 $5,877 $11,024 $11,479 
Interest cost7,611 6,754 15,281 13,408 
Expected return on assets(41,963)(33,702)(83,926)(68,278)
Amortization of prior service cost709 712 1,418 1,423 
Recognized actuarial gain(17,539)(1,671)(34,768)(4,563)
Net Periodic Benefit(46,189)(22,030)(90,971)(46,531)
Special separation benefit expense
 1,118  1,118 
Total Benefit$(46,189)$(20,912)$(90,971)$(45,413)
Schedule of Allocation of Plan Assets The assets of the Company’s pension plans were allocated as follows:
  As of
  June 30,
2022
December 31,
2021
  
U.S. equities63 %61 %
Private investment funds16 %17 %
U.S. stock index fund8 %%
International equities8 %%
U.S. fixed income5 %%
  100 %100 %
Supplemental Executive Retirement Plan (SERP) [Member]  
Schedule of Net Benefit Costs
The total cost arising from the Company’s Supplemental Executive Retirement Plan (SERP) consists of the following components:
  Three Months Ended 
 June 30
Six Months Ended 
 June 30
(in thousands)2022202120222021
Service cost$228 $256 $456 $511 
Interest cost822 735 1,644 1,471 
Amortization of prior service cost9 82 18 165 
Recognized actuarial loss167 1,483 333 2,965 
Net Periodic Cost$1,226 $2,556 $2,451 $5,112 
Other Postretirement Benefit Plan, Defined Benefit [Member]  
Schedule of Net Benefit Costs
Other Postretirement Plans. The total benefit arising from the Company’s other postretirement plans consists of the following components:
  Three Months Ended 
 June 30
Six Months Ended 
 June 30
(in thousands)2022202120222021
Interest cost$25 $10 $49 $46 
Amortization of prior service credit(2)(2)(4)(4)
Recognized actuarial gain(710)(736)(1,421)(1,755)
Net Periodic Benefit$(687)$(728)$(1,376)$(1,713)