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Pension and Other Postretirement Plans (Tables)
9 Months Ended
Sep. 30, 2021
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Costs

 

The following table presents the components of net periodic benefit costs recognized.

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1,432

 

 

$

1,324

 

 

$

4,296

 

 

$

3,972

 

Interest cost

 

 

2,280

 

 

 

3,052

 

 

 

6,840

 

 

 

9,157

 

Expected return on assets

 

 

(7,372

)

 

 

(6,807

)

 

 

(22,115

)

 

 

(20,422

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

(31

)

 

 

(31

)

 

 

(93

)

 

 

(93

)

Actuarial loss

 

 

1,662

 

 

 

1,339

 

 

 

4,985

 

 

 

4,018

 

Net periodic benefit (credit) cost

 

$

(2,029

)

 

$

(1,123

)

 

$

(6,087

)

 

$

(3,368

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

362

 

 

$

316

 

 

$

1,086

 

 

$

948

 

Interest cost

 

 

387

 

 

 

570

 

 

 

1,161

 

 

 

1,709

 

Expected return on assets

 

 

(819

)

 

 

(789

)

 

 

(2,457

)

 

 

(2,366

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Transition obligation

 

 

1

 

 

 

1

 

 

 

2

 

 

 

2

 

Prior service credit

 

 

(379

)

 

 

(667

)

 

 

(1,138

)

 

 

(2,001

)

Actuarial loss

 

 

123

 

 

 

55

 

 

 

370

 

 

 

165

 

Net periodic benefit (credit) cost

 

$

(325

)

 

$

(514

)

 

$

(976

)

 

$

(1,543

)