Retirement Plans

3 Months Ended

Mar. 31, 2021

Retirement Plans [Abstract]

Retirement Plans

8. Retirement Plans

The Company’s components of annual benefit cost for the defined benefit plans for the periods presented are as follows:

	Three Months Ended March 31,
(In thousands)	2021			2020
Service cost	$	436		$	400
Interest cost		212			256
Expected return on plan assets		(184	)		(209	)
Recognized actuarial loss		69			16
Total defined benefit expense	$	533		$	463

The Company’s non-service cost portion of defined benefit expense is recorded in Interest Expense on the Company’s Consolidated Statements of Earnings. The Company’s service cost portion of defined benefit expense is recorded in Selling and Administrative Expenses on the Company’s Consolidated Statements of Earnings.