Retirement Plans

6 Months Ended

Jun. 30, 2021

Retirement Plans [Abstract]

Retirement Plans

9. 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 June 30,						Six Months Ended June 30,
(In thousands)	2021			2020			2021			2020
Service cost	$	437		$	396		$	873		$	796
Interest cost		214			251			426			507
Expected return on plan assets		(185	)		(204	)		(369	)		(413	)
Recognized actuarial loss		69			15			138			31
Total defined benefit expense	$	535		$	458		$	1,068		$	921

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.