Retirement Plans

3 Months Ended

Mar. 31, 2022

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 March 31,
(In thousands)	2022			2021
Service cost	$	408		$	436
Interest cost		244			212
Expected return on plan assets		(205	)		(184	)
Recognized actuarial loss		12			69
Total defined benefit expense	$	459		$	533

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.