Retirement Plans

3 Months Ended

Mar. 31, 2024

Retirement Plans [Abstract]

Retirement Plans

7. 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)	2024			2023
Service cost	$	372		$	368
Interest cost		401			409
Expected return on plan assets		(242	)		(239	)
Recognized actuarial gain		(91	)		(139	)
Total defined benefit expense	$	440		$	399

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.