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Pension and Employee Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Components of Pension and Employee Benefit Expenses

Retirement plan expense is based on valuations performed by plan actuaries as of the beginning of each fiscal year. The components of the expense consisted of the following:

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Pension plan:

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

219

 

 

$

194

 

 

$

658

 

 

$

582

 

Expected return on plan assets

 

 

(390

)

 

 

(378

)

 

 

(1,170

)

 

 

(1,133

)

Amortization of net actuarial loss

 

 

66

 

 

 

103

 

 

 

197

 

 

 

308

 

Net periodic benefit gain

 

$

(105

)

 

$

(81

)

 

$

(315

)

 

$

(243

)