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Pension and Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2023
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 pension plan expense consisted of the following:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Interest cost

 

$

318

 

 

$

220

 

 

$

637

 

 

$

439

 

Expected return on plan assets

 

 

(285

)

 

 

(390

)

 

 

(571

)

 

 

(780

)

Amortization of net actuarial loss

 

 

74

 

 

 

65

 

 

 

148

 

 

 

131

 

Net periodic benefit cost (gain)

 

$

107

 

 

$

(105

)

 

$

214

 

 

$

(210

)