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Pension Plans and Postretirement Benefit Plan (Tables)
3 Months Ended
Mar. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Schedule of Components of Net Periodic Benefit Cost

Components of net periodic benefit cost for the Company’s pension plans and the postretirement benefit plan are presented in the following table for the three months ended March 31, 2021, and March 31, 2020.

 

 

 

Pension Benefits

 

 

Postretirement Benefits

 

(dollars in thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Three Months Ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service Cost

 

$

 

 

$

 

 

$

176

 

 

$

151

 

Interest Cost

 

 

727

 

 

 

900

 

 

 

206

 

 

 

231

 

Expected Return on Plan Assets

 

 

(1,148

)

 

 

(1,258

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior Service Credit

 

 

 

 

 

 

 

 

(61

)

 

 

(61

)

Net Actuarial Losses

 

 

662

 

 

 

570

 

 

 

 

 

 

 

Net Periodic Benefit Cost

 

$

241

 

 

$

212

 

 

$

321

 

 

$

321