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Pension and Other Postretirement Plans (Tables)
3 Months Ended
Mar. 31, 2020
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Costs The following table presents the components of net periodic benefit costs recognized.

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

(In thousands)

 

2020

 

2019

 

 

Pension Benefits

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Service cost

$

1,316

$

1,141

 

 

Interest cost

 

3,023

 

3,452

 

 

Expected return on assets

 

(6,811)

 

(5,547)

 

 

Amortization of:

 

 

 

 

 

 

Prior service credit

 

(31)

 

(28)

 

 

Actuarial loss

 

1,286

 

1,729

 

 

Net periodic benefit (credit) cost

$

(1,217)

$

747

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Service cost

$

311

$

219

 

 

Interest cost

 

573

 

577

 

 

Expected return on assets

 

(790)

 

(681)

 

 

Amortization of:

 

 

 

 

 

 

Transition obligation

 

1

 

1

 

 

Prior service credit

 

(667)

 

(667)

 

 

Actuarial loss

 

70

 

106

 

 

Net periodic benefit (credit) cost

$

(502)

$

(445)