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Pension and Other Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 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

 

Six Months Ended

 

 

 

 

June 30,

 

June 30,

 

 

(In thousands)

 

2020

 

2019

 

2020

 

2019

 

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

Service cost

$

1,332

$

1,221

$

2,648

$

2,362

 

 

Interest cost

 

3,082

 

3,742

 

6,105

 

7,194

 

 

Expected return on assets

 

(6,804)

 

(5,922)

 

(13,615)

 

(11,469)

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

(31)

 

(31)

 

(62)

 

(59)

 

 

Actuarial loss

 

1,392

 

1,985

 

2,678

 

3,714

 

 

Net periodic benefit (credit) cost

$

(1,029)

$

995

$

(2,246)

$

1,742

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

Service cost

$

321

$

334

$

632

$

553

 

 

Interest cost

 

566

 

865

 

1,139

 

1,442

 

 

Expected return on assets

 

(787)

 

(676)

 

(1,577)

 

(1,357)

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

Transition obligation

 

1

 

1

 

1

 

2

 

 

Prior service credit

 

(667)

 

(662)

 

(1,334)

 

(1,330)

 

 

Actuarial loss

 

40

 

94

 

110

 

200

 

 

Net periodic benefit (credit) cost

$

(526)

$

(44)

$

(1,029)

$

(490)