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Pension and Other Postretirement Plans (Tables)
3 Months Ended
Mar. 31, 2021
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)

 

2021

 

2020

 

 

Pension Benefits

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Service cost

$

1,422

$

1,316

 

 

Interest cost

 

2,272

 

3,023

 

 

Expected return on assets

 

(7,375)

 

(6,811)

 

 

Amortization of:

 

 

 

 

 

 

Prior service credit

 

(31)

 

(31)

 

 

Actuarial loss

 

1,580

 

1,286

 

 

Net periodic benefit (credit) cost

$

(2,132)

$

(1,217)

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Service cost

$

351

$

311

 

 

Interest cost

 

384

 

573

 

 

Expected return on assets

 

(817)

 

(790)

 

 

Amortization of:

 

 

 

 

 

 

Transition obligation

 

1

 

1

 

 

Prior service credit

 

(380)

 

(667)

 

 

Actuarial loss

 

109

 

70

 

 

Net periodic benefit (credit) cost

$

(352)

$

(502)