Employee Pension Plans

9 Months Ended

Sep. 30, 2019

Employee Pension Plans [Abstract]

Employee Pension Plans

(13)     Employee Pension Plans

The Company has a defined benefit pension plan and an unfunded supplemental retirement plan. Effective June 1, 2004, all benefit accruals under these plans were frozen; however, the current vested benefit was preserved. The pension disclosure presented below includes aggregated amounts for both of the Company’s plans.

The following table sets forth a summary of the net periodic benefit cost for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2019		2018		2019		2018
Interest cost	$	948	$	883	$	2,844	$	2,649
Expected return on plan assets		(1,043)		(1,077)		(3,129)		(3,231)
Amortization of net loss		463		513		1,389		1,539
Other		225		213		675		639
Net periodic benefit cost	$	593	$	532	$	1,779	$	1,596

The Company contributed $3.3 million and $2.1 million to its defined benefit pension plan during each of the nine-month periods ended September 30, 2019 and 2018, respectively, and expects to contribute an additional $1.3 million by the end of 2019.