XML 41 R19.htm IDEA: XBRL DOCUMENT v3.20.1
Employee Pension Plans
3 Months Ended
Mar. 31, 2020
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 months ended March 31, 2020 and 2019:

Three Months Ended March 31,

(in thousands)

2020

2019

Interest cost

$

758

$

948

Expected return on plan assets

(1,006)

(1,043)

Amortization of net loss

592

463

Other

231

225

Net periodic benefit cost

$

575

$

593

The Company contributed $1.3 million and $0.7 million to its defined benefit pension plan during the three-month periods ended March 31, 2020 and 2019, respectively, and expects to contribute an additional $2.8 million by the end of 2020.