Employee Pension Plans

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Interest cost	$	758	$	948	$	1,516	$	1,896
Expected return on plan assets		(1,006)		(1,043)		(2,012)		(2,086)
Amortization of net loss		592		463		1,184		926
Other		231		225		462		450
Net periodic benefit cost	$	575	$	593	$	1,150	$	1,186

The Company contributed $2.2 million and $2.0 million to its defined benefit pension plan during each of the six-month periods ended June 30, 2020 and 2019, respectively, and expects to contribute an additional $1.9 million by the end of 2020.