Pension and Postretirement Benefits

3 Months Ended

Mar. 31, 2022

Pension and Postretirement Benefits [Abstract]

Pension and Postretirement Benefits [Text Block]

Note 9 – Pension and Other Postretirement Benefits

The components of net periodic benefit (income) cost for the three months ended March 31, 2022 and 2021 are as follows:

Three Months Ended March 31, 

Other

Pension Benefits

Postretirement Benefits

2022

2021

2022

2021

Service cost

$

180

$

316

$

(8)

$

1

Interest cost

1,360

1,090

9

11

Expected return on plan assets

(2,084)

(2,082)

—

—

Actuarial loss (gain) amortization

257

855

(24)

—

Prior service cost (income) amortization

2

2

1

—

Total net periodic benefit (income) cost

$

(285)

$

181

$

(22)

$

12

Employer Contributions

As of March 31, 2022, $

1.0

 million and $

0.1

 million of contributions have been made to the Company’s U.S. and foreign pension

plans and its other postretirement benefit plans, respectively. Taking into consideration current minimum cash contribution

requirements, the Company currently expects to make full year cash contributions of approximately $

6.6

 million to its U.S. and

foreign pension plans and approximately $

0.2

 million to its other postretirement benefit plans in 2022.