Pension and Postretirement Benefits

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2022 and 2021 are as follows:

Three Months Ended June 30, 

Six Months Ended June 30, 

Other

Other

Postretirement

Postretirement

Pension Benefits

Benefits

Pension Benefits

Benefits

2022

2021

2022

2021

2022

2021

2022

2021

Service cost

$

174

$

316

$

8

$

2

$

354

$

632

$

—

$

3

Interest cost

1,317

1,094

2

10

2,677

2,184

11

21

Expected return on plan assets

(2,012)

(2,093)

—

—

(4,097)

(4,175)

—

—

Actuarial loss amortization

248

857

(23)

—

505

1,712

(47)

—

Prior service cost amortization

2

3

(9)

—

5

5

(8)

—

Net periodic benefit (income)

 cost

$

(271)

$

177

$

(22)

$

12

$

(556)

$

358

$

(44)

$

24

Employer Contributions

As of June 30, 2022, $

1.7

 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