Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2024

Retirement Benefits, Description [Abstract]

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

The components of net periodic benefit cost (income) are as follows for the three months ended March 31, 2024 and 2023:

	Pension Benefits				Other Postretirement Benefits
	2024		2023		2024		2023
Service cost	$	109	$	104	$	—	$	—
Interest cost	2,375		2,455		15		19
Expected return on plan assets	(2,030)		(1,997)		—		—
Actuarial loss (gain) amortization	127		101		(29)		(30)
Prior service cost (income) amortization	7		8		—		(4)
Net periodic benefit cost (income)	$	588	$	671	$	(14)	$	(15)

Employer Contributions

As of March 31, 2024, $0.9 million and less than $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 $5.7 million to its U.S. and foreign pension plans and approximately $0.2 million to its other postretirement benefit plans in 2024.