Quarterly report [Sections 13 or 15(d)]

Pension and Retirement Benefit Plans (Tables)

v3.26.1
Pension and Retirement Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2026
Pension and Retirement Benefit Plans [Abstract]  
Schedule of Components of Net Periodic Cost

Components of the Retirement Plan’s net periodic cost are as follows (in thousands):

 

    Three Months Ended
June 30,		  
    2026     2025  
Interest cost   $ 236     $ 234  
Service cost     50       57  
Expected return on Plan Assets     (331 )     (313 )
Net periodic benefit   $ (45 )   $ (22 )

 

    Six Months Ended
June 30,		  
    2026     2025  
Interest cost   $ 472     $ 468  
Service cost     100       114  
Expected return on Plan Assets     (662 )     (625 )
Net periodic benefit   $ (90 )   $ (43 )

Components of the Postretirement Plan’s net periodic cost are as follows (in thousands):

 

    Three Months Ended
June 30,		  
    2026     2025  
Interest cost   $ 47     $ 48  
Service cost     4       4  
Amortization of net gains     (7 )     (27 )
Net periodic expense   $ 44     $ 25  

 

    Six Months Ended
June 30,		  
    2026     2025  
Interest cost   $ 93     $ 97  
Service cost     8       7  
Amortization of net gains     (13 )     (54 )
Net periodic expense   $ 88     $ 50