Quarterly report pursuant to Section 13 or 15(d)

PENSION BENEFITS (Tables)

v3.22.1
PENSION BENEFITS (Tables)
 3 Months Ended
Mar. 31, 2022
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit (Credit) Cost and Net Periodic Benefit Costs
The components of net periodic benefit (credit) cost for the Company’s defined benefit pension plans was as follows (in thousands):
Three Months Ended
March 31, 2022 March 31, 2021
Service cost $ 10  $ 16 
Interest cost 127  259 
Expected return on plan assets (53) (399)
Recognized actuarial loss —  9 
Settlement gain (1,017) — 
Net periodic benefit credit $ (933) $ (115)
Net periodic benefit (credit) cost is reflected in the Company’s condensed consolidated financial statements as follows (in thousands):
Three Months Ended
March 31, 2022 March 31, 2021
Selling, general and administrative expense $ 10  $ 16 
Other income, net (943) (131)
Net periodic benefit credit $ (933) $ (115)