Quarterly report pursuant to Section 13 or 15(d)

PENSION BENEFITS (Tables)

v3.22.2
PENSION BENEFITS (Tables)
6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Cost (Credit) and Net Periodic Benefit Costs
The components of net periodic benefit cost (credit) for the Company’s defined benefit pension plans was as follows (in thousands):
Three Months Ended Six Months Ended
June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
Service cost $ 10  $ 16  $ 20  $ 32 
Interest cost 67  260  194  519 
Expected return on plan assets 112  (400) 59  (799)
Recognized actuarial loss —  —  18 
Settlement gain (126) —  (1,143) — 
Net periodic benefit cost (credit) $ 63  $ (115) $ (870) $ (230)
Net periodic benefit cost (credit) is reflected in the Company’s condensed consolidated financial statements as follows (in thousands):
Three Months Ended Six Months Ended
June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021
Selling, general and administrative expense $ 10  $ 16  $ 20  $ 32 
Other income, net 53  (131) (890) (262)
Net periodic benefit cost (credit) $ 63  $ (115) $ (870) $ (230)