Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Pension Benefit Costs (Credits)

The following table details the components of pension benefit credit:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

	(In thousands)
Interest cost⁽¹⁾	$	11	$	1,023	$	34	$	4,090
Expected return on plan assets⁽¹⁾		—		(1,012)		—		(4,048)
Pension settlement⁽¹⁾		(2,000)		(3,986)		(2,000)		(3,986)
Amortization of prior service credits ⁽¹⁾		—		(25)		—		(98)
Amortization of other actuarial (gains) ⁽¹⁾		(22)		(129)		(67)		(519)
Net benefit credit	$	(2,011)	$	(4,129)	$	(2,033)	$	(4,561)

The following table details the components of other postretirement benefit credit:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

	(In thousands)
Service cost	$	49	$	58	$	148	$	173
Interest cost⁽¹⁾		605		674		1,815		2,021
Amortization of other actuarial gains ⁽¹⁾		(1,981)		(2,422)		(5,943)		(7,267)
Net benefit credit	$	(1,327)	$	(1,690)	$	(3,980)	$	(5,073)

(1)

In accordance with the adoption of ASU 2017-07, “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” these costs are recorded within Nonoperating expenses in the Condensed Consolidated Statements of Operations on the line item “Non-service related pension and postretirement benefit credits.”

ARCH RESOURCES, INC. 10-Q