Company: SLGN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038677
Chunk: 32

Company: SILGAN HOLDINGS INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 32
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542)Amortization of prior service cost 5 23 13 46 Amortization of actuarial losses1,883 1,853 3,776 3,705 Net periodic benefit cost $1,777 $1,677 $3,484 $3,359  The components of the net periodic other postretirement benefit cost were as follows:Three Months EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024(Dollars in thousands)Service cost$6 $7 $10 $14 Interest cost151 167 302 332 Amortization of prior service credit(14)(5)(29)(10)Amortization of actuarial gains(86)(84)(172)(168)Net periodic benefit cost $57 $85 $111 $168 

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SILGAN HOLDINGS INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Information at June 30, 2025 and 2024 and for thethree and six months then ended is unaudited)

Note 11.               Income Taxes

Silgan and its subsidiaries file U.S. Federal income tax returns, as well as income tax returns in various states and foreign jurisdictions. The Internal Revenue Service, or IRS, has completed its review of the 2023 tax year with no change to our filed federal income tax return. We have been accepted into the Compliance Assurance Program for the 2024 and 2025 tax years which provides for the review by the IRS of tax matters relating to our tax return prior to filing. 

Note 12.               Treasury Stock

On March 4, 2022, our Board of Directors authorized the repurchase by us of up to an aggregate of $300.0 million of our common stock by various means from time to time through and including December 31, 2026. We did not repurchase any shares of our common stock pursuant to this authorization during the six months ended June 30, 2025.  At June 30, 2025, we had approximately $93.3 million remaining under this authorization for the repurchase of our common stock. During the first six months of 2025, we issued 325,808 treasury shares which had an average cost of $3.20 per share for