A thrust bearing 11 for use with a shaft 13 having a collar 15 mounted the shaft 13 and rotatable therewith has a base ring 17, a series of shoes 19 positioned on the base ring 17, and a compressible resilient spacing member 29 positioned between the base ring 17 and a housing 31 for the thrust bearing 11. The spacing member 29 supports the thrust bearing 11 when the shaft 13 is rotating during no-load operating conditions, as well as dampens the forces placed on the thrust bearing 11 by the shaft 13 when the shaft 13 is rotating during no-load conditions. The spacing member 29 is sufficiently stiff that it supports the thrust bearing 11 when the shaft 13 is rotating under no-load conditions, but is sufficiently compressible to be compressed to the extent that the gap 33 between the base ring 17 and the housing 31 is eliminated due to the forces placed on the thrust bearing 11 by the shaft 13 bringing the base ring 17 into contact with the housing 31 during normal load operating conditions.