XML 46 R31.htm IDEA: XBRL DOCUMENT
v3.20.4

Benefit Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Benefit Plans [Abstract] |
Change in Benefit Obligation, Plan Assets and Funded Status | The following table summarizes information about our SERP.
(In thousands) |  | 2020 |  |  | 2019 |
Change in benefit obligation: |  |  |  |  |  |
Benefit obligation at beginning of the year |  | $ | 8,299 |  |  | $ | 7,394 |
Interest cost |  |  | 266 |  |  |  | 315 |
Actuarial losses |  |  | 791 |  |  |  | 906 |
Benefits paid |  |  | (355 | ) |  |  | (316 | )
Benefit obligation at end of year |  |  | 9,001 |  |  |  | 8,299 |
Change in plan assets: |  |  |  |  |  |  |  |
Employer contribution |  |  | 355 |  |  |  | 316 |
Benefits paid |  |  | (355 | ) |  |  | (316 | )
Fair value of plan assets at end of year |  |  | — |  |  |  | — |
Funded status of the plan – (underfunded) |  | $ | (9,001 | ) |  | $ | (8,299 | )
Accumulated benefit obligations |  | $ | 9,001 |  |  | $ | 8,299 |
Amounts Recognized in Consolidated Balance Sheets | Amounts recognized in the consolidated balance sheets consist of:
(In thousands) |  | 2020 |  |  | 2019 |
Current liabilities |  | $ | (438 | ) |  | $ | (406 | )
Noncurrent liabilities |  |  | (8,563 | ) |  |  | (7,893 | )
|  | $ | (9,001 | ) |  | $ | (8,299 | )
Net Pension Costs | Net pension cost included the following components:
|  | SERP |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Interest cost on projected benefit obligation |  | $ | 266 |  |  | $ | 315 |  |  | $ | 290 |
Amortization of actuarial loss |  |  | 159 |  |  |  | 46 |  |  |  | 136 |
Net pension costs |  | $ | 425 |  |  | $ | 361 |  |  | $ | 426 |
Assumptions |
|  | SERP
|  | 2020 |  | 2019 |  | 2018
Discount rate |  |  | 3.29% |  |  | 4.36% |  |  | 3.68%
Rate of compensation increase |  |  | n/a |  |  | n/a |  |  | n/a
Assumptions used to determine benefit obligations at December 31 for the SERP are as follows:
|  | 2020 |  | 2019
Discount rate |  |  | 2.41% |  |  | 3.29%
Rate of compensation increase |  |  | n/a |  |  | n/a
Expected Future Benefit Payments | The following schedule outlines the expected benefit payments related to the SERP in future years. These expected benefits were estimated based on the same actuarial assumptions used to determine benefit obligations at December 31, 2020.
(In thousands) |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | _2026-2030 |
Benefit Payments |  | $ | 438 |  |  | $ | 437 |  |  | $ | 427 |  |  |  | 433 |  |  | $ | 478 |  |  | $ | 2,668 |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration