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EMPLOYEE RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2021

Defined Benefit Pension Plans And Defined Benefit Postretirement Plans [Abstract]

Information Relating to the Company's Plan

Information relating to the Company’s plan is as follows (in thousands):

		Year Ended December 31,
		2021				2020
Change in benefit obligation:
Benefit obligation, beginning of year		$	78,527			$	51,117
Service cost			1,675				1,092
Interest cost			1,165				1,285
Actuarial (gain) loss			(14,956	)			25,033
Plan amendment			362				—
Benefit obligation, end of year			66,773				78,527
Fair value of plan assets			—				—
Unfunded status of the plan, end of year		$	66,773			$	78,527
Current liability			—				—
Non-current liability		$	66,773			$	78,527

Components of Net Periodic Pension Cost

The components of net periodic pension cost were as follows (in thousands):

		Year Ended December 31,
		2021				2020				2019
Service cost		$	1,675			$	1,092			$	969
Interest cost			1,165				1,285				1,613
Amortization of prior service cost			1,099				1,098				1,595
Amortization of loss			4,936				2,181				1,641
Total net periodic benefit cost		$	8,875			$	5,656			$	5,818

Assumptions Used to Determine Benefit Obligation and Net Periodic Pension Cost

Assumptions used to determine the year end benefit obligation were as follows:

		Year Ended December 31,
		2021				2020
Discount rate			2.16	%			1.54	%
Rate of compensation increases			3.50	%			3.50	%

Assumptions used to determine the net periodic pension cost were as follows:

		Year Ended December 31,
		2021				2020				2019
Discount rate			1.54	%			2.64	%			3.82	%
Rate of compensation increases			3.50	%			3.50	%			3.50	%

Amounts to be Amortized from Accumulated Other Comprehensive Loss into Net Periodic Pension Cost in Next Fiscal Year

The estimated amounts to be amortized from accumulated other comprehensive loss into the net periodic pension cost in 2022 are as follows (in thousands):

Amortization of prior service cost		$	1,119
Amortization of loss			1,487
Total		$	2,606

Benefit Payments Expected to be Paid

Benefit payments, which reflect estimated future service, are currently expected to be paid as follows (in thousands):

Year		Projected Benefits
2022		$	—
2023			5,462
2024			5,462
2025			5,462
2026			6,709
2027-2031			37,528
Thereafter			22,217

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- Definition

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans.

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Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

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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.

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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.

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