XML 46 R31.htm IDEA: XBRL DOCUMENT
v3.22.4

Pension Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items] |
Funded Status and Accrued Pension Cost | The following table sets forth the funded status of the retirement plan at December 31 (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
CHANGE IN BENEFIT OBLIGATION: | ​ | ​ |  | ​ | ​ |
Benefit obligation at beginning of year | ​ | $ | 76,680 | ​ | $ | 86,748
Interest cost | ​ |  | 2,253 | ​ |  | 1,715
Actuarial gain | ​ |  | (11,086) | ​ |  | (4,547)
Benefits paid | ​ |  | (6,925) | ​ |  | (7,236)
Benefit obligation at end of year | ​ |  | 60,922 | ​ |  | 76,680
CHANGE IN PLAN ASSETS: | ​ |  |  | ​ |  |
Fair value of plan assets at beginning of year | ​ |  | 72,486 | ​ |  | 71,221
Actual return on plan assets | ​ |  | (13,292) | ​ |  | 8,202
Employer contributions | ​ | ​ | — | ​ | ​ | 299
Benefits paid | ​ |  | (6,925) | ​ |  | (7,236)
Fair value of plan assets at end of year | ​ |  | 52,269 | ​ |  | 72,486
Funded status and accrued pension cost | ​ | $ | (8,653) | ​ | $ | (4,194)
​
Assumptions Used to Determine Benefit Obligations | The assumptions used to determine the benefit obligation at December 31 are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Discount rate |  | 4.85 | % | 2.42 | % | 1.95 | %
Rate of compensation increase |  | N/A |  | N/A |  | N/A | ​
​ The weighted-average assumptions used to determine the net periodic pension expense for years ended December 31 are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Discount rate |  | 3.33 | % | 2.13 | % | 2.40 | %
Rate of compensation increase |  | N/A |  | N/A |  | N/A | ​
Expected long-term rate of return on plan assets |  | 6.00 | % | 6.00 | % | 6.50 | %
​
Allocation of Defined Benefit Pension Plans Assets | The allocation of the defined benefit pension plan’s assets at December 31 is as follows (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
Asset Class |  | 2022 |  | 2021
Cash | ​ | $ | 1,015 | ​ | $ | 935
Mutual funds | ​ |  | 51,254 | ​ |  | 71,551
Total | ​ | $ | 52,269 | ​ | $ | 72,486
​
Pension Plan [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Net Periodic Pension and Postretirement Benefit (Income) Expense | Net periodic pension (income) expense reflected in other gains and (losses), net in the accompanying consolidated statements of operations included the following components for the years ended December 31 (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Interest cost | ​ | $ | 2,253 | ​ | $ | 1,715 | ​ | $ | 1,969
Expected return on plan assets | ​ |  | (3,701) | ​ |  | (4,253) | ​ |  | (4,101)
Amortization of net actuarial loss | ​ |  | 667 | ​ |  | 689 | ​ |  | 1,004
Net settlement loss | ​ | ​ | 1,894 | ​ | ​ | 1,379 | ​ | ​ | 1,740
Total net periodic pension (income) expense | ​ | $ | 1,113 | ​ | $ | (470) | ​ | $ | 612
​
Expected Future Benefit Payments | The Company does not expect to be required to contribute to its defined benefit pension plan in 2023. Based on the Company’s assumptions discussed above, the Company expects to make the following estimated future benefit payments under the plan during the years ending December 31 (amounts in thousands):
​ | ​ | ​ | ​
2023 |  | $ | 7,242
2024 | ​ |  | 4,740
2025 | ​ |  | 6,586
2026 | ​ |  | 5,323
2027 | ​ |  | 6,174
2028 - 2032 | ​ |  | 24,491
​

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlanDisclosureLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + 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 (d)(5) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected 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 (a) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_PensionPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |