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Pension (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Changes in Accumulated Postemployment Benefit Obligations
The reconciliation of changes in the benefit obligation, plan assets and funded status of the pension benefits is as follows:
December 31,
20232022
Change in Benefit Obligation:
Benefit Obligation at Beginning of Period
$32,223 $42,990 
Interest Cost
1,675 1,035 
Actuarial Loss (Gain)1,442 (10,006)
Benefits and Other Payments
(1,799)(1,796)
Benefit Obligation at End of Period$33,541 $32,223 
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Period
$— $— 
Company Contributions
1,799 1,796 
Benefits and Other Payments
(1,799)(1,796)
Fair Value of Plan Assets at End of Period$— $— 
Funded Status:
Current Liabilities
$(1,886)$(1,878)
Noncurrent Liabilities
(31,655)(30,345)
Net Obligation Recognized$(33,541)$(32,223)
Amounts Recognized in Accumulated Other Comprehensive Loss Consist of:
Net Actuarial Loss
$9,153 $7,884 
Prior Service Cost842 1,063 
Total
9,995 8,947 
Less: Tax Benefit
2,694 2,434 
Net Amount Recognized$7,301 $6,513 
Schedule of Defined Benefit Plans Disclosures
The components of the net periodic benefit cost are as follows:
For the Years Ended December 31,
 202320222021
Components of Net Periodic Benefit Cost:
Interest Cost
1,675 1,035 855 
Amortization of Prior Service Cost222 221 222 
Recognized Net Actuarial Loss
173 510 513 
Net Periodic Benefit Cost$2,070 $1,766 $1,590 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table provides information related to the pension plan with an accumulated benefit obligation in excess of plan assets:
As of December 31,
20232022
Projected Benefit Obligation$33,541 $32,223 
Accumulated Benefit Obligation$33,541 $32,223 
Fair Value of Plan Assets$— $— 
Schedule of Assumptions Used
The weighted-average assumptions used to determine benefit obligations are as follows:
As of December 31,
20232022
Discount Rate5.15 %5.43 %
Rate of Compensation Increase— %— %
Interest Credited Rate4.74 %4.43 %

The discount rates are determined using a Company-specific yield curve model (above-mean) developed with the assistance of an external actuary. The Company-specific yield curve models (above-mean) use a subset of the expanded bond universe to determine the Company-specific discount rate. Bonds used in the yield curve are rated AA by Moody's or Standard & Poor's as of the measurement date. The yield curve models parallel the plans' projected cash flows, and the underlying cash flows of the bonds included in the models exceed the cash flows needed to satisfy the Company plans. The increase in discount rate during 2022 compared to the prior year caused a significant actuarial gain during the year ended December 31, 2022.

The weighted-average assumptions used to determine net periodic benefit cost are as follows:
For the Years ended December 31,
202320222021
Discount Rate5.43 %2.84 %2.47 %
Rate of Compensation Increase— %— %— %
Interest Credited Rate4.81 %4.07 %2.71 %
Schedule of Expected Benefit Payments
The following benefit payments, which reflect expected future service, are expected to be paid:
Pension
Year ended December 31,Benefits
2024$1,886 
2025$1,983 
2026$2,053 
2027$2,143 
2028$2,236 
Year 2029-2033$13,057