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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2022
EMPLOYEE BENEFIT PLANS [Abstract] |
Schedule Of Changes In Projected Benefit Obligation And Changes In Plan Assets [Table Text Block] | December 31, 2022 December 31, 2021 (In thousands) Changes in projected benefit obligation: Projected benefit obligation at the beginning of period, defined benefit pension plans $ 97,867 $ 108,253 Interest cost 2,614 2,473 Actuarial gain (1) (21,265) (6,699) Benefits paid (5,708) (6,160) Projected benefit obligation at the end of period, pension plans $ 73,508 $ 97,867 Projected benefit obligation, other postretirement benefit plan 182 195 Projected benefit obligation at the end of period $ 73,690 $ 98,062 Changes in plan assets: Fair value of plan assets at the beginning of period $ 103,487 $ 105,963 Actual return on plan assets - (loss) gain (20,590) 3,684 Benefits paid (5,708) (6,160) Fair value of pension plan assets at the end of period (2) $ 77,189 $ 103,487 Net asset, pension plans 3,681 5,620 Net benefit obligation, other postretirement benefit plan (182) (195) Net asset $ 3,499 $ 5,425 (1) Significant components of the Pension Plans’ actuarial gain that changed the benefit obligation were mainly related to updates in discount rates. (2) Other postretirement plan did not contain any assets as of December 31, 2022 and 2021.
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | December 31, 2022 December 31, 2021 Period from September 1, 2020 to December 31, 2020 (In thousands) Net actuarial (loss) gain, pension plans $ (3,483) $ 5,861 $ (404) Net actuarial loss, other postretirement benefit plan (35) (2) (28) Amortization of net loss 3 1 - Net amount recognized $ (3,515) $ 5,860 $ (432)
Schedule of Net Benefit Costs [Table Text Block] | Affected Line Item Period from in the Consolidated September 1, 2020 to Statements of Income December 31, 2022 December 31, 2021 December 31, 2020 (In thousands) Net periodic benefit, pension plans: Interest cost Other expenses $ 2,614 $ 2,473 $ 900 Expected return on plan assets Other expenses (4,158) (4,523) (2,062) Net periodic benefit, pension plans (1,544) (2,050) (1,162) Net periodic cost, postretirement plan Other expenses 8 6 2 Net periodic benefit $ (1,536) $ (2,044) $ (1,160) Period from September 1, 2020 to December 31, 2022 December 31, 2021 December 31, 2020 Discount rate 2.77% 2.36% 2.53% Expected return on plan assets 4.43% 5.99% 5.98%
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | The following table presents the changes in pre-tax accumulated other comprehensive income (loss) of the Pension Plans and Postretirement Benefit Plan as of December 31, 2022, 2021, and 2020: December 31, 2022 December 31, 2021 Period from September 1, 2020 to December 31, 2020 (In thousands) Accumulated other comprehensive income (loss) at beginning of period, pension plans $ 5,457 $ (404) $ - Net (loss) gain (3,483) 5,861 (404) Accumulated other comprehensive income (loss) at end of period, pension plans 1,974 5,457 (404) Accumulated other comprehensive loss at end of period, postretirement plan (61) (29) (28) Accumulated other comprehensive income (loss) at end of period $ 1,913 $ 5,428 $ (432)
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block] | The following table presents information for the plans with a projected benefit obligation and accumulated benefit obligation in excess of plan assets for the years ended December 31, 2022 and 2021: December 31, 2022 December 31, 2021 (In thousands) Projected benefit obligation $ 48,501 $ 195 Accumulated benefit obligation 48,501 195 Fair value of plan assets $ 46,398 $ -
Schedule of Allocation of Plan Assets [Table Text Block] | The Pension Plans asset allocations as of December 31, 2022 and 2021 by asset category are as follows: December 31, 2022 December 31, 2021 Asset category Investment in funds 97% 98% Other 3% 2% 100% 100%
Schedule of Expected Benefit Payments [Table Text Block] | Amount (Dollars in thousands) 2023 $ 6,436 2024 6,292 2025 5,985 2026 5,999 2027 5,860 2028 through 2031 27,411 $ 57,983

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