Schedule of long-term rate of return assumptions



		Asset allocation
As of December 31, 2023		assumption
Equity securities		75%
Fixed income securities		25%
		100%

Schedule of other changes in plan assets and benefit obligation recognized in accumulated other comprehensive income


	Year Ended December 31,
	2023		2022

	(in thousands)
Other changes in plan assets and benefit obligation recognized in accumulated other comprehensive loss:
Net actuarial gain	$	2,894	$	10,148
Reversal of amortization item:
Prior service cost		186		186
Net actuarial loss		682		1,963
Total recognized in accumulated other comprehensive loss		3,762		12,297
Net periodic benefit cost		172		740
Total recognized in net periodic benefit cost and accumulated other comprehensive loss	$	3,934	$	13,037

Schedule of asset allocation guidelines, actual asset allocations and fair value of Pension Plan assets


	Percentage of Total Portfolio
	Minimum	Maximum

Equity securities	50%	85%
Fixed income securities	15%	50%


	December 31,
	2023								2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total

	(in thousands)
Cash and cash equivalents	$	1,665	$	—	$	—	$	1,665	$	5,422	$	—	$	—	$	5,422
Equity investments - Individual securities (a):
Consumer discretionary		2,605		—		—		2,605		—		—		—		—
Consumer durables		2,088		—		—		2,088		—		—		—		—
Energy		952		—		—		952		—		—		—		—
Financials		4,852		—		—		4,852		—		—		—		—
Health Care		4,296		—		—		4,296		—		—		—		—
Industrials & materials		4,507		—		—		4,507		—		—		—		—
Information technology & communication		8,102		—		—		8,102		—		—		—		—
Fixed income investments - Individual securities (b):
Preferred stocks non-convertible		37		—		—		37		—		—		—		—
Equity investments - Mutual funds (c):
Mid-cap stock funds		11,847		—		—		11,847		—		—		—		—
Small-cap stock funds		4,007		—		—		4,007		—		—		—		—
International stock funds		7,849		—		—		7,849		—		—		—		—
Equity investments - Exchange traded funds (d):
Large-cap blend - S&P 500 index		18,044		—		—		18,044		—		—		—		—
International - Developed markets		3,138		—		—		3,138		—		—		—		—
International - Emerging markets		1,894		—		—		1,894		—		—		—		—
Accrued income (e)		—		29		—		29		—		—		—		—
	$	75,883	$	29	$	—	$	75,912	$	5,422	$	—	$	—	$	5,422

Commingled investment funds measured at net asset value (f):
Equities - United States								—								36,259
Equities - United States futures								—								(697)
Equities - International developed markets								—								14,214
Equities - International developed markets futures								—								(1,693)
Equities - International emerging markets								—								782
Equities - International emerging markets futures								—								3,289
Fixed income - Investment grade								21,340								13,856
Fixed income - High yield								—								156
Fixed income - Futures								—								8,590
Alternatives								—								11,951
Total							$	97,252							$	92,129

(a)

Equity investments - Individual securities include investments in publicly traded common stock and American Depository Receipts. Publicly traded common stocks are traded on a national securities exchange and investments in common stocks are valued using quoted market prices multiplied by the number of shares owned. American Depository Receipts are negotiable securities issued by a bank representing shares in a foreign company and traded on a national securities exchange.

(b)	Fixed income investments - Individual securities include investments in preferred stock that are traded on a national securities exchange and valued using quoted market prices multiplied by the number of shares owned.

(c)

Equity investments - Mutual funds are valued daily in actively traded markets. For purposes of calculating the value, portfolio securities and other assets for which market quotes are readily available are valued at market value. Investments initially valued in currencies other than the U.S. dollars are converted to the U.S. dollar using exchange rates obtained from pricing services.

(d)	Equity investments – Exchange traded funds are funds that own financial assets and trade on exchanges, generally tracking a specific index. Investments in exchange traded funds are valued using a market approach based on the quoted market prices.

(e)	Accrued income represents dividends or interest declared, but not received, on equity securities owned at December 31, 2023.

(f)

Investments measured at fair value using the net asset value per share (or its equivalent) have not been classified within the fair value hierarchy. The fair values of all commingled investment funds are determined based on the net asset values per unit of each of the funds. The net asset values per unit represent the aggregate value of the fund's assets at fair value less liabilities, divided by the number of units outstanding.