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Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Deferred Compensation Arrangement with Individual, Share-Based Payments [Line Items] |
Components of Company Plan Benefit Expense | The following table summarizes key information related to the Company’s defined benefit pension plans. The table illustrates the reconciliation of the beginning and ending balances of the benefit obligation showing the effects during the periods presented attributable to service cost, interest cost, plan amendments, termination benefits, actuarial gains and losses. The assumptions used in the Company’s calculation of accrued pension costs are based on market information and the Company’s historical rates for employment compensation and discount rates. The vested benefit obligation is determined as the actuarial present value of the vested benefits to which the employee is currently entitled to but based on the employee's expected date of separation or retirement.
|  | December 31, 2023 |  |  | December 31, 2022 |
Accumulated Benefit Obligation, End of Year |  | $ | 23,882 |  |  | $ | 21,612 |
Change in Projected Benefit Obligation |  |  |  |  |  |
Projected Benefit Obligation, Beginning of Year |  | $ | 26,207 |  |  | $ | 31,830 |
Service Cost |  |  | 745 |  |  |  | 1,118 |
Interest Cost |  |  | 1,345 |  |  |  | 962 |
Actuarial Gain |  |  | 421 |  |  |  | (6,710 | )
Benefits Paid |  |  | (928 | ) |  |  | (993 | )
Projected Benefit Obligation, End of Year |  | $ | 27,790 |  |  | $ | 26,207 |
Change in Plan Assets |  |  |  |  |  |
Plan Assets at Fair Value, Beginning of Year |  | $ | — |  |  | $ | — |
Company Contributions |  |  | 928 |  |  |  | 993 |
Benefits Paid |  |  | (928 | ) |  |  | (993 | )
Plan Assets at Fair Value, End of Year |  | $ | — |  |  | $ | — |
Unfunded Status of the Plan |  | $ | (27,790 | ) |  | $ | (26,207 | )
Amounts Recognized in Accumulated Other Comprehensive Income |  |  |  |  |  |
Net Loss |  |  | (90 | ) |  |  | (511 | )
Total Pension Cost |  | $ | (90 | ) |  | $ | (511 | )
Components of Net Periodic Benefit Cost |
|  | 2023 |  |  | 2022 |
Components of Net Periodic Benefit Cost |  |  |  |  |  |
Service Cost |  | $ | 745 |  |  | $ | 1,118 |
Interest Cost |  |  | 1,345 |  |  |  | 962 |
Amortization of: |  |  |  |  |  |
Net Loss |  |  | — |  |  |  | 431 |
Net Periodic Pension Cost |  | $ | 2,090 |  |  | $ | 2,511 |
Weighted Average Assumptions for Expense |  |  |  |  |  |
Discount Rate |  |  | 5.00 | % |  |  | 5.20 | %
Expected Return on Plan Assets |  | N/A |  |  | N/A |
Rate of Compensation Increase |  |  | 4.40 | % |  |  | 4.40 | %
Benefit Payments Representing the Company's Obligations to Fomer CEO and Employees | The benefit payments reflected in the table below represent the Company’s obligations to employees that are eligible for retirement or have already retired and are receiving deferred compensation benefits:
Fiscal Year |  | Pension Benefits |
|  | (In thousands) |
2024 |  | $ | 1,029 |
2025 |  |  | 1,104 |
2026 |  |  | 1,315 |
2027 |  |  | 1,525 |
2028 |  |  | 1,675 |
Thereafter |  |  | 21,142 |
|  | $ | 27,790 |
George C. Zoley |
Deferred Compensation Arrangement with Individual, Share-Based Payments [Line Items] |
Benefit Payments Representing the Company's Obligations to Fomer CEO and Employees | The following table presents the balance due to the Executive Chairman at the end of the next two and a half years under the Amended and Restated Executive Retirement Agreement provided that the Executive Chairman is still providing services to the Company under his Executive Chairman Employment Agreement:
Period End |  | Retirement Obligation |
|  | (In thousands) |
12/31/2024 |  | $ | 12,617 |
12/31/2025 |  | $ | 16,336 |
6/30/2026 |  | $ | 18,010 |

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- 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
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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480482/715-20-55-17 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-2 + Details
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- 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 -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- 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 -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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