XML 45 R37.htm IDEA: XBRL DOCUMENT v3.25.2
Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Components of Company Plan Benefit Expense

The following tables summarize key information related to the Company’s pension plans and retirement agreements (in thousands):

 

 

 

Six Months Ended
June 30,
2025

 

 

Year Ended
December 31,
2024

 

Change in Projected Benefit Obligation

 

 

 

 

 

 

Projected benefit obligation, beginning of period

 

$

27,027

 

 

$

27,790

 

Service cost

 

 

266

 

 

 

653

 

Interest cost

 

 

752

 

 

 

1,365

 

Actuarial gain

 

 

 

 

 

(1,772

)

Benefits paid

 

 

(379

)

 

 

(1,009

)

Projected benefit obligation, end of period

 

$

27,666

 

 

$

27,027

 

Change in Plan Assets

 

 

 

 

 

 

Plan assets at fair value, beginning of period

 

$

 

 

$

 

Company contributions

 

 

379

 

 

 

1,009

 

Benefits paid

 

 

(379

)

 

 

(1,009

)

Plan assets at fair value, end of period

 

$

 

 

$

 

Unfunded Status of the Plan

 

$

27,666

 

 

$

27,027

 

Components of Net Periodic Benefit Cost

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2025

 

 

June 30, 2024

 

 

June 30, 2025

 

 

June 30, 2024

 

Components of Net Periodic Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

133

 

 

$

163

 

 

$

266

 

 

$

326

 

Interest cost

 

 

376

 

 

 

341

 

 

 

752

 

 

 

682

 

Net (gain) loss

 

 

(62

)

 

 

15

 

 

 

(125

)

 

 

30

 

Net periodic benefit cost

 

$

447

 

 

$

519

 

 

$

893

 

 

$

1,038