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Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2024
Retirement Benefits [Abstract] |
Schedule of Allocation of Plan Assets | The following tables summarize the fair values of the Rabbi Trust investment assets to fund CWC’s SERP by major categories as of December 31, 2024 and 2023:
|  |  |  | Fair Value Measurements at December 31, 2024
Asset Category |  | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Money market funds |  | $ | 28 |  |  | 28 |  |  | — |  |  | — |
Mutual funds |  | 2,062 |  |  | 2,062 |  |  | — |  |  | — |
Fixed income |  | 722 |  |  | 722 |  |  | — |  |  | — |
Total |  | $ | 2,812 |  |  | 2,812 |  |  | — |  |  | — |
|  |  |  | Fair Value Measurements at December 31, 2023
Asset Category |  | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Money market funds |  | $ | 71 |  |  | 71 |  |  | — |  |  | — |
Mutual funds |  | 2,053 |  |  | 2,053 |  |  | — |  |  | — |
Fixed income |  | 709 |  |  | 709 |  |  | — |  |  | — |
Total |  | $ | 2,833 |  |  | 2,833 |  |  | — |  |  | — |
Plan assets as of December 31 were as follows:
| Pension Benefits |  | Other Postretirement Benefits
| 2024 |  | 2023 |  | 2024 |  | 2023
Fair value of assets at end of year: |  |  |  |  |  |  |
Debt securities | $ | 116,987 |  |  | 101,498 |  |  | $ | 5,368 |  |  | 5,596 |
| 38 | % |  | 36 | % |  | 23 | % |  | 26 | %
Equity securities | 179,103 |  |  | 174,155 |  |  | 16,737 |  |  | 14,424 |
| 58 | % |  | 61 | % |  | 72 | % |  | 68 | %
Cash and equivalents | 11,857 |  |  | 9,851 |  |  | 1,120 |  |  | 1,187 |
| 4 | % |  | 3 | % |  | 5 | % |  | 6 | %
Total | $ | 307,947 |  |  | 285,504 |  |  | $ | 23,225 |  |  | 21,207 |
The following tables summarize the fair values of plan assets by major categories as of December 31, 2024 and 2023:
|  |  | Fair Value Measurements at December 31, 2024
Asset Category | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Cash and cash equivalents | $ | 12,977 |  |  | 12,977 |  |  | — |  |  | — |
Equity securities (a) | 195,840 |  |  | 195,840 |  |  | — |  |  | — |
Fixed Income (b) | 122,355 |  |  | 46,549 |  |  | 75,806 |  |  | — |
Total | $ | 331,172 |  |  | 255,366 |  |  | 75,806 |  |  | — |
___________________________________ (a)Actively managed portfolio of equity securities with the goal to exceed the benchmark performance. (b)Actively managed portfolio of fixed income securities with the goal to exceed the benchmark performance
|  |  | Fair Value Measurements at December 31, 2023
Asset Category | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Cash and cash equivalents | $ | 11,038 |  |  | 11,038 |  |  | — |  |  | — |
Equity securities | 188,579 |  |  | 188,579 |  |  | — |  |  | — |
Fixed Income | 107,094 |  |  | 39,048 |  |  | 68,046 |  |  | — |
Total | $ | 306,711 |  |  | 238,665 |  |  | 68,046 |  |  | — |
Schedule of Assumptions Used | Net periodic cost for the defined benefit plans and other postretirement benefits was calculated using the following assumptions:
| Pension Benefits |  | Other Postretirement Benefits
| 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
| % |  | % |  | % |  | % |  | % |  | %
Discount rate | 4.99 - 5.03 |  | 4.95 - 5.24 |  | 2.65 - 2.82 |  | 4.95 - 5.01 |  | 4.96 - 5.21 |  | 2.61 - 2.76
Expected return on plan assets | 6.25, 6.75 |  | 6.00, 6.75 |  | 6.50, 6.75 |  | 4.20, 6.25 |  | 4.20, 6.00 |  | 4.20, 6.00
Rate of compensation increase | 4.50, 5.00 |  | 4.50, 5.00 |  | 4.00, 4.50 |  | N/A |  | N/A |  | N/A
Benefit obligations for the defined benefit plans and other postretirement benefits were calculated using the following assumptions as of December 31:
| Pension Benefits |  | Other Postretirement Benefits
| 2024 |  | 2023 |  | 2024 |  | 2023
| % |  | % |  | % |  | %
Discount rate | 5.55 - 5.63 |  | 4.99 - 5.03 |  | 5.48 - 5.58 |  | 4.95 - 5.01
Rate of compensation increase | 4.50 - 5.00 |  | 4.50 - 5.00 |  | N/A |  | N/A
Schedule of Net Benefit Costs | Net periodic costs for the defined benefit plans and other postretirement benefits for the years ended December 31 was as follows:
| Pension Benefits |  | Other Postretirement Benefits
| 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Components of net periodic benefit cost |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 6,662 |  |  | 7,569 |  |  | 9,359 |  |  | $ | 665 |  |  | 638 |  |  | 1,032 |
Interest cost | 14,451 |  |  | 14,234 |  |  | 10,708 |  |  | 1,181 |  |  | 1,268 |  |  | 883 |
Expected return on assets | (17,852) |  |  | (15,440) |  |  | (18,841) |  |  | (1,068) |  |  | (860) |  |  | (1,047) |
Amortization of prior service cost | 15 |  |  | 15 |  |  | 17 |  |  | — |  |  | — |  |  | — |
Amortization of actuarial (gain) loss | (71) |  |  | 2,210 |  |  | 4,620 |  |  | (643) |  |  | (350) |  |  | (115) |
Recognition of significant event | — |  |  | — |  |  | (1,595) |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost | $ | 3,205 |  |  | 8,588 |  |  | 4,268 |  |  | $ | 135 |  |  | 696 |  |  | 753 |
Schedule of Net Funded Status | The projected benefit obligations and the funded status of the defined benefit pension and other postretirement plans as of December 31 were as follows:
| Pension Benefits |  | Other Postretirement Benefits
| 2024 |  | 2023 |  | 2024 |  | 2023
Change in benefit obligation |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 297,834 |  |  | 289,123 |  |  | $ | 24,264 |  |  | 25,830 |
Service cost | 6,662 |  |  | 7,569 |  |  | 665 |  |  | 638 |
Interest cost | 14,451 |  |  | 14,234 |  |  | 1,181 |  |  | 1,268 |
Actuarial loss (gain) | (14,816) |  |  | 5,794 |  |  | (146) |  |  | (2,645) |
Implicit rate subsidy | — |  |  | — |  |  | (336) |  |  | (237) |
Plan participants contributions | — |  |  | — |  |  | 183 |  |  | 179 |
Administrative expenses paid | (146) |  |  | (137) |  |  | — |  |  | — |
Benefits paid and settlements | (16,941) |  |  | (18,749) |  |  | (731) |  |  | (769) |
Benefit obligation at end of year | $ | 287,044 |  |  | 297,834 |  |  | $ | 25,080 |  |  | 24,264 |
Change in plan assets |  |  |  |  |  |  |
Fair value of assets at beginning of year | $ | 285,504 |  |  | 251,960 |  |  | $ | 21,207 |  |  | 17,952 |
Actual return on plan assets | 31,523 |  |  | 41,285 |  |  | 2,879 |  |  | 3,136 |
Employer contributions | 8,007 |  |  | 11,145 |  |  | 7 |  |  | 920 |
Plan participants contributions | — |  |  | — |  |  | 183 |  |  | 179 |
Administrative expenses paid | (146) |  |  | (137) |  |  | (71) |  |  | (67) |
Benefits paid and settlements | (16,941) |  |  | (18,749) |  |  | (980) |  |  | (913) |
Fair value of plan assets at end of year | 307,947 |  |  | 285,504 |  |  | 23,225 |  |  | 21,207 |
Funded status at end of year | $ | 20,903 |  |  | (12,330) |  |  | $ | (1,855) |  |  | (3,057) |
Schedule of Amounts Recognized in Balance Sheet | The amounts recognized on the balance sheet as of December 31 were as follows:
| Pension Benefits |  | Other Postretirement Benefits
| 2024 |  | 2023 |  | 2024 |  | 2023
Noncurrent assets | $ | 61,231 |  |  | 30,671 |  |  | $ | 5,191 |  |  | 3,123 |
Current liabilities | (2,308) |  |  | (2,365) |  |  | (146) |  |  | (113) |
Noncurrent liabilities | (38,020) |  |  | (40,636) |  |  | (6,900) |  |  | (6,067) |
| $ | 20,903 |  |  | (12,330) |  |  | $ | (1,855) |  |  | (3,057) |
Schedule of Accumulated and Projected Benefit Obligations | The following table provides selected information about plans with projected benefit obligation and accumulated benefit obligation in excess of plan assets as of December 31:
| 2024 |  | 2023
Pension Benefits: |  |  |
Plans with projected benefit obligation in excess of plan assets: |  |  |
Projected benefit obligation | $ | 40,328 |  |  | $ | 43,001 |
Fair value of plan assets | — |  |  | — |
Plans with accumulated benefit obligation in excess of plan assets: |  |  |
Accumulated benefit obligation | 38,053 |  |  | 39,652 |
Fair value of plan assets | — |  |  | — |
Other Postretirement Benefits: |  |  |
Plans with accumulated benefit obligation in excess of plan assets: |  |  |
Accumulated benefit obligation | 16,891 |  |  | 15,580 |
Fair value of plan assets | 9,844 |  |  | 9,401 |
Schedule of Expected Benefit Payments | Benefits expected to be paid in the next five years and in the aggregate for the five years thereafter are:
| Pension Plans |  | Other Postretirement Benefit Plans
2025 | $ | 17,730 |  |  | $ | 1,765 |
2026 | 23,536 |  |  | 1,840 |
2027 | 19,615 |  |  | 1,910 |
2028 | 19,526 |  |  | 1,874 |
2029 | 20,233 |  |  | 1,841 |
2030 - 2034 | 109,784 |  |  | 9,656 |

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