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RETIREMENT PLANS AND RELATED POST RETIREMENT BENEFITS (Tables) | 12 Months Ended
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Dec. 31, 2023
Retirement Benefits [Abstract] |
Summary of Reconciliation of Beginning and Ending Balances of Projected Benefit Obligation | The reconciliation of the beginning and ending balances of the projected benefit obligation of the plans for the years ended December 31 is as follows:
(In thousands) | 2023 |  | 2022
Funded Status |  |  |
Projected Benefit Obligation |  |  |
Beginning of the Year — January 1 | $ | 26,210 |  |  | $ | 30,503 |
Service Cost | 105 |  |  | 138 |
Interest Cost | 1,302 |  |  | 834 |
Actuarial Loss (Gain) | 1,529 |  |  | (4,917) |
Benefits Paid | (348) |  |  | (348) |
End of the Year — December 31 | $ | 28,798 |  |  | $ | 26,210 |
Summary of Assumptions Used to Calculate the Post Retirement Benefit Obligation | The assumptions used to calculate the projected benefit obligation as of December 31 are as follows:
| 2023 |  | 2022
Discount Rate | 4.79% |  | 5.00%
Future Average Compensation Increases | 3.00% |  | 2.00% - 3.00%
Summary of the Components of Net Periodic Cost | The following table summarizes the components of the net periodic cost for the years ended December 31:
(In thousands) | 2023 |  | 2022 |  | 2021
Net Periodic Cost |  |  |  |  |
Service Cost — Benefits Earned During Period | $ | 105 |  |  | $ | 138 |  |  | $ | 195 |
Interest Cost | 1,302 |  |  | 834 |  |  | 764 |
Amortization of Prior Service Cost | 386 |  |  | 386 |  |  | 386 |
Amortization of Losses | 358 |  |  | 949 |  |  | 1,292 |
Net Periodic Cost | $ | 2,151 |  |  | $ | 2,307 |  |  | $ | 2,637 |
Summary of Assumptions Used to Determine the Net Periodic Cost | The assumptions used to determine the net periodic cost are as follows:
| 2023 |  | 2022 |  | 2021
Discount Rate | 5.00% |  | 2.75% |  | 2.42%
Future Average Compensation Increases | 2.00% - 3.00% |  | 2.00% - 3.00% |  | 2.00% - 3.00%

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- Definition Schedule of assumptions used in determining net periodic benefit cost. + References No definition available. + Details
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- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (a) -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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