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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Cost Not yet Recognized
Net periodic pension cost consists of the following components for the years ended December 31:
Pension Benefits
  202020192018
Service cost$— $— $— 
Interest cost on benefit obligation1,426 1,640 1,641 
Expected return on plan assets(1,924)(1,604)(1,948)
Curtailment and settlements2,333 626 1,039 
Amortization of actuarial (gains) losses340 266 258 
Net periodic benefit cost$2,175 $928 $990 
Schedule Of Assumptions Used To Determine Net Periodic Cost
The following weighted average assumptions were used to determine net periodic costs at December 31:
Pension Benefits
  202020192018
Discount rate3.39 %4.42 %3.83 %
Expected return on plan assets7.00 %7.00 %7.00 %
Rate of compensation increaseN/AN/AN/A
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Other changes in plan assets and benefit obligation recognized in Other comprehensive income (loss) consist of the following components for the years ended December 31:
Pension Benefits
  202020192018
Current year actuarial (gain) loss$2,213 $2,917 $(520)
Amortization of actuarial loss(340)(266)(258)
Total recognized in other comprehensive (income) loss1,873 2,651 (778)
Total recognized in net periodic benefit cost and other comprehensive loss$4,048 $3,579 $212 
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the change in benefit obligations and fair values of plan assets for the years ended December 31:
  202020192018
Change in benefit obligation:    
Benefit obligation, Beginning balance$43,012 $37,938 $43,750 
Interest Cost1,426 1,640 1,641 
Actuarial (gains) losses5,301 6,127 (3,522)
Benefits paid(6,728)(2,693)(3,931)
Benefit obligation, Ending balance43,011 43,012 37,938 
Change in plan assets:    
Fair value of plan assets, Beginning balance27,206 23,181 27,977 
Actual return on plan assets2,678 4,188 (2,093)
Employer contributions2,325 2,530 1,228 
Benefits paid(6,728)(2,693)(3,931)
Fair value of plan assets, Ending balance25,481 27,206 23,181 
Unfunded status$17,530 $15,806 $14,757 
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized in the balance sheet at December 31 consist of the following:
Pension Benefits
  20202019
Non-current liability$17,530 $15,806 
Net amount recognized$17,530 $15,806 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recognized in Accumulated Other Comprehensive Loss before income taxes consists of the following components for the years ended December 31:
Pension Benefits
  20202019
Accumulated net actuarial losses$17,403 $15,530 
Amount recognized$17,403 $15,530 
Schedule Of Assumptions Used To Determine Benefit Obligations
The following weighted average assumptions were used to determine benefit obligations as of December 31:
Pension Benefits
  20202019
Discount rate2.55 %3.39 %
Rate of compensation increaseN/AN/A
Schedule of Changes in Fair Value of Plan Assets
The fair value of the plan assets as of December 31, is as follows:
December 31, 2020Level 1Level 2Level 3
Asset Category:        
Money market fund – Short term investments$1,039 $1,039 $— $— 
Mutual funds24,442 24,442 — — 
Total$25,481 $25,481 $— $— 

December 31, 2019Level 1Level 2Level 3
Asset Category:        
Money market fund – Short term investments$1,275 $1,275 $— $— 
Mutual funds25,931 25,931 — — 
Total$27,206 $27,206 $— $— 
Schedule of Allocation of Plan Assets
The pension plans weighted-average asset allocation for the years ended December 31, 2020 and 2019 are as follows:
Target AllocationActual Allocation
  202020202019
Asset Category:      
Equity securities65.0 %69.0 %66.7 %
Debt securities30.0 %27.0 %28.6 %
Cash/cash equivalents and Short term investments5.0 %4.0 %4.7 %
  100.0 %  100.0 %  100.0 %
Schedule of Expected Benefit Payments The following estimated benefit payments, which reflect expected future service, as appropriate, are expected to be paid in the years ending December 31:
PeriodAmount
2021$1,802 
20221,769 
20231,983 
20242,231 
20252,171 
Thereafter10,796