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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2020

Retirement Benefits [Abstract]

Schedule of reconciliation of the projected benefit obligation, plan assets and funded status of the pension plan

The following table provides a reconciliation of the projected benefit obligation, plan assets and funded status of the pension plan at December 31:

			2020						2019
Accumulated benefit obligation			$	101,242					$	92,052
Change in benefit obligation
Projected benefit obligation at beginning of year			$	92,052					$	80,776
Service cost			717						1,010
Interest cost			2,555						3,130
Actuarial loss			10,963						10,561
Benefits paid			(1,933)						(2,299)
Settlements			(3,112)						(1,126)
Projected benefit obligation at end of year			$	101,242					$	92,052
Change in plan assets
Fair value of plan assets at beginning of year			$	75,321					$	66,307
Actual gain (loss) on plan assets			6,664						12,439
Benefits paid			(1,933)						(2,299)
Settlements			(3,112)						(1,126)
Fair value of plan assets at end of year			$	76,940					$	75,321
Funded status			$	(24,302)					$	(16,731)

Schedule of amounts recognized in the consolidated balance sheets

Amounts recognized in the consolidated balance sheets consist of the following at December 31,:

			2020						2019
Other long-term liabilities			$	(24,302)					$	(16,731)
Accumulated other comprehensive loss			(48,285)						(41,787)

Schedule of actuarial assumptions used

The following actuarial assumptions were used to determine our accumulated and projected benefit obligations as of December 31,:

			2020						2019
Discount rate			2.44		%				3.33		%

The following actuarial assumptions were used to determine our net periodic pension benefit cost for the years ended December 31,:

			2020						2019						2018
Discount rate on benefit obligation			3.33		%				4.37		%				3.69		%
Effective rate for interest on benefit obligation			2.88		%				4.01		%				3.28		%
Expected return on plan assets			7.00		%				7.50		%				7.50		%

Schedule of plan assets and benefit obligations recognized in other comprehensive income

Other changes in plan assets and benefit obligations recognized in other comprehensive income in 2020 and 2019 are as follows:

			2020						2019
Current year actuarial loss			$	(9,319)					$	(2,846)
Amortization of actuarial loss			2,821						2,881
Total recognized in other comprehensive loss			$	(6,498)					$	35

Schedule of net benefit cost

Net periodic pension cost for the years ended December 31, consists of the following:

			2020						2019						2018
Service cost			$	717					$	1,010					$	675
Interest cost on projected benefit obligation			2,555						3,130						2,806
Expected return on plan assets			(5,021)						(4,725)						(5,418)
Amortization of loss			2,821						2,881						2,689
Net periodic pension cost			$	1,072					$	2,296					$	752

Schedule of allocation of plan assets

The allocation of plan assets by category is as follows at December 31,:

			Percentage of Pension Plan Assets												Target Allocation
			2020						2019						2021
Equity securities			76		%				74		%				75		%
Debt securities			24		%				26		%				25		%
Total			100		%				100		%				100		%

The following table sets forth the value of the pension plan's assets as of December 31, 2020 and December 31, 2019:

			2020						2019
Investments measured at fair value:
Level 1
Common Stock			$	9,185					$	8,307
Fixed Income Securities			17,848						18,609
Total Investments measured at fair value			27,033						26,916
Investments measured at NAV:
Money Market Fund			915						789
Mutual Funds			48,992						47,616
Total Investments measured at NAV			49,907						48,405
Total Investments			$	76,940					$	75,321

Schedule of expected benefit payments

The following table summarizes the benefits and settlements expected to be paid by our pension plan in each of the next five years and in aggregate for the following five years. The expected payments are estimated based on the same assumptions used to measure the Company’s projected benefit obligation at December 31, 2020 and reflect the impact of expected future employee service.

2021			$5,579
2022			6,275
2023			5,944
2024			5,545
2025			5,815
2026-2030			26,944

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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

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Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

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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.

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Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period.

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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.

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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.

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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

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