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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

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:

			2021						2020
Accumulated benefit obligation			$	95,508					$	101,242
Change in benefit obligation
Projected benefit obligation at beginning of year			$	101,242					$	92,052
Service cost			991						717
Interest cost			1,803						2,555
Actuarial loss (gain)			(3,427)						10,963
Benefits paid			(2,703)						(1,933)
Settlements			(2,398)						(3,112)
Projected benefit obligation at end of year			$	95,508					$	101,242
Change in plan assets
Fair value of plan assets at beginning of year			$	76,940					$	75,321
Actual gain on plan assets			7,565						6,664
Benefits paid			(2,703)						(1,933)
Settlements			(2,398)						(3,112)
Fair value of plan assets at end of year			$	79,404					$	76,940
Funded status			$	(16,104)					$	(24,302)

Schedule of amounts recognized in the consolidated balance sheets

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

			2021						2020
Other long-term liabilities			$	(16,104)					$	(24,302)
Accumulated other comprehensive loss			(39,122)						(48,285)

Schedule of actuarial assumptions used

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

			2021						2020
Discount rate			2.81		%				2.44		%

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

			2021						2020						2019
Discount rate on benefit obligation			2.44		%				3.33		%				4.37		%
Effective rate for interest on benefit obligation			1.83		%				2.88		%				4.01		%
Expected return on plan assets			7.00		%				7.00		%				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 2021 and 2020 are as follows:

			2021						2020
Current year actuarial loss (gain)			$	5,836					$	(9,320)
Amortization of actuarial loss			3,327						2,821
Total recognized in other comprehensive income (loss)			$	9,163					$	(6,499)

Schedule of net benefit cost

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

			2021						2020						2019
Service cost			$	991					$	717					$	1,010
Interest cost on projected benefit obligation			1,803						2,555						3,130
Expected return on plan assets			(5,155)						(5,021)						(4,725)
Amortization of loss			3,327						2,821						2,881
Net periodic pension cost			$	966					$	1,072					$	2,296

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
			2021						2020						2022
Equity securities			73		%				76		%				75		%
Debt securities			27		%				24		%				25		%
Total			100		%				100		%				100		%

The following table sets forth the value of the pension plan's assets as of December 31, 2021 and December 31, 2020:

			2021						2020
Investments measured at fair value:
Level 1
Common Stock			$	9,767					$	9,185
Fixed Income Securities			20,272						17,848
Total Investments measured at fair value			30,039						27,033
Investments measured at NAV:
Money Market Fund			1,098						915
Mutual Funds			48,267						48,992
Total Investments measured at NAV			49,365						49,907
Total Investments			$	79,404					$	76,940

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, 2021 and reflect the impact of expected future employee service.

2022			$6,427
2023			5,801
2024			5,627
2025			5,890
2026			6,026
2027-2031			26,543

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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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