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v3.19.3.a.u2

Note 9 - Pensions and Other Postretirement Benefits (Tables) | 12 Months Ended
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Dec. 31, 2019
Notes Tables |
Schedule of Changes in Projected Benefit Obligations [Table Text Block] |
|  | Pension Plan |  |  | Postretirement Plan |
|  | 201 9 |  |  | 201 8 |  |  | 201 9 |  |  | 201 8 |
Accumulated benefit obligation at end of year |  | $ | 66,900 |  |  | $ | 56,408 |  |  | $ | 26,055 |  |  | $ | 23,679 |
Change in projected benefit obligation: |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 67,578 |  |  | $ | 76,489 |  |  | $ | 23,679 |  |  | $ | 17,367 |
Service cost |  |  | 2,204 |  |  |  | 2,408 |  |  |  | 1,083 |  |  |  | 775 |
Interest cost |  |  | 2,454 |  |  |  | 2,552 |  |  |  | 941 |  |  |  | 561 |
Settlement |  |  | - |  |  |  | 990 |  |  |  | - |  |  |  | - |
Benefits paid |  |  | (3,735 | ) |  |  | (8,504 | ) |  |  | (2,311 | ) |  |  | (2,536 | )
Effect of foreign exchange |  |  | - |  |  |  | - |  |  |  | 16 |  |  |  | (42 | )
Actuarial (gain) loss |  |  | 12,824 |  |  |  | (6,357 | ) |  |  | 2,647 |  |  |  | 7,554 |
Benefit obligation at end of year |  | $ | 81,325 |  |  | $ | 67,578 |  |  | $ | 26,055 |  |  | $ | 23,679 |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plan assets at beginning of year |  | $ | 72,395 |  |  | $ | 80,802 |  |  | $ | - |  |  | $ | - |
Actual return on plan assets |  |  | 11,625 |  |  |  | (3,903 | ) |  |  | - |  |  |  | - |
Employer contributions |  |  | - |  |  |  | 4,000 |  |  |  | 2,311 |  |  |  | 2,536 |
Benefits paid |  |  | (3,735 | ) |  |  | (8,504 | ) |  |  | (2,311 | ) |  |  | (2,536 | )
Plan assets at end of year |  |  | 80,285 |  |  |  | 72,395 |  |  |  | - |  |  |  | - |
Funded status at end of year |  | $ | (1,040 | ) |  | $ | 4,817 |  |  | $ | (26,055 | ) |  | $ | (23,679 | )
|  | Pension Plan |  |  | Postretirement Plan |
|  | 201 9 |  |  | 201 8 |  |  | 201 9 |  |  | 201 8 |
Amounts recognized in the Consolidated Balance Sheets consist of: |  |  |  |  |  |  |  |  |  |  |  |  |
Noncurrent assets |  | $ | - |  |  | $ | 4,817 |  |  | $ | - |  |  | $ | - |
Current liabilities |  |  | - |  |  |  | - |  |  |  | (1,602 | ) |  |  | (1,826 | )
Noncurrent liabilities |  |  | (1,040 | ) |  |  | - |  |  |  | (24,453 | ) |  |  | (21,853 | )
Total assets (liabilities) |  | $ | (1,040 | ) |  | $ | 4,817 |  |  | $ | (26,055 | ) |  | $ | (23,679 | )
Amounts recognized in Accumulated other comprehensive loss consist of: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | $ | 26,192 |  |  | $ | 23,158 |  |  | $ | 5,205 |  |  | $ | 2,596 |
Prior Service Cost |  |  | - |  |  |  | - |  |  |  | (4,383 | ) |  |  | (5,508 | )
Deferred tax (benefit) expense |  |  | (6,499 | ) |  |  | (5,798 | ) |  |  | (132 | ) |  |  | 732 |
After tax actuarial loss (gain) |  | $ | 19,693 |  |  | $ | 17,360 |  |  | $ | 690 |  |  | $ | (2,180 | )
Schedule of Costs of Retirement Plans [Table Text Block] |
Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |  |  |
|  | 201 9 |  |  | 2018 |  |  | 2017 |
Pension Plan |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 2,204 |  |  | $ | 2,408 |  |  | $ | 2,727 |
Interest cost |  |  | 2,454 |  |  |  | 2,552 |  |  |  | 2,537 |
Expected return on plan assets |  |  | (3,561 | ) |  |  | (4,481 | ) |  |  | (4,697 | )
Recognized actuarial loss |  |  | 1,726 |  |  |  | 1,577 |  |  |  | 1,770 |
Settlement loss |  |  | - |  |  |  | 2,852 |  |  |  | 4,031 |
Net periodic benefit cost |  | $ | 2,823 |  |  | $ | 4,908 |  |  | $ | 6,368 |
Other changes in pension plan assets and benefit obligations recognized in other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |
Net loss (gain) |  | $ | 3,034 |  |  | $ | (1,413 | ) |  | $ | (2,470 | )
Total expense recognized in net periodic benefit cost and other comprehensive income |  | $ | 5,857 |  |  | $ | 3,495 |  |  | $ | 3,898 |
Postretirement Plan |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 1,083 |  |  | $ | 775 |  |  | $ | 1,249 |
Interest cost |  |  | 941 |  |  |  | 561 |  |  |  | 814 |
Prior service cost recognition |  |  | (1,129 | ) |  |  | (1,128 | ) |  |  | - |
Recognized actuarial loss (gain) |  |  | 27 |  |  |  | (413 | ) |  |  | (677 | )
Net periodic benefit (credit) cost |  | $ | 922 |  |  | $ | (205 | ) |  | $ | 1,386 |
Other changes in postretirement plan assets and benefit obligations recognized in other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |
Net loss (gain) |  | $ | 3,749 |  |  | $ | 9,096 |  |  | $ | (4,105 | )
Total expense (benefit) recognized in net periodic benefit cost and other comprehensive income |  | $ | 4,671 |  |  | $ | 8,891 |  |  | $ | (2,719 | )
Defined Benefit Plan, Assumptions [Table Text Block] |
|  | Pension Plan |  |  | Postretirement Plan |
|  | 201 9 |  |  | 201 8 |  |  | 201 9 |  |  | 201 8 |
Weighted-average assumptions used to determine benefit obligations at December 31: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 2.83 | % |  |  | 3.94 | % |  |  | 3.08 | % |  |  | 4.13 | %
Rate of compensation increase |  |  | 3.50 | % |  |  | 3.50 | % |  |  | – |  |  |  | – |
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 3.94 | % |  |  | 3.76 | % |  |  | 4.13 | % |  |  | 3.39 | %
Expected long-term rate of return on plan assets |  |  | 5.37 | % |  |  | 6.00 | % |  |  | – |  |  |  | – |
Rate of compensation increase |  |  | 3.50 | % |  |  | 3.50 | % |  |  | – |  |  |  | – |
Schedule of Allocation of Plan Assets [Table Text Block] |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Plan Assets at December 31, 2019 |
Equity |  | $ | 12,986 |  |  | $ | - |  |  | $ | - |  |  | $ | 12,986 |
Fixed income |  |  | 11,671 |  |  |  | 46,145 |  |  |  | - |  |  |  | 57,816 |
Mutual funds |  |  | 1,992 |  |  |  | - |  |  |  | - |  |  |  | 1,992 |
Money funds and cash |  |  | 3,103 |  |  |  | 4,388 |  |  |  |  |  |  |  | 7,491 |
Total fair value of Plan assets |  | $ | 29,752 |  |  | $ | 50,533 |  |  |  | - |  |  | $ | 80,285 |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservab l e Inputs (Level 3) |  |  | Plan Assets at December 31, 2018 |
Equity |  | $ | 10,144 |  |  | $ | - |  |  | $ | 3 |  |  | $ | 10,147 |
Fixed income |  |  | 9,768 |  |  |  | 44,333 |  |  |  | - |  |  |  | 54,101 |
Mutual funds |  |  | 1,777 |  |  |  | - |  |  |  | - |  |  |  | 1,777 |
Money funds and cash |  |  | 6,370 |  |  |  | - |  |  |  | - |  |  |  | 6,370 |
Total fair value of Plan assets |  | $ | 28,059 |  |  | $ | 44,333 |  |  | $ | 3 |  |  | $ | 72,395 |
Schedule of Expected Benefit Payments [Table Text Block] |
|  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | Thereafter |
Pension |  | $ | 12,283 |  |  | $ | 5,146 |  |  | $ | 5,662 |  |  | $ | 5,125 |  |  | $ | 5,881 |  |  | $ | 27,567 |
Postretirement |  |  | 1,627 |  |  |  | 1,515 |  |  |  | 1,478 |  |  |  | 1,509 |  |  |  | 1,544, |  |  |  | 8,495 |

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