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Note 9 - Pensions and Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

		Pension Plans								Postretirement Plan
		2024				2023				2024				2023
Accumulated benefit obligation at end of year		$	49,918			$	50,114			$	23,758			$	24,276
Change in projected benefit obligation:
Benefit obligation at beginning of year		$	62,149			$	55,930			$	24,276			$	23,954
Service cost			1,998				2,180				851				835
Interest cost			2,737				2,652				1,123				1,196
Plan Changes			-				-				(394	)			-
Settlement			(1	)			-				-				-
Benefits paid			(2,589	)			(1,646	)			(2,084	)			(1,796	)
Settlement Payments			(455	)			-				-				-
Effect of foreign exchange			-				-				(23	)			6
Actual expenses			(150	)			(161	)			-				-
Actuarial (gain)/loss			(1,930	)			3,194				9				81
Benefit obligation at end of year		$	61,759			$	62,149			$	23,758			$	24,276
Change in plan assets:
Plan assets at beginning of year		$	50,649			$	46,600			$	-			$	-
Actual return on plan assets			2,586				3,606				-				-
Employer contributions			5,089				2,250				2,084				1,796
Benefits paid			(2,589	)			(1,646	)			(2,084	)			(1,796	)
Settlement Payments			(455	)			-				-				-
Actual expenses			(150	)			(161	)			-				-
Plan assets at end of year		$	55,130			$	50,649			$	0			$	0
Funded status at end of year		$	(6,629	)		$	(11,500	)		$	(23,758	)		$	(24,276	)

		Pension Plans								Postretirement Plan
		2024				2023				2024				2023
Amounts recognized in the Consolidated Balance Sheets consist of:
Current liabilities		$	-			$	-			$	(1,580	)		$	(1,490	)
Noncurrent liabilities			(6,629	)			(11,500	)			(22,178	)			(22,786	)
Total assets (liabilities)		$	(6,629	)		$	(11,500	)		$	(23,758	)		$	(24,276	)
Amounts recognized in Accumulated other comprehensive loss consist of:
Net actuarial loss		$	16,559			$	19,084			$	252			$	(236	)
Deferred tax (benefit) expense			(4,202	)			(4,803	)			19				135
After tax actuarial loss		$	12,357			$	14,281			$	271			$	(101	)

Schedule of Costs of Retirement Plans [Table Text Block]

		2024				2023				2022
Pension Plans
Service cost		$	1,998			$	2,180			$	2,400
Interest cost			2,737				2,652				2,326
Expected return on plan assets			(3,450	)			(2,695	)			(2,892	)
Recognized actuarial loss			1,455				1,461				1,724
Settlement loss			-				-				6,427
Net periodic benefit cost		$	2,740			$	3,598			$	9,985
Other changes in pension plan assets and benefit obligations recognized in other comprehensive loss:
Net (gain) loss			(2,524	)			822				(7,726	)
Total expense recognized in net periodic benefit cost and other comprehensive income		$	216			$	4,420			$	2,259
Postretirement Plan
Service cost		$	851			$	835			$	1,146
Interest costs			1,123				1,196				760
Prior service cost recognition			(75	)			(995	)			(1,128	)
Recognized actuarial loss (gain)			(31	)			(38	)			368
Net periodic benefit cost		$	1,868			$	998			$	1,146
Other changes in postretirement plan assets and benefit obligations recognized in other comprehensive loss:
Net loss (gain)		$	(279	)		$	1,114			$	(4,317	)
Total expense (benefit) recognized in net periodic benefit cost and other comprehensive income		$	1,589			$	2,112			$	(3,171	)

Defined Benefit Plan, Assumptions [Table Text Block]

		Pension Plans								Postretirement Plan
		2024				2023				2024				2023
Weighted-average assumptions used to determine benefit obligations at December 31:
Discount rate			5.32	%			4.69	%			5.41	%			4.86	%
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			4.69	%			4.89	%			4.86	%			5.16	%
Expected long-term rate of return on plan assets			7.20	%			6.20	%			-				-
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, 2024
Equity		$	14,262			$	-			$	-			$	14,262
Fixed income			10,458				18,608				-				29,066
Mutual funds			3,529				-				-				3,529
Money funds and cash			8,272				-				1				8,273
Total fair value of Plan assets		$	36,521			$	18,608			$	1			$	55,130

		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, 2023
Equity		$	13,660			$	-			$	-			$	13,660
Fixed income			8,913				18,579				-				27,492
Mutual funds			3,684				-				-				3,684
Money funds and cash			2,047				3,766				-				5,813
Total fair value of Plan assets		$	28,304			$	22,345			$	-			$	50,649

Schedule of Expected Benefit Payments [Table Text Block]

		2025				2026				2027				2028				2029				Thereafter
Pension		$	9,933			$	3,016			$	4,136			$	4,730			$	4,860			$	31,123
Postretirement			1,622				1,698				1,747				1,808				1,896				11,481

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