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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Benefit Plans Disclosures
The following tables summarize changes in the benefit obligation, plan assets and funded status of the Company’s defined benefit pension plans and other postretirement benefit plan:
Defined Benefit Pension PlansOther Postretirement Benefit Plan
December 31,December 31,
2025202420252024
Change in benefit obligation:
Benefit obligation at beginning of period$61,721 $66,556 $463 $475 
Interest cost3,278 3,227 26 24 
Plan settlements(1,013)(1,348)— — 
Benefits paid(3,464)(3,254)— — 
Premiums paid— — (3)(3)
Actuarial loss (gain)1,529 (3,460)(33)
Benefit obligation at end of the period62,051 61,721 488 463 
Change in plan assets:
Fair value of plan assets at beginning of period$59,689 $61,618 $— $— 
Actual return on plan assets6,066 1,048 — — 
Employer contributions480 1,625 
Plan settlements(1,013)(1,348)— — 
Benefits paid(3,464)(3,254)— — 
Premiums paid— — (3)(3)
Fair value of plan assets at end of the period61,758 59,689 — — 
Funded status of the plans (underfunded)$(293)$(2,032)$(488)$(463)
Amounts Recognized in Balance Sheet
Amounts recognized in the consolidated balance sheets consist of:
Defined Benefit Pension PlansOther Postretirement Benefit Plan
December 31,December 31,
2025202420252024
Noncurrent asset$1,043 $90 $— $— 
Current liability— — (22)(20)
Noncurrent liability(1,337)(2,122)(466)(443)
AOCI, net of tax2,374 1,386 76 81 
Net amount recognized$2,080 $(646)$(412)$(382)
Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recognized in AOCI consist of:
Defined Benefit Pension PlansOther Postretirement Benefit Plan
December 31,December 31,
2025202420252024
Net gain$3,143 $1,849 $101 $107 
Gross amount recognized3,143 1,849 101 107 
Deferred income taxes(769)(463)(25)(26)
Net amount recognized$2,374 $1,386 $76 $81 
Net Periodic Expense
Components of net periodic (benefit) expense consist of:
Defined Benefit Pension PlansOther Postretirement Benefit Plan
Years ended December 31,Years ended December 31,
202520242023202520242023
Interest cost$3,278 $3,227 $3,453 $26 $24 $24 
Expected return on plan assets(3,234)(3,367)(3,305)— — — 
Amortization of prior service credit— — — — (30)(125)
Amortization of net (gain) loss— — — (4)(2)(2)
Settlement (gain) loss(1)(6)61 — — — 
Net periodic (benefit) expense$43 $(146)$209 $22 $(8)$(103)
Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Components of other changes in plan assets and benefit obligations recognized in other comprehensive income consists of:
Defined Benefit Pension PlansOther Postretirement Benefit Plan
December 31,December 31,
2025202420252024
Net (gain) loss$(1,297)$(1,136)$$(33)
Amortization of prior service credit— — — 30 
Amortization or settlement recognition of net gain
Total recognized in other comprehensive (income) loss(1,296)(1,130)(1)
Total recognized in net periodic benefit cost and other comprehensive (income) loss$(1,258)$(1,280)$28 $(9)
Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table presents selected information about the Company’s pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets:
Defined Benefit Pension PlansOther Postretirement Benefit Plan
December 31,December 31,
2025202420252024
Projected benefit obligation$17,791 $18,305 $488 $463 
Accumulated benefit obligation17,791 18,305 — — 
Fair value of plan assets16,454 16,183 — — 
Assumptions Used
Significant weighted average assumptions used in determining the pension obligations include the following:
Defined Benefit Pension PlansOther Postretirement Benefit Plan
December 31,December 31,
2025202420252024
Discount rate5.40 %5.67 %5.50 %5.70 %
Rate of compensation increaseN/AN/AN/AN/A
Significant weighted average assumptions used in determining net periodic benefit cost include the following:
Defined Benefit Pension PlansOther Postretirement Benefit Plan
Years ended December 31,Years ended December 31,
202520242023202520242023
Discount rate5.47 %5.23 %5.39 %5.70 %5.20 %5.50 %
Expected return on assets5.69 %5.76 %5.74 %— %— %— %
Rate of compensation increaseN/AN/AN/AN/AN/AN/A
Allocation of Plan Assets
The following tables set forth by level, within the fair value hierarchy, plan assets at fair value:
December 31, 2025
TotalLevel 1Level 2Level 3
Cash and cash equivalents$298 $298 $— $— 
Equity securities:
Domestic stocks8,430 8,430 — — 
International stocks5,558 5,558 — — 
Fixed income securities:
Treasury funds12,209 12,209 — — 
Corporate and other bonds35,263 35,263 — — 
Total$61,758 $61,758 $— $— 
December 31, 2024
TotalLevel 1Level 2Level 3
Cash and cash equivalents$— $— $— $— 
Equity securities:
Domestic stocks8,248 8,248 — — 
International stocks5,335 5,335 — — 
Fixed income securities:
Treasury funds11,853 11,853 — — 
Corporate and other bonds34,253 34,253 — — 
Total$59,689 $59,689 $— $— 
Expected Benefit Payments
The following benefit payments, which reflect expected future service as appropriate, are expected to be paid:
YearDefined Benefit Pension PlansOther Postretirement Benefit Plan
2026$7,186 $22 
20274,671 24 
20284,813 25 
20294,660 27 
20305,149 29 
2031-203521,801 177