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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2024
Retirement Benefits [Abstract] |
Schedule of Retirement Plan's Funded Status | The Retirement Plan’s funded status and amounts recognized in the Company’s consolidated financial statements for the Retirement Plan as of and for the years ended December 31, 2024 and 2023 are as follows (in thousands):
| 2024 |  | 2023
Change in benefit obligation: |  |  |
Projected benefit obligation—beginning of year | $ | 15,569 |  |  | $ | 17,240 |
Interest cost | 767 |  |  | 809 |
Benefits paid | (1,564) |  |  | (1,151) |
Actuarial gain | (523) |  |  | (1,329) |
Projected benefit obligation—end of year | $ | 14,249 |  |  | $ | 15,569 |
Change in plan assets: |  |  |
Fair value of plan assets—beginning of year | $ | 15,045 |  |  | $ | 15,661 |
Actual gain on plan assets | 2,112 |  |  | 449 |
Employer contributions | — |  |  | 86 |
Benefits paid | (1,564) |  |  | (1,151) |
Fair value of plan assets—end of year | $ | 15,593 |  |  | $ | 15,045 |
Funded status | $ | 1,344 |  |  | $ | (524) |
Amounts recognized in the consolidated balance sheet—asset (liability) | $ | 1,344 |  |  | $ | (524) |
Amounts recognized in accumulated other comprehensive loss—net actuarial loss | $ | (1,881) |  |  | $ | (3,799) |
Schedule of Components of Net Period Benefit and Other Amounts Recognized in AOCI | The components of net periodic cost (benefit) and other amounts recognized in accumulated other comprehensive loss for the years ended December 31, 2024, 2023 and 2022, are as follows (in thousands):
| 2024 |  | 2023 |  | 2022
Net periodic cost (benefit): |  |  |  |  |
Interest cost | $ | 767 |  |  | $ | 809 |  |  | $ | 544 |
Expected return on plan assets | (916) |  |  | (889) |  |  | (1,044) |
Amortization of net actuarial loss | 198 |  |  | 162 |  |  | 255 |
Net periodic cost (benefit) | 49 |  |  | 82 |  |  | (245) |
Adjustment to accumulated other comprehensive loss: |  |  |  |  |
Net actuarial (gain) loss | (1,720) |  |  | (889) |  |  | 1,929 |
Amortization of net actuarial loss | (198) |  |  | (162) |  |  | (255) |
Total adjustment to accumulated other comprehensive loss | (1,918) |  |  | (1,051) |  |  | 1,674 |
Total recognized in net periodic cost (benefit) and accumulated other comprehensive loss | $ | (1,869) |  |  | $ | (969) |  |  | $ | 1,429 |
Schedule of Weighted-Average Assumptions | The weighted-average assumptions used to determine benefit obligations as of December 31, 2024 and 2023 were as follows:
| 2024 |  | 2023
Discount rate | 5.10% |  | 5.40%
Rate of compensation increase | N/A |  | N/A
The weighted-average assumptions used to determine net periodic expense for the years ended December 31, 2024, 2023 and 2022, were as follows:
| 2024 |  | 2023 |  | 2022
Discount rate | 5.40% |  | 5.00% |  | 2.75%
Rate of compensation increase | N/A |  | N/A |  | N/A
Expected long-term return on plan assets | 6.20% |  | 6.21% |  | 5.32%
Schedule of Retirement Plan's Assets at Fair Value | The Retirement Plan’s assets at fair value as of December 31, 2024 and 2023, are as follows (in thousands):
Asset Category | 2024 |  | 2023
Pooled and/or collective funds: |  |  |
Equity funds: |  |  |
Large cap | $ | 1,798 |  |  | $ | 2,785 |
Mid cap | 740 |  |  | 1,113 |
Small cap | 451 |  |  | 500 |
International | 682 |  |  | 838 |
Fixed-income funds—U.S. bonds and short term | 11,922 |  |  | 9,809 |
Total | $ | 15,593 |  |  | $ | 15,045 |
Schedule of Future Benefit Payments | The Company’s funding policy is to contribute amounts sufficient to meet minimum requirements but not more than the maximum tax-deductible amount. The Company does not expect to have a minimum required contribution in 2025 and expects future benefit payments to be paid as follows (in thousands):
2025 | $ | 1,552 |
2026 | 2,112 |
2027 | 1,173 |
2028 | 1,784 |
2029 | 989 |
2030-2034 | 4,556 |
| $ | 12,166 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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