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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Changes in Accumulated Postemployment Benefit Obligations
The following table provides the change in benefit obligation, change in plan assets, funded status, and amounts recognized in the consolidated balance sheet of the defined benefit pension plans as of December 31, 2024 and 2023 (amounts in thousands):
Change in benefit obligation:20242023
Benefit obligation at beginning of year$77,208 $79,379 
Plan assumption changes(1,809)1,391 
Service cost340 606 
Interest cost3,752 4,331 
Actuarial gain(412)(632)
Benefits paid(8,237)(7,588)
Foreign currency translation(1,190)(279)
Benefit obligation at end of year$69,652 $77,208 
Change in plan assets:  
Fair value of plan assets at beginning of year$82,769 $75,025 
Actual return on plan assets9,733 14,558 
Employer contributions936 442 
Benefits paid(7,214)(7,294)
Foreign currency translation(201)38 
Fair value of plan assets at end of year$86,023 $82,769 
Funded (unfunded) status at end of year$16,371 $5,561 
Amounts recognized in Consolidated Balance Sheet:  
Noncurrent assets$28,352 $19,566 
Current liabilities(1,227)(1,210)
Noncurrent liabilities(10,754)(12,795)
Net amount recognized in the Consolidated Balance Sheet$16,371 $5,561 
Schedule of Accumulated and Projected Benefit Obligations
Information for pension plans with accumulated benefit obligations and projected benefit obligations in excess of plan assets were (amounts in thousands):
 20242023
Pension Plans in which Accumulated Benefit Obligation Exceeds Plan Assets at December 31,
  Accumulated benefit obligation$11,778 $44,976 
  Fair value of plan assets$619 $31,903 
Accumulated Benefit Obligation at December 31$69,225 $76,746 
Pension Plans in which Projected Benefit Obligation Exceeds Plan Assets at December 31,
  Projected benefit obligation$12,205 $45,439 
  Fair value of plan assets$619 $31,903 
Projected Benefit Obligation at December 31$69,652 $77,208 
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss
Amounts recognized in accumulated other comprehensive loss: 
 202420232022
Unrecognized prior service cost$445 $634 $643 
Unrecognized net loss(3,779)(11,480)(21,091)
Deferred tax effect of unrecognized items6,630 8,518 11,181 
Net amount recognized in accumulated other comprehensive loss$3,296 $(2,328)$(9,267)
Schedule of Defined Benefit Plan, Assumptions
The weighted-average assumptions used in the actuarial computation that derived the benefit obligations at December 31 were as follows:202420232022
Discount rate5.7 %5.2 %5.8 %
Expected long-term return on plan assets6.5 %6.5 %6.5 %
The weighted-average assumptions used in the actuarial computation that derived net periodic pension cost for the years ended December 31, 2024, 2023, and 2022 were as follows:
 202420232022
Discount rate4.2 %5.8 %2.7 %
Schedule of Net Periodic Pension Cost (Benefit)
The following table provides the components of net periodic pension cost for the plans, settlement cost, and the assumptions used in the measurement of the Company’s benefit obligation for the years ended December 31, 2024, 2023, and 2022 (amounts in thousands):
Components of net periodic benefit cost and other
amounts recognized in other comprehensive income (loss)
   
Net periodic benefit cost:202420232022
Service cost$340 $606 $590 
Interest cost3,752 4,331 2,872 
Assumed return on assets(5,198)(4,669)(6,071)
Amortization of unrecognized prior service cost(58)(114)(85)
Amortization of net unrecognized loss279 1,004 1,426 
Net periodic pension cost (benefit)$(885)$1,158 $(1,268)
Schedule of Allocation of Plan Assets
The allocation of the fair value of plan assets was as follows:
 Percentage of Plan Assets
at December 31,
Target
Allocation
Asset Category202420232024
U.S. equities (a)60 %57 %
40% - 80%
Fixed income20 %21 %
20% - 50%
Cash and cash equivalents%10 %
0% - 20%
International equities (a)12 %12 %
0% - 16%
 100 %100 % 

(a) Total equities may not exceed 80% of total plan assets.
The fair value of the plan assets by asset categories consisted of the following as of the dates set forth below (amounts in thousands):
 Fair Value Measurements as of December 31, 2024
 TotalLevel 1Level 2Level 3
Money market funds$6,774 $6,774 $— $— 
Common stock31,271 31,271 — — 
Bonds and securities10,018 10,018 — — 
Mutual and insurance funds37,960 37,101 859 — 
Totals$86,023 $85,164 $859 $— 
 Fair Value Measurements as of December 31, 2023
 TotalLevel 1Level 2Level 3
Money market funds$8,186 $8,186 $— $— 
Common stock27,658 27,658 — — 
Bonds and securities10,302 10,302 — — 
Mutual and insurance funds36,623 35,828 795 — 
Totals$82,769 $81,974 $795 $— 
Schedule of Expected Benefit Payments
Projected benefit payments from the plans as of December 31, 2024, are estimated as follows (amounts in thousands):
2025$7,776 
20267,034 
20276,626 
20286,779 
20296,514 
2030-203429,117