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Retirement Plans and Other Post-Retirement Benefits (Tables) | 12 Months Ended
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Dec. 31, 2022
Retirement Benefits [Abstract] |
Summary of Change in Benefit Obligation and Plan Assets | All information presented in the following tables represents amounts attributable to continuing operations.
| Pension Benefits |  | Other Benefits
In thousands | 2022 |  | 2021 |  | 2022 |  | 2021
Change in Benefit Obligation |  |  |  |  |  |  |
Balance at beginning of year | $ | 44,885 |  |  | $ | 47,333 |  |  | $ | 5,130 |  |  | $ | 5,967 |
Service cost | — |  |  | — |  |  | 15 |  |  | 29 |
Interest cost | 1,054 |  |  | 974 |  |  | 131 |  |  | 127 |
Benefits paid | (2,065) |  |  | (2,247) |  |  | (529) |  |  | (1,078) |
Plan amendments | — |  |  | — |  |  | — |  |  | 6 |
Actuarial (gain)/loss | (8,436) |  |  | (203) |  |  | (1,367) |  |  | 79 |
Effect of currency rate changes | (709) |  |  | (972) |  |  | — |  |  | — |
Balance at end of year | $ | 34,729 |  |  | $ | 44,885 |  |  | $ | 3,380 |  |  | $ | 5,130 |
Change in Plan Assets |  |  |  |  |  |  |
Fair value of plan assets at beginning of year | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total contributions | 2,065 |  |  | 2,247 |  |  | 529 |  |  | 1,078 |
Benefits paid | (2,065) |  |  | (2,247) |  |  | (529) |  |  | (1,078) |
Fair value of plan assets at end of year | — |  |  | — |  |  | — |  |  | — |
Funded status at end of year | $ | (34,729) |  |  | $ | (44,885) |  |  | $ | (3,380) |  |  | $ | (5,130) |
Summary of Amounts Recognized in Consolidated Balance Sheets | Amounts recognized in the consolidated balance sheets consist of the following as of December 31:
| Pension Benefits |  | Other Benefits
In thousands | 2022 |  | 2021 |  | 2022 |  | 2021
Current liabilities | $ | (8,415) |  |  | $ | (2,096) |  |  | $ | (513) |  |  | $ | (852) |
Other long-term liabilities | (26,314) |  |  | (42,789) |  |  | (2,886) |  |  | (4,278) |
Net amount recognized | $ | (34,729) |  |  | $ | (44,885) |  |  | $ | (3,399) |  |  | $ | (5,130) |
Summary of Amounts Recognized as Accumulated Other Comprehensive Income on Pre-Tax Basis | The components of amounts recognized as “Accumulated other comprehensive income” consist of the following on a pre-tax basis:
| Pension Benefits |  | Other Benefits
In thousands | 2022 |  | 2021 |  | 2022 |  | 2021
Prior service credit (cost) | $ | (127) |  |  | $ | (172) |  |  | $ | (21) |  |  | $ | (125) |
Net actuarial gain (loss) | (4,762) |  |  | (14,189) |  |  | 984 |  |  | (382) |
Summary of Weighted-Average Assumptions Used in Computing Benefit Obligations | The weighted-average assumptions used in computing the benefit obligations above were as follows:
| Pension Benefits |  | Other Benefits
| 2022 |  | 2021 |  | 2022 |  | 2021
Discount rate – benefit obligation | 5.19 | % |  | 2.42 | % |  | 5.42 | % |  | 2.70 | %
Summary of Information for Pension Plans with Accumulated Benefit Obligation in Excess of Plan Assets | Information for pension plans with an accumulated benefit obligation in excess of plan assets was as follows:
In thousands | 2022 |  | 2021
Projected benefit obligation | $ | 34,729 |  |  | $ | 44,885 |
Accumulated benefit obligation | 34,729 |  |  | 44,885 |
Fair value of plan assets | — |  |  | — |
Summary of Net Periodic Benefit (Income) Expense of Pension and Other Benefits | Net periodic benefit (income) expense includes the following components:
| Year ended December 31,
In thousands | 2022 |  | 2021 |  | 2020
Pension Benefits |  |  |  |  |
Interest cost | $ | 1,054 |  |  | $ | 974 |  |  | $ | 1,210 |
Amortization of prior service cost | 43 |  |  | 48 |  |  | 48 |
Amortization of actuarial loss | 653 |  |  | 790 |  |  | 655 |
Total net periodic benefit expense | $ | 1,750 |  |  | $ | 1,812 |  |  | $ | 1,913 |
Other Benefits |  |  |  |  |
Service cost | $ | 15 |  |  | $ | 29 |  |  | $ | — |
Interest cost | 131 |  |  | 127 |  |  | 184 |
Amortization of prior service credit | 104 |  |  | (233) |  |  | (458) |
Amortization of actuarial loss (gain) | — |  |  | 47 |  |  | (834) |
Total net periodic benefit income | $ | 250 |  |  | $ | (30) |  |  | $ | (1,108) |
Summary of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss) | Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were as follows:
| Year ended December 31,
In thousands | 2022 |  | 2021
Pension Benefits |  |  |
Actuarial gains | $ | (8,436) |  |  | $ | (203) |
Recognized prior service costs | (43) |  |  | (48) |
Recognized actuarial losses | (653) |  |  | (790) |
Total recognized in other comprehensive (income) loss | (9,132) |  |  | (1,041) |
Total recognized in net periodic benefit cost and other comprehensive loss | $ | (7,382) |  |  | $ | 771 |
Other Benefits |  |  |
Actuarial (gain) loss | $ | (1,367) |  |  | $ | 79 |
Amortization of actuarial loss | — |  |  | (47) |
Total recognized in other comprehensive loss | (1,367) |  |  | 32 |
Total recognized in net periodic benefit cost and other comprehensive loss | $ | (1,117) |  |  | $ | 2 |
Summary of Defined Benefit Plan Weighted-Average Assumptions Used in Computing Net Periodic Benefit Expense | The weighted-average assumptions used in computing the net periodic benefit expense information above were as follows:
| Year ended December 31,
| 2022 |  | 2021 |  | 2020
Pension Benefits |  |  |  |  |
Discount rate – benefit expense | 2.42 | % |  | 2.17 | % |  | 2.70 | %
Other Benefits |  |  |  |  |
Discount rate – benefit expense | 2.70 | % |  | 2.30 | % |  | 3.11 | %
Summary of Health Care Cost Trend Rates Used in Calculating Benefit Obligations | Assumed health care cost trend rates used to determine benefit obligations were no longer applicable to our plans at December 31, 2022. At December 31, 2021, they were as follows:
| 2022 |  | 2021
Health care cost trend rate assumed for next year | — |  |  | 5.30 | %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | — |  |  | 4.50 | %
Year that the rate reaches the ultimate rate | — |  |  | 2037
Summary of Benefit Payments Expected to be Made under Non-Qualified Pension Plans and Other Benefit Plans | Cash Flow Benefit payments expected to be made under our non-qualified pension plans and other benefit plans are summarized below:
In thousands | Pension Benefits |  | Other Benefits
2023 | $ | 8,402 |  |  | $ | 513 |
2024 | 2,379 |  |  | 465 |
2025 | 2,332 |  |  | 420 |
2026 | 2,270 |  |  | 405 |
2027 | 2,208 |  |  | 340 |
2028 through 2032 | 10,100 |  |  | 1,213 |

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