XML 48 R28.htm IDEA: XBRL DOCUMENT v3.25.1

Note 7 - Accrued Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

		December 31,				December 31,
		2024				2023
		(in thousands)
Defined benefit pension plan		$	912			$	(33	)
Non-qualified retirement plans			1,596				1,725
Total			2,508				1,692
Less current portion			(140	)			(142	)
Non-current portion of accrued retirement benefits		$	2,368			$	1,550

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

		Years Ended December 31,
		2024				2023
		(in thousands)
Change in benefit obligations:
Benefit obligations at beginning of year		$	15,552			$	16,537
Interest cost			738				783
Actuarial gain			(27	)			(580	)
Benefits paid			(2,314	)			(1,188	)
Benefit obligations at end of year			13,949				15,552
Change in plan assets:			13,860				13,783
Fair value of plan assets at beginning of year			(231	)			1,137
Actual return on plan assets			126				128
Employer contributions			(2,314	)			(1,188	)
Benefits paid
Fair value of plan assets at end of year			11,441				13,860
Funded status		$	(2,508	)		$	(1,692	)
Accumulated benefit obligations		$	(13,949	)		$	(15,552	)
Weighted average assumptions to determine benefit obligations:
Discount rate			5.40 - 5.52	%			4.90 - 4.95	%
Expected long-term return on plan assets			5.40	%			5.25	%
Rate of compensation increase			n/a				n/a

Schedule of Net Benefit Costs [Table Text Block]

		Years Ended December 31,
		2024				2023
		(in thousands)
Pensions and other benefits:
Interest cost		$	735			$	783
Expected return on plan assets			(695	)			(657	)
Amortization of net loss			273				310
Settlement expense			635
Pension and other postretirement expenses		$	948			$	436
Other changes in plan assets and benefits obligations recognized in comprehensive income:
Net loss (gain)			900			$	(1,060	)
Amortization of recognized loss			(907	)			(310	)
Total recognized gain in comprehensive income		$	(7	)		$	(1,370	)

Defined Benefit Plan, Assumptions [Table Text Block]

		2024					2023
Discount rate		4.90	-	4.95%			5.11	-	5.14%
Expected long-term return on plan assets			5.25%					5.00%
Rate of compensation increase			n/a					n/a

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

		2024 Fair Value Measurements
		( in thousands)
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Measured at NAC as a practical expedient				Total
ACIT equity funds		$	-			$	94			$	-			$	94
ACIT fixed income funds			-				10,362				-				10,362
Cash management funds			-				985				-				985
		$	-			$	11,441			$	-			$	11,441

		2023 Fair Value Measurements
		( in thousands)
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Measured at NAC as a practical expedient				Total
ACIT equity funds		$	-			$	760			$	-			$	760
ACIT fixed income funds			-				12,002				70				12,072
Cash management funds			-				1,028				-				1,028
		$	-			$	13,790			$	70			$	13,860

Schedule of Expected Benefit Payments [Table Text Block]

Years ending December 31,
2024			$	12,540
2025				138
2026				137
2027				135
2028				132
2029-2033				614

X

- Definition

Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (a)(b)(c)
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-4

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-2

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (f)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration