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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2023
PENSION AND RETIREMENT PLANS |
Schedule of funded status of the Retirement Income Plan | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, |  | 2023 |  | 2022
(in thousands) |  | ​ |  |  | ​ |
Accumulated benefit obligation at end of year | ​ | $ | — | ​ | $ | 3,146
​ | ​ | ​ | ​ | ​ | ​ | ​
Change in projected benefit obligation: | ​ |  | ​ | ​ |  |
Benefit obligation at beginning of year | ​ | $ | 3,146 | ​ | $ | 5,832
Service cost | ​ |  | — | ​ |  | —
Interest cost | ​ |  | 5 | ​ |  | 133
Actuarial loss | ​ |  | (243) | ​ |  | (1,045)
Benefits paid | ​ |  | (131) | ​ |  | (322)
Settlement | ​ | ​ | (2,777) | ​ | ​ | (1,452)
Projected benefit obligation at end of year | ​ | $ | — | ​ | $ | 3,146
Change in plan assets: | ​ |  | ​ | ​ |  |
Fair value of plan assets at beginning of year | ​ | $ | 3,502 | ​ | $ | 6,870
Actual return on plan assets | ​ |  | (70) | ​ |  | (1,594)
Benefits paid | ​ |  | (131) | ​ |  | (322)
Transfer of assets | ​ | ​ | (524) | ​ | ​ | —
Settlement | ​ | ​ | (2,777) | ​ | ​ | (1,452)
Fair value of plan assets at end of year | ​ | $ | — | ​ | $ | 3,502
Funded status at end of year | ​ | $ | — | ​ | $ | 356
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, |  | 2023 |  | 2022
(in thousands) |  | ​ |  |  | ​ |
Amounts (pre-tax) recognized in accumulated other comprehensive loss consist of: |  | ​ |  |  | ​ |
Net loss | ​ | $ | — | ​ | $ | 2,558
Prior service cost (credit) | ​ |  | — | ​ |  | —
​ | ​ | $ | — | ​ | $ | 2,558
Schedule of net periodic cost (benefit) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | 2023 | ​ | 2022 | ​ | 2021
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Service cost for benefits earned during the period | ​ | $ | — | ​ | $ | — | ​ | $ | —
Interest cost | ​ |  | 5 | ​ |  | 133 | ​ |  | 147
Expected return on plan assets | ​ |  | — | ​ |  | — | ​ |  | (289)
Amortization of net losses | ​ |  | 22 | ​ |  | 113 | ​ |  | 73
Settlement loss | ​ | ​ | 2,363 | ​ | ​ | 1,180 | ​ | ​ | —
Net periodic cost | ​ | $ | 2,390 | ​ | $ | 1,426 | ​ | $ | (69)
Schedule of amounts recognized in other comprehensive income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | 2023 |  | 2022 |  | 2021
Net loss (gain) | ​ | $ | (173) | ​ | $ | 549 | ​ | $ | 879
Amortization of net loss | ​ |  | (22) | ​ |  | (113) | ​ |  | (73)
Settlement loss | ​ | ​ | (2,363) | ​ | ​ | (1,180) | ​ | ​ | —
Amount recognized in accumulated other comprehensive income (loss) | ​ | $ | (2,558) | ​ | $ | (744) | ​ | $ | 806
Schedule of weighted average assumptions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, |  | 2023 |  | 2022 |  | 2021 |
Projected benefit obligation: |  |  |  |  |  |  | ​
Discount rate |  | (1) | ​ | (1) | ​ | (1) | ​
Rate of compensation increase |  | — |  | N/A |  | N/A |
Net benefit cost: |  |  |  |  |  |  |
Discount rate |  | — | ​ | (1) | ​ | 2.70 | %
Expected return on plan assets |  | — | ​ | — | ​ | 4.00 | %
Rate of compensation increase |  | — |  | N/A |  | N/A |
(1) As of December 31, 2023, there was no liability in the Plan and therefore, a discount rate does not apply. Projected benefit obligation as of December 31, 2022, and December 31, 2021 reflects termination of the Plan and is calculated based on various assumptions in accordance with the Plan agreement.
Schedule of allocation of plan assets | ​
​ | ​ | ​ | ​
​ | ​ | Percentage of |
​ | ​ | Plan Assets as of |
​ | ​ | December 31, |
Asset Category |  | 2022 |
Cash and Cash Equivalents |  | 3.7 | %
Fixed Income Securities |  | 96.3 | ​
Total |  | 100.0 | %
Schedule of plan assets using the fair value hierarchy | Fair Value Hierarchy as of December 31, 2022:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments (in thousands) |  | ​ | ​ |  | Total |  | Level 1 |  | Level 2
Cash and Cash Equivalents |  | ​ | (1) | ​ | $ | 129 | ​ | $ | 129 | ​ | $ | —
Fixed Income Securities |  | ​ | (2) | ​ |  | 3,373 | ​ |  | — | ​ |  | 3,373
Total Assets in the Fair Value Hierarchy | ​ | ​ | ​ | ​ | $ | 3,502 | ​ | $ | 129 | ​ | $ | 3,373
​
(1) | Cash and cash equivalents, which are used to pay benefits and plan administrative expenses, are held in Rule 2a-7 money market funds.
(2) | Fixed income securities are primarily valued using a market approach with inputs that include broker quotes, benchmark yields, base spreads and reported trades. Subsequent to December 31, 2022, these securities were liquidated to fund the annuity purchase.
​
Schedule Of Nonvested Restricted Stock Units Activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted Average
​ | ​ | ​ | ​ | Grant-Date Fair
​ |  | Shares |  | Value
Non-vested shares at January 1, 2023 |  | 764,170 | ​ | $ | 14.15
Granted |  | 318,348 | ​ | ​ | 13.25
Vested |  | (243,468) | ​ | ​ | 14.16
Non-vested shares at December 31, 2023 |  | 839,050 | ​ | $ | 13.81
​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted Average
​ | ​ | ​ | ​ | Grant-Date Fair
​ |  | Shares |  | Value
Non-vested shares at January 1, 2022 |  | 671,370 | ​ | $ | 14.70
Granted |  | 311,703 | ​ | ​ | 11.61
Vested |  | (193,403) | ​ | ​ | 11.96
Forfeited |  | (25,500) | ​ | ​ | 14.11
Non-vested shares at December 31, 2022 |  | 764,170 | ​ | $ | 14.15

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