XML 48 R34.htm IDEA: XBRL DOCUMENT v3.24.0.1

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

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

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (d)(5)
-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_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ References

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

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
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 the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (b)
-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_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
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

- Definition

Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

+ References

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

+ Details

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

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

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