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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2024
EMPLOYEE BENEFIT PLANS  
Schedule of funded status of the Retirement Income Plan

(in thousands)

    

December 31, 

    

    

2023

Accumulated benefit obligation at end of year

$

Change in projected benefit obligation:

 

Benefit obligation at beginning of year

$

3,146

Service cost

 

Interest cost

 

5

Actuarial loss

 

(243)

Benefits paid

 

(131)

Settlement

(2,777)

Projected benefit obligation at end of year

$

Change in plan assets:

 

Fair value of plan assets at beginning of year

$

3,502

Actual return on plan assets

 

(70)

Benefits paid

 

(131)

Transfer of assets

(524)

Settlement

(2,777)

Fair value of plan assets at end of year

$

Funded status at end of year

$

Schedule of net periodic benefit cost

(in thousands)

2023

2022

Interest cost

 

5

 

133

Expected return on plan assets

 

 

Amortization of net losses

 

22

 

113

Settlement loss

2,363

1,180

Net periodic cost (1)

$

2,390

$

1,426

(1)Reported as part of Selling, general and administrative expenses in the accompanying Consolidated Statements of Operations.
Schedule of amounts recognized in other comprehensive income

(in thousands)

    

    

2023

    

2022

Net loss (gain)

$

(173)

$

549

Amortization of net loss

 

(22)

 

(113)

Settlement loss

(2,363)

(1,180)

Amount recognized in accumulated other comprehensive loss

$

(2,558)

$

(744)

Schedule Of Nonvested Restricted Stock Units Activity

Weighted Average

Grant-Date Fair

    

Shares

    

Value

Non-vested shares at January 1, 2024

 

839,050

$

13.81

Granted

 

336,451

 

11.35

Vested

 

(297,303)

 

13.70

Forfeited

 

(7,750)

 

12.81

Non-vested shares at December 31, 2024

 

870,448

$

12.90

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