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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2025
Retirement Benefits [Abstract] |
Schedule of Components of Benefit Expense | The components of the expense consisted of the following:
|  | For the years ended December 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Interest cost |  | $ | 22,531 |  |  | $ | 22,444 |  |  | $ | 23,579 |
Expected return on plan assets, net of expenses |  | (22,235) |  |  | (24,072) |  |  | (25,221) |
Amortization of actuarial loss and prior service cost |  | 18 |  |  | 18 |  |  | 18 |
Total for defined benefit plans |  | 314 |  |  | (1,610) |  |  | (1,624) |
SERPs |  | 970 |  |  | 936 |  |  | 974 |
Defined contribution plan |  | 15,010 |  |  | 16,290 |  |  | 15,998 |
Net periodic benefit cost |  | $ | 16,294 |  |  | $ | 15,616 |  |  | $ | 15,348 |
Schedule of 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:
|  | For the years ended December 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Actuarial gain/(loss) |  | $ | 13,389 |  |  | $ | (5) |  |  | $ | 3,091 |
Amortization of actuarial loss and prior service cost |  | 18 |  |  | 18 |  |  | 18 |
Total |  | $ | 13,407 |  |  | $ | 13 |  |  | $ | 3,109 |
Schedule of Assumptions Used | Assumptions used in determining the annual retirement plans expense were as follows:
|  | 2025 |  | 2024 |  | 2023
Discount rate |  | 5.67 | % |  | 5.18 | % |  | 5.47 | %
Long-term rate of return on plan assets |  | 5.50 | % |  | 5.50 | % |  | 5.50 | %
Assumptions used to determine the defined benefit pension plan benefit obligation were as follows:
|  | 2025 |  | 2024 |  | 2023
Weighted average discount rate |  | 5.47 | % |  | 5.67 | % |  | 5.18 | %
Schedule of Employee Benefit Plan Assets and Obligations | The following table presents information about our employee benefit plan assets and obligations:
|  | Defined Benefit Plan |  | SERPs
|  | For the years ended December 31,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Change in projected benefit obligation: |  |  |  |  |  |  |  |
Projected benefit obligation at beginning of year |  | $ | 415,121 |  |  | $ | 448,993 |  |  | $ | 12,738 |  |  | $ | 13,437 |
Interest cost |  | 22,531 |  |  | 22,444 |  |  | 681 |  |  | 662 |
Benefits paid |  | (35,911) |  |  | (37,828) |  |  | (1,411) |  |  | (1,131) |
Actuarial (gains)/losses |  | 5,743 |  |  | (18,488) |  |  | 155 |  |  | (230) |
Projected benefit obligation at end of year |  | 407,484 |  |  | 415,121 |  |  | 12,163 |  |  | 12,738 |
Plan assets: |  |  |  |  |  |  |  |
Fair value at beginning of year |  | 355,180 |  |  | 387,429 |  |  | — |  |  | — |
Actual return on plan assets |  | 41,367 |  |  | 5,579 |  |  | — |  |  | — |
Company contributions |  | — |  |  | — |  |  | 1,411 |  |  | 1,131 |
Benefits paid |  | (35,911) |  |  | (37,828) |  |  | (1,411) |  |  | (1,131) |
Fair value at end of year |  | 360,636 |  |  | 355,180 |  |  | — |  |  | — |
Funded status |  | $ | (46,848) |  |  | $ | (59,941) |  |  | $ | (12,163) |  |  | $ | (12,738) |
Amounts recognized in Consolidated Balance Sheets: |  |  |  |  |  |  |  |
Current liabilities |  | $ | — |  |  | $ | — |  |  | $ | (1,279) |  |  | $ | (1,468) |
Noncurrent liabilities |  | (46,848) |  |  | (59,941) |  |  | (10,884) |  |  | (11,270) |
Total |  | $ | (46,848) |  |  | $ | (59,941) |  |  | $ | (12,163) |  |  | $ | (12,738) |
Amounts recognized in accumulated other comprehensive loss consist of: |  |  |  |  |  |  |  |
Net actuarial loss |  | $ | 82,409 |  |  | $ | 95,798 |  |  | $ | 3,493 |  |  | $ | 3,468 |
Prior service cost |  | 298 |  |  | 316 |  |  | — |  |  | — |
Schedule of Pension Plans With an Accumulated Benefit Obligation and Projected Benefit Obligation in Excess of Plan Assets | Information for plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets was as follows:
|  | Defined Benefit Plan |  | SERPs
|  | As of December 31,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Accumulated benefit obligation |  | $ | 407,484 |  |  | $ | 415,121 |  |  | $ | 12,163 |  |  | $ | 12,738 |
Projected benefit obligation |  | 407,484 |  |  | 415,121 |  |  | 12,163 |  |  | 12,738 |
Fair value of plan assets |  | 360,636 |  |  | 355,180 |  |  | — |  |  | — |
Schedule of Allocation of Pension Plan Assets by Asset Category | Information related to our pension plan asset allocations by asset category were as follows:
|  | Target allocation |  | Percentage of plan assets as of December 31,
|  | 2026 |  | 2025 |  | 2024
US equity securities |  | 13 | % |  | 14 | % |  | 13 | %
Non-US equity securities |  | 27 | % |  | 32 | % |  | 32 | %
Fixed-income securities |  | 55 | % |  | 53 | % |  | 54 | %
Other |  | 5 | % |  | 1 | % |  | 1 | %
Total |  | 100 | % |  | 100 | % |  | 100 | %
Plan Assets Measured Using the Fair Value Hierarchy | The following table presents our plan assets as of December 31, 2025 and 2024:
|  | As of December 31,
(in thousands) |  | 2025 |  | 2024
Equity securities |  |  |  |
Common/collective trust funds |  | $ | 165,005 |  |  | $ | 159,893 |
Fixed income |  |  |  |
Common/collective trust funds |  | 192,873 |  |  | 192,571 |
Receivables for investment sold |  | 2,758 |  |  | 2,716 |
Fair value of plan assets |  | $ | 360,636 |  |  | $ | 355,180 |

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