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Employee Benefit Plans (Tables)
12 Months Ended
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)202520242023
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 cost18 18 18 
Total for defined benefit plans314 (1,610)(1,624)
SERPs970 936 974 
Defined contribution plan15,010 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)202520242023
Actuarial gain/(loss)$13,389 $(5)$3,091 
Amortization of actuarial loss and prior service cost18 18 18 
Total$13,407 $13 $3,109 
Schedule of Assumptions Used
Assumptions used in determining the annual retirement plans expense were as follows:
202520242023
Discount rate5.67 %5.18 %5.47 %
Long-term rate of return on plan assets5.50 %5.50 %5.50 %
Assumptions used to determine the defined benefit pension plan benefit obligation were as follows:
202520242023
Weighted average discount rate5.47 %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 PlanSERPs
 For the years ended December 31,
(in thousands)2025202420252024
Change in projected benefit obligation:
Projected benefit obligation at beginning of year$415,121 $448,993 $12,738 $13,437 
Interest cost22,531 22,444 681 662 
Benefits paid(35,911)(37,828)(1,411)(1,131)
Actuarial (gains)/losses5,743 (18,488)155 (230)
Projected benefit obligation at end of year407,484 415,121 12,163 12,738 
Plan assets:
Fair value at beginning of year355,180 387,429 — — 
Actual return on plan assets41,367 5,579 — — 
Company contributions— — 1,411 1,131 
Benefits paid(35,911)(37,828)(1,411)(1,131)
Fair value at end of year360,636 355,180 — — 
Funded status$(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 cost298 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 PlanSERPs
 As of December 31,
(in thousands)2025202420252024
Accumulated benefit obligation$407,484 $415,121 $12,163 $12,738 
Projected benefit obligation407,484 415,121 12,163 12,738 
Fair value of plan assets360,636 355,180 — — 
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,
 202620252024
US equity securities13 %14 %13 %
Non-US equity securities27 %32 %32 %
Fixed-income securities55 %53 %54 %
Other%%%
Total100 %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)20252024
Equity securities
Common/collective trust funds$165,005 $159,893 
Fixed income
Common/collective trust funds192,873 192,571 
Receivables for investment sold2,758 2,716 
Fair value of plan assets$360,636 $355,180