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Post Retirement Benefits (Tables) | 12 Months Ended
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Dec. 31, 2024
Retirement Benefits [Abstract] |
Schedule of Multiemployer Plan |
Pension Fund |  | EIN/Pension Plan Number |  | Pension Protection Act Zone Status |  | FIP/RP Status Pending/ Implemented |  | Contributions of the Company |  | Surcharge Imposed |  | Expiration Date of Collective Bargaining Agreement
2024 |  | 2023 | 2024 |  | 2023
IAM National Pension Fund / National Pension Plan (A) |  | 51-6031295 - 002 |  | Red Zone as of 12/31/23 |  | Red Zone as of 12/31/22 |  | Implemented |  | $ | 890,000 |  |  | $ | 1,002,000 |  |  | Yes |  | 8/7/2025
|  |  |  |  |  | Total Contributions: |  | $ | 890,000 |  |  | $ | 1,002,000 |  |  |  |  |
(A)The plan re-certified its zone status after using the amortization provisions of the Code. The Company's contributions to the plan did not represent more than 5% of total contributions to the plan as indicated in the plan's most recently available annual report for the plan year ended December 31, 2023. Under the terms of the collective-bargaining agreement, the Company is required to make contributions to the plan for each hour worked up to a maximum of 40 hours per person, per week at $1.55 per hour from August 10, 2019 through August 9, 2025. The Company is paying a surcharge of $0.16 for each hour worked up to a maximum of 40 hours per person, per week as a result of the pension plan being in the Red Zone.
Schedule of Benefit Obligation | The funded status of the Company's post-retirement health and life insurance benefits plan as of December 31, 2024 and 2023 and reconciliation with the amounts recognized in the Consolidated Balance Sheets are provided below (in thousands):
| Post-Retirement Benefits
2024 |  | 2023
Change in benefit obligation: |  |  |
Benefit obligation at January 1 | $ | 3,116 |  |  | $ | 6,625 |
Interest cost | 93 |  |  | 254 |
Unrecognized loss (gain) | 550 |  |  | (3,004) |
Benefits paid, net | (461) |  |  | (759) |
Benefit obligation at December 31 | $ | 3,298 |  |  | $ | 3,116 |
Plan Assets | — |  |  | — |
Amounts recorded in accumulated other comprehensive income: |  |  |
Prior service credit | $ | (3,130) |  |  | $ | (3,648) |
Net loss (gain) | (1,358) |  |  | (2,056) |
Total | $ | (4,488) |  |  | $ | (5,704) |
Weighted-average assumptions as of December 31: |  |  |
Discount rate used to determine benefit obligation and net periodic benefit cost | 5.4 | % |  | 4.7 | %
Schedule of Post Retirement Benefit Plans | The components of expense for all of the Company's post-retirement benefit plans for the years ended December 31 (in thousands):
| 2024 |  | 2023 |  | 2022
Pension expense: |  |  |  |  |
Multi-employer plan | $ | 794 |  |  | $ | 981 |  |  | $ | 1,137 |
Defined contribution plans | 1,792 |  |  | 1,873 |  |  | 1,482 |
Total pension expense | 2,586 |  |  | 2,854 |  |  | 2,619 |
Health and life insurance: |  |  |  |  |
Interest cost | 93 |  |  | 254 |  |  | 198 |
Amortization of prior service credits | (496) |  |  | (496) |  |  | (496) |
Amortization of net loss (gain) | (190) |  |  | 22 |  |  | 174 |
Net periodic benefit credit | (593) |  |  | (220) |  |  | (124) |
Total post retirement benefits expense | $ | 1,993 |  |  | $ | 2,634 |  |  | $ | 2,495 |
Schedule of Future Benefit Payments | The estimated future benefit payments of the health care plan for the next ten years are as follows (in thousands):
| Postretirement Health Care Benefits Plan
2025 | $ | 146 |
2026 | 164 |
2027 | 180 |
2028 | 189 |
2029 | 192 |
2030 - 2034 | 1,997 |

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