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(11) Employee Benefits (Tables) | 12 Months Ended
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Dec. 31, 2022
Retirement Benefits [Abstract] |
Schedule of reconciliation of the change in the plan's benefit obligations |
Schedule of reconciliation of the change in the plan's benefit obligations |  |  |
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (In thousands) |
Change in Projected Benefit Obligation |  |  |  |  |  |  |  |
Projected benefit obligation, beginning of year |  | $ | 22,280 |  |  | $ | 24,678 |
Interest cost |  |  | 579 |  |  |  | 553 |
Assumption changes |  |  | (5,450 | ) |  |  | (1,074 | )
Actuarial (gain) loss |  |  | 85 |  |  |  | (222 | )
Settlements |  |  | (716 | ) |  |  | (865 | )
Benefits paid |  |  | (826 | ) |  |  | (790 | )
Projected benefit obligation, end of year |  | $ | 15,952 |  |  | $ | 22,280 |
Change in Plan Assets |  |  |  |  |  |  |  |
Fair value of plan assets, beginning of year |  | $ | 26,098 |  |  | $ | 18,165 |
Return on assets |  |  | (5,702 | ) |  |  | 8,703 |
Employer contribution |  |  | – |  |  |  | 1,124 |
Expenses |  |  | (86 | ) |  |  | (239 | )
Settlements |  |  | (716 | ) |  |  | (865 | )
Benefits paid |  |  | (826 | ) |  |  | (790 | )
Fair value of plan assets, end of year |  | $ | 18,768 |  |  | $ | 26,098 |
Funded Status at end of year |  | $ | 2,816 |  |  | $ | 3,818 |
Schedule of weighted average assumptions used to determine pension benefit obligations |
Schedule of weighted average assumptions used to determine pension benefit obligations |  |  |  |  |  |  |  |
|  | December, 31 |
|  | 2022 |  |  | 2021 |
Weighted average assumptions used to determine benefit obligations |  |  |  |  |  |  |  |
Discount rate |  |  | 4.87% |  |  |  | 2.65% |
Weighted average assumptions used to determine net periodic benefit cost |  |  |  |  |  |  |  |
Discount rate |  |  | 2.65% |  |  |  | 2.28% |
Expected return on plan assets |  |  | 7.25% |  |  |  | 7.25% |
Schedule of components of net periodic benefit cost |
Schedule of components of net periodic benefit cost |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (In thousands) |
Amounts recognized on Consolidated Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  | $ | 2,816 |  |  | $ | 3,818 |  |  | $ | – |
Other liabilities |  |  | – |  |  |  | – |  |  |  | (6,513 | )
Net amount recognized |  | $ | 2,816 |  |  | $ | 3,818 |  |  | $ | (6,513 | )
Amounts recognized in accumulated other comprehensive loss consists of: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | 5,716 |  |  | $ | 3,794 |  |  | $ | 13,297 |
Unrecognized transition asset |  |  | – |  |  |  | – |  |  |  | – |
Net amount recognized |  | $ | 5,716 |  |  | $ | 3,794 |  |  | $ | 13,297 |
Components of net periodic benefit cost |  |  |  |  |  |  |  |  |  |  |  |
Interest cost |  | $ | 579 |  |  | $ | 553 |  |  | $ | 693 |
Expected return on assets |  |  | (1,860 | ) |  |  | (1,301 | ) |  |  | (1,150 | )
Amortization of transition asset |  |  | – |  |  |  | – |  |  |  | – |
Amortization of net loss |  |  | 105 |  |  |  | 896 |  |  |  | 839 |
Net periodic benefit cost |  |  | (1,176 | ) |  |  | 148 |  |  |  | 382 |
Settlement (gain)/loss |  |  | 256 |  |  |  | (865 | ) |  |  | – |
Total |  | $ | (920 | ) |  | $ | (717 | ) |  | $ | 382 |
Benefit Obligation Recognized in Other Comprehensive Loss (Income) |  |  |  |  |  |  |  |  |  |  |  |
Net loss (gain) |  | $ | 1,003 |  |  | $ | (9,503 | ) |  | $ | 205 |
Prior service cost (credit) |  |  | – |  |  |  | – |  |  |  | – |
Amortization of prior service cost |  |  | – |  |  |  | – |  |  |  | – |
Net amount recognized in other comprehensive loss (income) |  | $ | 1,003 |  |  | $ | (9,503 | ) |  | $ | 205 |
Schedule of weighted average asset allocation of our pension benefits |
Schedule of weighted average asset allocation of our pension benefits |  |  |  |  |  |  |  |
|  | December 31, |
|  | 2022 |  |  | 2021 |
Weighted Average Asset Allocation at Year-End |  |  |  |  |  |  |  |
Asset Category |  |  |  |  |  |  |  |
Equity securities |  |  | 87% |  |  |  | 78% |
Debt securities |  |  | 13% |  |  |  | 22% |
Cash and cash equivalents |  |  | 0% |  |  |  | 0% |
Total |  |  | 100% |  |  |  | 100% |
Schedule of estimated Future Benefit Payments |
Schedule of estimated Future Benefit Payments |  |  |  |
Estimated Future Benefit Payments (In thousands) |  |  |  |
2023 |  | $ | 990 |
2024 |  |  | 1,329 |
2025 |  |  | 1,315 |
2026 |  |  | 1,392 |
2027 |  |  | 1,265 |
Years 2028 - 2032 |  |  | 5,954 |
Anticipated Contributions in 2023 |  | $ | – |
Schedule of fair value of plan assets |
Schedule of fair value of plan assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022 |
|  | Level 1 (1) |  |  | Level 2 (2) |  |  | Level 3 (3) |  |  | Total |
Investment Name: |  | (in thousands) |
Company Common Stock |  | $ | 7,848 |  |  | $ | – |  |  | $ | – |  |  | $ | 7,848 |
Large Cap Value |  |  | – |  |  |  | 2,037 |  |  |  | – |  |  |  | 2,037 |
Mid Cap Index |  |  | – |  |  |  | 594 |  |  |  | – |  |  |  | 594 |
Small Cap Growth |  |  | – |  |  |  | 546 |  |  |  | – |  |  |  | 546 |
Small Cap Value |  |  | – |  |  |  | 588 |  |  |  | – |  |  |  | 588 |
Large Cap Blend |  |  | – |  |  |  | 560 |  |  |  | – |  |  |  | 560 |
Growth |  |  | – |  |  |  | 1,843 |  |  |  | – |  |  |  | 1,843 |
International Growth |  |  | – |  |  |  | 2,251 |  |  |  | – |  |  |  | 2,251 |
Core Bond |  |  | – |  |  |  | 1,658 |  |  |  | – |  |  |  | 1,658 |
High Yield |  |  | – |  |  |  | 347 |  |  |  | – |  |  |  | 347 |
Inflation Protected Bond |  |  | – |  |  |  | 433 |  |  |  | – |  |  |  | 433 |
Money Market |  |  | – |  |  |  | 63 |  |  |  | – |  |  |  | 63 |
Total |  | $ | 7,848 |  |  | $ | 10,920 |  |  | $ | – |  |  | $ | 18,768 |
|  | December 31, 2021 |
|  | Level 1 (1) |  |  | Level 2 (2) |  |  | Level 3 (3) |  |  | Total |
Investment Name: |  | (in thousands) |
Company Common Stock |  | $ | 10,472 |  |  | $ | – |  |  | $ | – |  |  | $ | 10,472 |
Large Cap Value |  |  | – |  |  |  | 2,933 |  |  |  | – |  |  |  | 2,933 |
Mid Cap Index |  |  | – |  |  |  | 836 |  |  |  | – |  |  |  | 836 |
Small Cap Growth |  |  | – |  |  |  | 714 |  |  |  | – |  |  |  | 714 |
Small Cap Value |  |  | – |  |  |  | 868 |  |  |  | – |  |  |  | 868 |
Large Cap Blend |  |  | – |  |  |  | 859 |  |  |  | – |  |  |  | 859 |
Growth |  |  | – |  |  |  | 2,915 |  |  |  | – |  |  |  | 2,915 |
International Growth |  |  | – |  |  |  | 3,036 |  |  |  | – |  |  |  | 3,036 |
Core Bond |  |  | – |  |  |  | 2,316 |  |  |  | – |  |  |  | 2,316 |
High Yield |  |  | – |  |  |  | 473 |  |  |  | – |  |  |  | 473 |
Inflation Protected Bond |  |  | – |  |  |  | 641 |  |  |  | – |  |  |  | 641 |
Money Market |  |  | – |  |  |  | 35 |  |  |  | – |  |  |  | 35 |
Total |  | $ | 10,472 |  |  | $ | 15,626 |  |  | $ | – |  |  | $ | 26,098 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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