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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2024

EMPLOYEE BENEFIT PLANS

Schedule of pension benefits

​

​	​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024			2023
​	​	(IN THOUSANDS)
CHANGE IN BENEFIT OBLIGATION:		​			​
Benefit obligation at beginning of year	​	$	34,819	​	$	34,906
Service cost	​		832	​	​	1,071
Interest cost	​		1,562	​	​	1,761
Actuarial (gain) loss	​		(532)	​	​	82
Settlements	​		(4,521)	​	​	—
Benefits paid	​		(932)	​	​	(3,001)
Benefit obligation at end of year	​		31,228	​	​	34,819
CHANGE IN PLAN ASSETS:	​			​
Fair value of plan assets at beginning of year	​		59,335	​	​	56,257
Actual return on plan assets	​		8,735	​	​	6,079
Employer contributions	​		—	​	​	—
Settlements	​		(4,521)	​	​	—
Benefits paid	​		(932)	​	​	(3,001)
Fair value of plan assets at end of year	​		62,617	​	​	59,335
Funded status of the plan	​	$	31,389	​	$	24,516

Schedule of amounts not yet recognized as a component of periodic pension cost

​

​	​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024			2023
​	​	(IN THOUSANDS)
AMOUNTS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST:		​			​	​
Amounts recognized in accumulated other comprehensive loss consists of:		​			​	​
Net actuarial loss	​	$	2,045	​	$	7,626
Total	​	$	2,045	​	$	7,626

Schedule of accumulated benefit obligation

​

​	​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024			2023
​	​	(IN THOUSANDS)
ACCUMULATED BENEFIT OBLIGATION:		​			​
Accumulated benefit obligation	​	$	29,215	​	$	32,137

Schedule of weighted-average assumptions used to determine benefit obligations

​

​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024		2023
WEIGHTED AVERAGE ASSUMPTIONS:					​
Discount rate		5.58	%	5.12	%
Salary scale	​	​	​	​	​
Ages 25-34	​	5.00	​	5.00	​
Ages 35-44	​	4.00	​	4.00	​
Ages 45-54	​	3.00	​	3.00	​
Ages 55+		2.50		2.50	​

Schedule of net periodic pension cost

​

​	​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024			2023
​	​	(IN THOUSANDS)
COMPONENTS OF NET PERIODIC BENEFIT COST:	​	​			​
Service cost	​	$	832	​	$	1,071
Interest cost	​		1,562	​		1,761
Expected return on plan assets	​		(4,157)	​		(4,063)
Amortization of net loss	​		—	​		37
Settlement charge	​		471	​		—
Net periodic pension benefit	​	$	(1,292)	​	$	(1,194)

Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss

​

​	​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024			2023
​	​	(IN THOUSANDS)
OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS		​	​		​
Net gain	​	$	(5,110)	​	$	(1,934)
Recognized loss	​		(471)	​		(37)
Total recognized in other comprehensive loss before tax effect	​	$	(5,581)	​	$	(1,971)
Total recognized in net benefit cost and other comprehensive loss before tax effect	​	$	(6,873)	​	$	(3,165)

Schedule of weighted-average assumptions used to determine net periodic benefit cost

​

​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024		2023
WEIGHTED AVERAGE ASSUMPTIONS:
Discount rate		5.12	%	5.45	%
Expected return on plan assets		7.00		7.00
Rate of compensation increase	​	​	​	​	​
Ages 25-34	​	5.00	​	5.00	​
Ages 35-44	​	4.00	​	4.00	​
Ages 45-54	​	3.00	​	3.00	​
Ages 55+		2.50		2.50

Schedule of plan's asset allocations

​

​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024		2023
ASSET CATEGORY:					​
Cash and cash equivalents		1.4	%	2.4	%
Fixed income		35.1		94.2	​
Equity		63.5		3.4	​
Total		100.0	%	100.0	%

Schedule of fair value of plan assets

​

​	​	​	​	​	​	​
​	​	YEAR ENDED DECEMBER 31,
​		2024			2023
​	​	(IN THOUSANDS)
Level 1:		​			​
Cash and cash equivalents	​	$	878	​	$	1,419
Fixed income	​		22,003	​	​	55,909
Equity	​		39,736	​	​	2,007
Total fair value of plan assets	​	$	62,617	​	$	59,335

Schedule of benefit payments

​

​	​	​	​
​		ESTIMATED FUTURE
YEAR:	​	BENEFIT PAYMENTS
​	​	(IN THOUSANDS)
2025	​	$	5,142
2026	​		4,188
2027	​		3,631
2028	​		3,169
2029	​		2,805
Years 2030-2034	​		12,041

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Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

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