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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Defined Benefit Plans
The status of the defined benefit pension plans at year-end was as follows:
 Year Ended December 31,
In thousands20232022
Change in benefit obligation
Benefit obligation at beginning of year$143,521 $186,041 
Interest cost7,088 5,040 
Actuarial gain (loss)1,465 (37,014)
Benefits paid(10,647)(10,546)
Benefit obligation at end of year$141,427 $143,521 
Change in plan assets
Fair value of plan assets at beginning of year$103,891 $131,741 
Actual return on plan assets7,128 (20,358)
Contributions3,324 3,053 
Benefits paid(10,647)(10,545)
Fair value of plan assets at end of year$103,696 $103,891 
Funded status at end of year$(37,731)$(39,630)
Recognized in Balance Sheet
The following amounts have been recognized in the Consolidated Balance Sheets as of December 31:
In thousands20232022
Current pension liabilities$8,561 $1,858 
Long term pension liabilities - Qualified plans10,540 18,674 
Long term pension liabilities - Nonqualified plan18,630 19,098 
Total pension liabilities$37,731 $39,630 
Recognized in Accumulated Other Comprehensive Loss
The following amounts have been recognized in accumulated other comprehensive loss, net of tax, as of December 31:
In thousands20232022
Net loss$42,456 $44,120 
Accumulated Benefit of Obligation in Excess of Plan Asset
The following information is presented for pension plans with an accumulated benefit obligation in excess of plan assets:
In thousands20232022
Projected benefit obligation$141,427 $143,521 
Accumulated benefit obligation$141,427 $143,521 
Fair value of plan assets$103,696 $103,891 
Net Period of Net Periodic Cost
The following table presents the components of net periodic benefit cost and other amounts recognized in other comprehensive income in the Consolidated Statements of Comprehensive Income for both plans:
Year Ended December 31,
In thousands20232022
Net Periodic Benefit Cost
Interest cost$7,088 $5,040 
Expected return on plan assets(6,216)(5,872)
Recognized actuarial loss2,521 2,876 
Net periodic benefit cost3,393 2,044 
Amounts Recognized in Other Comprehensive Income
Adjustment to pension liabilities(1,723)(10,274)
Net cost recognized in net periodic benefit cost and other comprehensive income$1,670 $(8,230)
Weighted-Average Assumptions Used for Measurement of Defined Pension Plans
The weighted-average assumptions used for measurement of the defined pension plans were as follows:
Weighted-average assumptions used to determine net periodic benefit costYear Ended December 31,
20232022
Discount rate
Qualified Plan I5.13 %2.75 %
Qualified Plan II5.18 %2.92 %
Restoration Plan5.12 %2.73 %
  
Expected return on plan assets
Qualified Plan I5.95 %4.25 %
Qualified Plan II7.05 %5.75 %
Restoration Plann/a n/a
Weighted-average assumptions used to determine benefit obligationsDecember 31,
20232022
Discount rate
Qualified Plan I5.64 %5.13 %
Qualified Plan II4.99 %5.18 %
Restoration Plan4.92 %5.12 %
Plan Assets
The funded pension plan assets as of December 31, 2023 and 2022, by asset category, were as follows:
In thousands2023%2022%
Equity securities$20,635 20 %$50,090 48 %
Debt securities76,036 73 %49,846 48 %
Other7,025 7 %3,955 4 %
Total plan assets$103,696 100 %$103,891 100 %
The following tables present the fair value measurements of the assets in our funded pension plan:
In thousandsDecember 31,
2023		Quoted Prices in Active Markets
for Identical Assets
(Level 1)		Significant Other Observable
Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Equity securities$20,635 $20,635 $— $— 
Debt securities76,036 66,847 9,189 — 
Total investments, excluding investments valued at NAV96,671 87,482 9,189 — 
Investments valued at NAV(1)
7,025 — — — 
Total plan assets$103,696 $87,482 $9,189 $— 
In thousandsDecember 31,
2022		Quoted Prices in Active Markets
for Identical Assets
(Level 1)		Significant Other Observable
Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Equity securities$50,090 $50,090 $— $— 
Debt securities$49,846 35,575 14,271 — 
Total investments, excluding investments valued at NAV99,936 85,665 14,271 — 
Investments valued at NAV(1)
$3,955 — — — 
Total plan assets$103,891 $85,665 $14,271 $— 
(1)Investment valued at net asset value ("NAV") are comprised of cash, cash equivalents, and short-term investments used to provide liquidity for the payment of benefits and other purposes. The commingled funds are valued at NAV based on the market value of the underlying investments, which are primarily government issued securities.
Acceptable Level of Volatility The policy establishes the following investment mix, which is intended to subject the principal to an acceptable level of volatility while still meeting the desired return objectives:
Qualified Pension Plan ITarget Acceptable RangeBenchmark Index
Equities—%
0% - 20%
  U.S. Large Cap—%
0% - 10%
Russell 1000 TR
  U.S. Mid Cap—%
0% - 5%
Russell Mid Cap Index TR
  U.S. Small Cap—%
0% - 5%
Russell 2000 TR
International Equity   
  Developed—%
0% - 5%
MSCI EAFE Net TR USD Index
  Emerging Markets—%
0% - 5%
MSCI Emerging Net Total Return
Fixed Income95%
0% - 100%
  Investment Grade95%
0% - 100%
BBG BARC US Aggregate Bond Index
Cash Equivalent5%
0%-100%
ICE BofA US 3-Month Treasury Bill Index TR
Qualified Pension Plan IITarget Acceptable RangeBenchmark Index
Equities77%
62% - 87%
 
  U.S. Large Cap28%
18% - 38%
Russell 1000 TR
  U.S. Mid Cap18%
13% - 23%
Russell Mid Cap Index TR
  U.S. Small Cap9%
4% - 14%
Russell 2000 TR
International Equity   
  Developed16%
11% - 21%
MSCI EAFE Net TR USD Index
  Emerging Markets6%
0% - 9%
MSCI Emerging Net Total Return
Fixed Income21%
11% - 31%
 
  Investment Grade21%
11% - 31%
BBG BARC US Aggregate Bond Index
Cash Equivalent2%
0%-40%
ICE BofA US 3-Month Treasury Bill Index TR
Expected Future Benefit Payments
The expected future benefit payments for both pension plans over the next ten years as of December 31, 2023, are as follows:
In thousands
2024$89,460 
20254,017 
20264,111 
20274,217 
20284,327 
2029 - 203322,809 
Total$128,941