EMPLOYEE RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2022

Defined Benefit Pension Plans And Defined Benefit Postretirement Plans [Abstract]

Information Relating to the Company's Plan

Information relating to the Company’s plan is as follows (in thousands):

	Year Ended December 31,
	2022			2021
Change in benefit obligation:
Benefit obligation, beginning of year	$	66,773		$	78,527
Service cost		1,287			1,675
Interest cost		1,383			1,165
Actuarial (gain) loss		(7,639	)		(14,956	)
Plan amendment		—			362
Benefit obligation, end of year		61,804			66,773
Fair value of plan assets		—			—
Unfunded status of the plan, end of year	$	61,804		$	66,773
Current liability	$	2,014		$	—
Non-current liability	$	59,790		$	66,773

Components of Net Periodic Pension Cost

The components of net periodic pension cost were as follows (in thousands):

	Year Ended December 31,
	2022		2021		2020
Service cost	$	1,287	$	1,675	$	1,092
Interest cost		1,383		1,165		1,285
Amortization of prior service cost		1,119		1,099		1,098
Amortization of loss		1,487		4,936		2,181
Total net periodic benefit cost	$	5,276	$	8,875	$	5,656

Assumptions Used to Determine Benefit Obligation and Net Periodic Pension Cost

Assumptions used to determine the year end benefit obligation were as follows:

	Year Ended December 31,
	2022			2021
Discount rate		4.94	%		2.16	%
Rate of compensation increases		3.50	%		3.50	%

Assumptions used to determine the net periodic pension cost were as follows:

	Year Ended December 31,
	2022			2021			2020
Discount rate		2.16	%		1.54	%		2.64	%
Rate of compensation increases		3.50	%		3.50	%		3.50	%

Amounts to be Amortized from Accumulated Other Comprehensive Loss into Net Periodic Pension Cost in Next Fiscal Year

The estimated amounts to be amortized from accumulated other comprehensive loss into the net periodic pension cost in 2023 are as follows (in thousands):

Amortization of prior service cost	$	815
Amortization of loss		480
Total	$	1,295

Benefit Payments Expected to be Paid

Benefit payments, which reflect estimated future service, are currently expected to be paid as follows (in thousands):

Year	Projected Benefits
2023	$	2,014
2024		5,785
2025		5,785
2026		7,101
2027		7,539
2028-2032		41,093
Thereafter		23,737