EMPLOYEE RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023			2022
Change in benefit obligation:
Benefit obligation, beginning of year	$	61,804		$	66,773
Service cost		951			1,287
Interest cost		2,898			1,383
Actuarial gain		(9,375	)		(7,639	)
Benefit payments		(2,015	)		—
Benefit obligation, end of year		54,263			61,804
Fair value of plan assets		—			—
Unfunded status of the plan, end of year	$	54,263		$	61,804
Current liability	$	2,014		$	2,014
Non-current liability	$	52,249		$	59,790

Components of Net Periodic Pension Cost

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

	Year Ended December 31,
	2023		2022		2021
Service cost	$	951	$	1,287	$	1,675
Interest cost		2,898		1,383		1,165
Amortization of prior service cost		815		1,119		1,099
Amortization of loss		480		1,487		4,936
Total net periodic benefit cost	$	5,144	$	5,276	$	8,875

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,
	2023			2022
Discount rate		4.74	%		4.94	%
Rate of compensation increases		3.50	%		3.50	%

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

	Year Ended December 31,
	2023			2022			2021
Discount rate		4.94	%		2.16	%		1.54	%
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 2024 are as follows (in thousands):

Amortization of prior service cost	$	43
Amortization of loss		—
Total	$	43

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
2024	$	2,014
2025		5,097
2026		6,141
2027		6,489
2028		6,489
2029-2033		34,503
Thereafter		14,855