ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2025

ACCUMULATED OTHER COMPREHENSIVE LOSS.

ACCUMULATED OTHER COMPREHENSIVE LOSS

5. ACCUMULATED OTHER COMPREHENSIVE LOSS:

The Company’s balance in accumulated other comprehensive loss is comprised of amounts related to the Company’s frozen noncontributory defined benefit pension plan, interest rate derivatives designated as cash flow hedges related to the Company’s outstanding debt as discussed in Note 8, “Debt,” and amounts related to an other-than-temporary impairment of a held-to-maturity investment that existed prior to 2020 with respect to the notes receivable discussed in Note 7, “Notes Receivable,” to the condensed consolidated financial statements included herein.

Changes in accumulated other comprehensive loss by component for the six months ended June 30, 2025 and 2024 consisted of the following (in thousands):

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2024	$	(12,120)	$	(2,667)	$	(385)	$	(15,172)
Gains arising during period		—		—		100		100
Amounts reclassified from accumulated other comprehensive loss		(347)		105		106		(136)
Income tax benefit		53		—		—		53
Net other comprehensive income (loss)		(294)		105		206		17
Balance, June 30, 2025	$	(12,414)	$	(2,562)	$	(179)	$	(15,155)

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2023	$	(15,187)	$	(2,878)	$	(1,322)	$	(19,387)
Gains arising during period		—		—		2,326		2,326
Amounts reclassified from accumulated other comprehensive loss		(227)		106		(749)		(870)
Income tax benefit		63		—		—		63
Net other comprehensive income (loss)		(164)		106		1,577		1,519
Balance, June 30, 2024	$	(15,351)	$	(2,772)	$	255	$	(17,868)