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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Change in Benefit Obligation, Plan Assets and Funded Status
The following table summarizes information about our SERP.
(In thousands)20252024
Change in benefit obligation:
Benefit obligation at beginning of the year$6,838 $7,090 
Interest cost373 355 
Actuarial losses (gains)323 (153)
Benefits paid(497)(454)
Benefit obligation at end of year7,037 6,838 
Change in plan assets:
Employer contribution497 454 
Benefits paid(497)(454)
Fair value of plan assets at end of year— — 
Funded status of the plan – (underfunded)$(7,037)$(6,838)
Accumulated benefit obligations$7,037 $6,838 
Schedule of Amounts Recognized in Consolidated Balance Sheets
Amounts recognized in the consolidated balance sheets consist of:
(In thousands)20252024
Current liabilities$(609)$(581)
Noncurrent liabilities(6,428)(6,257)
$(7,037)$(6,838)
Schedule of Net Pension Costs
Net pension cost included the following components:
(In thousands)202520242023
Interest cost on projected benefit obligation$373 $355 $361 
Net pension costs$373 $355 $361 
Schedule of Assumptions
We use a measurement date of December 31 for our SERP plan. Assumptions used to determine net periodic benefit cost for years ended December 31 are as follows:
202520242023
Discount rate5.60%5.14%5.43%
Rate of compensation increasen/an/an/a
Assumptions used to determine benefit obligations at December 31 for the SERP are as follows:
20252024
Discount rate5.32%5.60%
Rate of compensation increasen/an/a
Schedule of Expected Future Benefit Payments
The following schedule outlines the expected benefit payments related to the SERP in future years. These expected benefits were estimated based on the same actuarial assumptions used to determine benefit obligations at December 31, 2025.
(In thousands)202620272028202920302031-2035
Benefit Payments$609 $627 $607 $597 $576 $2,744