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Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Liability Under Executive Benefit Plans The liability under these two deferral plans was as follows:
(in thousands)December 31, 2022December 31, 2021
Current liabilities$8,147 $10,111 
Noncurrent liabilities74,976 84,664 
Total liability - Supplemental Savings Incentive Plan and Director Deferral Plan$83,123 $94,775 
The liability under this plan was as follows:
(in thousands)December 31, 2022December 31, 2021
Current liabilities$173 $178 
Noncurrent liabilities7,249 6,815 
Total liability - Long-Term Retention Plan$7,422 $6,993 
The liability under this plan was as follows:
(in thousands)December 31, 2022December 31, 2021
Current liabilities$3,730 $4,036 
Noncurrent liabilities35,959 37,008 
Total liability - Officer Retention Plan$39,689 $41,044 
The liability under this plan was as follows:
(in thousands)December 31, 2022December 31, 2021
Current liabilities$7,738 $8,247 
Noncurrent liabilities9,673 7,675 
Total liability - Long-Term Performance Plan$17,411 $15,922 
Changes in Projected Benefit Obligation
The following tables set forth pertinent information for the two Company-sponsored pension plans:

 Fiscal Year
(in thousands)20222021
Beginning balance - projected benefit obligation$359,475 $368,245 
Service cost6,586 7,529 
Interest cost10,642 9,846 
Plan amendments154 — 
Actuarial gain(93,626)(12,735)
Benefits paid(13,088)(13,410)
Ending balance - projected benefit obligation$270,143 $359,475 
Change in Plan Assets
Change in Plan Assets

 Fiscal Year
(in thousands)20222021
Beginning balance - plan assets at fair value$328,250 $319,699 
Actual return on plan assets(76,683)16,427 
Employer contributions26,000 6,800 
Benefits and expenses paid(15,625)(14,676)
Ending balance - plan assets at fair value$261,942 $328,250 
Funded Status
Funded Status

(in thousands)December 31, 2022December 31, 2021
Projected benefit obligation$(270,143)$(359,475)
Plan assets at fair value261,942 328,250 
Net funded status$(8,201)$(31,225)
Amounts Recognized in the Consolidated Balance Sheet
Amounts Recognized in the Consolidated Balance Sheets

(in thousands)December 31, 2022December 31, 2021
Current liabilities$— $— 
Noncurrent liabilities(8,201)(31,225)
Total liability - pension plans$(8,201)$(31,225)
Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost
Net Periodic Pension Cost

 Fiscal Year
(in thousands)202220212020
Service cost$6,586 $7,529 $6,331 
Interest cost10,642 9,846 10,957 
Expected return on plan assets(8,143)(13,000)(13,617)
Recognized net actuarial loss3,990 4,954 4,619 
Amortization of prior service costs— 3 19 
Net periodic pension cost$13,075 $9,332 $8,309 
Net Periodic Postretirement Benefit Cost

 Fiscal Year
(in thousands)202220212020
Service cost$1,458 $1,516 $1,454 
Interest cost1,923 1,772 2,031 
Recognized net actuarial loss444 682 383 
Net periodic postretirement benefit cost$3,825 $3,970 $3,868 
Significant Assumptions
Significant Assumptions

 Fiscal Year
 202220212020
Projected benefit obligation at the measurement date:
Discount rate - Primary Plan5.33 %2.97 %2.66 %
Discount rate - Bargaining Plan5.34 %3.31 %3.12 %
Weighted average rate of compensation increaseN/AN/AN/A
Net periodic pension cost for the fiscal year:
Discount rate - Primary Plan2.97 %2.66 %3.36 %
Discount rate - Bargaining Plan3.31 %3.12 %3.61 %
Weighted average expected long-term rate of return of plan assets - Primary Plan(1)
3.00 %4.75 %5.50 %
Weighted average expected long-term rate of return of plan assets - Bargaining Plan(1)
5.50 %5.75 %6.25 %
Weighted average rate of compensation increaseN/AN/AN/A

(1)The weighted average expected long-term rate of return assumption for the pension plan assets, which was used to compute net periodic pension cost, is based upon target asset allocation and is determined using forward-looking performance and duration assumptions set at the beginning of each fiscal year.
Anticipated Future Pension and Postretirement Benefit Payments
Cash Flows

(in thousands)Anticipated Future Pension Benefit
Payments for the Fiscal Years
2023$237,899 
20241,053 
20251,241 
20261,470 
20271,689 
2028 - 203211,892 
Cash Flows

(in thousands)Anticipated Future Postretirement Benefit
Payments Reflecting Expected Future Service
2023$3,177 
20243,489 
20253,655 
20264,012 
20274,364 
2028 - 203222,825 
Target Asset Allocation, Actual Asset Allocation, and Weighted Average Expected Long-Term Rate of Return and Summary of Pension Plan Assets The Company’s
actual asset allocation at December 31, 2022 and December 31, 2021 and target asset allocation for 2023 by asset category for the Primary Plan were as follows:

Percentage of Plan
Assets at Fiscal Year-End		Target Asset
Allocation
 202220212023
U.S. debt securities84 %87 %64 %
U.S. equity securities— %— %— %
International debt securities10 %10 %— %
International equity securities— %— %— %
Cash and cash equivalents6 %3 %36 %
Total100 %100 %100 %

The Company’s actual asset allocation at December 31, 2022 and December 31, 2021 and target asset allocation for 2023 by asset category for the Bargaining Plan were as follows:

Percentage of Plan
Assets at Fiscal Year-End		Target Asset
Allocation
202220212023
U.S. debt securities56 %46 %41 %
U.S. equity securities32 %40 %46 %
International debt securities2 %2 %— %
International equity securities10 %11 %12 %
Cash and cash equivalents— %1 %1 %
Total100 %100 %100 %
The following table summarizes the Company’s pension plan assets, which are classified as Level 1 and Level 2 for fair value measurement. The Company does not have any Level 3 pension plan assets. See Note 14 for additional information.

(in thousands)December 31, 2022December 31, 2021
Pension plan assets - fixed income$232,578 $300,670 
Pension plan assets - equity securities16,194 18,867 
Pension plan assets - cash and cash equivalents13,170 8,713 
Total pension plan assets$261,942 $328,250 
Reconciliation of Activity in Postretirement Benefit Plan
The following tables set forth pertinent information for the Company’s postretirement benefit plan:

Reconciliation of Activity

 Fiscal Year
(in thousands)20222021
Benefit obligation at beginning of year$65,156 $67,665 
Service cost1,458 1,516 
Interest cost1,923 1,772 
Plan participants’ contributions657 930 
Actuarial gain(10,138)(3,414)
Benefits paid(3,757)(3,313)
Benefit obligation at end of year$55,299 $65,156 

The increase in the discount rate for the postretirement benefit plan, as compared to the previous years, was the primary driver of the actuarial gain in both 2022 and 2021. The actuarial gain, net of tax, was recorded in accumulated other comprehensive loss in the consolidated balance sheets.
Reconciliation of Plan Assets Fair Value in Postretirement Benefit Plan
Reconciliation of Plan Assets Fair Value

 Fiscal Year
(in thousands)20222021
Fair value of plan assets at beginning of year$— $— 
Employer contributions3,100 2,383 
Plan participants’ contributions657 930 
Benefits paid(3,757)(3,313)
Fair value of plan assets at end of year$— $— 
Funded Status in Postretirement Benefit Plan
Funded Status

(in thousands)December 31, 2022December 31, 2021
Current liabilities$(3,177)$(2,990)
Noncurrent liabilities(52,122)(62,166)
Total liability - postretirement benefits$(55,299)$(65,156)
Significant Assumptions
Significant Assumptions

 Fiscal Year
 202220212020
Benefit obligation at the measurement date:
Weighted average healthcare cost trend rate - Pre-Medicare6.58 %6.04 %6.26 %
Weighted average healthcare cost trend rate - Post-Medicare6.89 %6.29 %6.54 %
Benefit obligation discount rate5.19 %2.98 %2.70 %
Net periodic postretirement benefit cost discount rate for fiscal year2.98 %2.70 %3.32 %
Postretirement benefit expense - Pre-Medicare:
Weighted average healthcare cost trend rate6.04 %6.26 %6.53 %
Trend rate graded down to ultimate rate4.50 %4.50 %4.50 %
Ultimate rate year202920292028
Postretirement benefit expense - Post-Medicare:
Weighted average healthcare cost trend rate6.29 %6.54 %6.73 %
Trend rate graded down to ultimate rate4.50 %4.50 %4.50 %
Ultimate rate year202920292028
Reconciliation of Amounts in Accumulated Other Comprehensive Loss That Have Not Yet Been Recognized as Components of Net Periodic Benefit Cost
A reconciliation of the gross amounts in accumulated other comprehensive loss not yet recognized as components of net periodic benefit cost is as follows:

(in thousands)December 31,
2021		Actuarial Gain (Loss)Reclassification
Adjustments		December 31,
2022
Pension Plans:
Actuarial loss$(127,813)$6,263 $3,990 $(117,560)
Prior service costs(4)(154)— (158)
Postretirement Medical:
Actuarial gain (loss)(9,812)10,138 444 770 
Total within accumulated other comprehensive loss$(137,629)$16,247 $4,434 $(116,948)
Multiemployer Plans
The Company’s participation in the Teamsters Plan is outlined in the table below. A red zone represents less than 80% funding and requires a financial improvement plan (“FIP”) or rehabilitation plan (“RP”).

 Fiscal Year
(in thousands)202220212020
Pension Protection Act Zone StatusRedRedRed
FIP or RP pending or implementedYesYesYes
Surcharge imposedYesYesYes
Contribution$959 $933 $924