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Note 11 - Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Net Funded Status [Table Text Block]
  

December 31,

 
  

2023

  

2022

 

Change in projected benefit obligation:

        

Projected benefit obligation at beginning of year

 $102  $140 

Interest cost

  5   4 

Actuarial loss (gain)

  2   (38)

Benefits paid

  (5)  (4)

Projected benefit obligation at end of year

 $104  $102 
         

Change in plan assets:

        

Fair value of pension plan assets at beginning of year

 $104  $119 

Actual return (loss) on plan assets

  14   (14)

Company contributions

  4   4 

Benefits paid

  (5)  (5)

Fair value of pension plan assets at end of year

  117   104 

Funded status of pension plan

 $13  $2 
         

Amounts recognized on our balance sheets consist of:

        

Accrued benefit cost

 $26  $21 

Accumulated other comprehensive loss

  (13)  (19)

Net asset (liability) recognized

 $13  $2 
Defined Benefit Plan, Assumptions [Table Text Block]
  

Year Ended December 31,

 
  

2023

  

2022

 

Weighted-average assumptions used to determine net periodic benefit cost for the Gray Pension Plan:

        

Discount rate

  4.99%  2.73%

Expected long-term rate of return on pension plan assets

  6.25%  6.25%

Estimated rate of increase in compensation levels

  N/A   N/A 
  

As of December 31,

 
  

2023

  

2022

 

Weighted-average assumptions used to determine benefit obligations:

        

Discount rate

  4.79%  4.99%
Schedule of Net Benefit Costs [Table Text Block]
  

Year Ended December 31,

 
  

2023

  

2022

  

2021

 

Components of net periodic pension cost:

            

Interest cost

 $5  $4  $4 

Expected return on plan assets

  (7)  (8)  (7)

Recognized net actuarial loss

  -   1   1 

Net periodic pension benefit

 $(2) $(3) $(2)
Schedule of Expected Benefit Payments [Table Text Block]
 

Years

  

Amount

 
 

 

2024   $5 
 

 

2025   $5 
 

 

2026   $6 
 

 

2027   $6 
 

 

2028   $6 
 2029-2033  $32 
Schedule of Allocation of Plan Assets by Asset Category [Table Text Block]
  

As of December 31,

 
  

2023

  

2022

 

Asset category:

        

Insurance general account

  13%  14%

Cash management accounts

  4%  4%

Equity accounts

  50%  51%

Fixed income accounts

  30%  28%

Real estate accounts

  3%  3%

Total

  100%  100%
Schedule of Allocation of Plan Assets [Table Text Block]
  

Target Range

 

Asset class:

 

Strategic Allocation

  

Lower Limit

  

Upper Limit

 

Equities:

            

Large Cap Blend

  27.0%  0.0%  50.0%

Mid Cap Blend

  10.0%  0.0%  40.0%

Small Cap Blend

  6.0%  0.0%  25.0%

Foreign Large Blend

  11.0%  0.0%  40.0%

Emerging Markets

  3.0%  0.0%  25.0%

Real Estate

  3.0%  0.0%  20.0%

Fixed Income:

            

U.S. Treasury Inflation Protected

  3.5%  0.0%  25.0%

Intermediate Core Plus Bond

  25.0%  0.0%  50.0%

Short-Term Bond

  3.0%  0.0%  25.0%

Bank Loan

  0.0%  0.0%  25.0%

High Yield Bond

  4.0%  0.0%  25.0%

Emerging Markets Bond

  3.0%  0.0%  20.0%

Money Market Taxable

  1.5%  0.0%  100.0%
Defined Benefit Plan, Fair Value of Plan Assets [Table Text Block]
  

As of December 31, 2023

 
  

Level 1

  

Level 2

  

Level 3

  

Total

 

Assets:

                

Insurance general account

 $-  $15  $-  $15 

Cash management accounts

  5   -   -   5 

Equity accounts

  59   -   -   59 

Fixed income accounts

  35   -   -   35 

Real estate accounts

  3   -   -   3 

Total

 $102  $15  $-  $117 
  

As of December 31, 2022

 
  

Level 1

  

Level 2

  

Level 3

  

Total

 

Assets:

                

Insurance general account

 $-  $15  $-  $15 

Cash management accounts

  4   -   -   4 

Equity accounts

  53   -   -   53 

Fixed income account

  29   -   -   29 

Real estate accounts

  3   -   -   3 

Total

 $89  $15  $-  $104