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Note 11 - Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Net Funded Status [Table Text Block]
  

December 31,

 
  

2024

  

2023

 

Change in projected benefit obligation:

        

Projected benefit obligation at beginning of year

 $104  $102 

Interest cost

  4   5 

Actuarial (gain) loss

  (7)  2 

Benefits paid

  (5)  (5)

Projected benefit obligation at end of year

 $96  $104 
         

Change in plan assets:

        

Fair value of pension plan assets at beginning of year

 $117  $104 

Actual return on plan assets

  -   14 

Company contributions

  -   4 

Benefits paid

  (5)  (5)

Fair value of pension plan assets at end of year

  112   117 

Funded status of pension plan

 $16  $13 
         

Amounts recognized on our balance sheets consist of:

        

Accrued benefit cost

 $28  $26 

Accumulated other comprehensive loss

  (12)  (13)

Net asset recognized

 $16  $13 
Defined Benefit Plan, Assumptions [Table Text Block]
  

Year Ended December 31,

 
  

2024

  

2023

 

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

        

Discount rate

  4.79%  4.99%

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,

 
  

2024

  

2023

 

Weighted-average assumptions used to determine benefit obligations:

        

Discount rate

  5.48%  4.79%
Schedule of Net Benefit Costs [Table Text Block]
  

Year Ended December 31,

 
  

2024

  

2023

  

2022

 

Components of net periodic pension cost:

            

Interest cost

 $4  $5  $4 

Expected return on plan assets

  (7)  (7)  (8)

Recognized net actuarial loss

  -   -   1 

Net periodic pension benefit

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

Years

  

Amount

 

2025

  $5 

2026

  $6 

2027

  $6 

2028

  $6 

2029

  $6 
2030-2034  $33 
Schedule of Allocation of Plan Assets by Asset Category [Table Text Block]
  

As of December 31,

 
  

2024

  

2023

 

Asset category:

        

Insurance general account

  13%  13%

Cash management accounts

  3%  4%

Equity accounts

  0%  50%

Fixed income accounts

  84%  30%

Real estate accounts

  0%  3%

Total

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

Target Range

 
  

Strategic Allocation

  

Lower Limit

  

Upper Limit

 
Asset class:            

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, 2024

 
  

Level 1

  

Level 2

  

Level 3

  

Total

 

Assets:

                

Insurance general account

 $-  $14  $-  $14 

Cash management accounts

  4   -   -   4 

Equity accounts

  -   -   -   - 

Fixed income accounts

  94   -   -   94 

Real estate accounts

  -   -   -   - 

Total

 $98  $14  $-  $112 
  

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 account

  35   -   -   35 

Real estate accounts

  3   -   -   3 

Total

 $102  $15  $-  $117