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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Schedule of Changes in Projected Benefit Obligations
The following tables set forth the change in the projected benefit obligation and plan assets and reconcile the funded status and the amounts recognized in the Consolidated Balance Sheets for the pension and postretirement benefit plans for the two years ended December 31:
 PensionPostretirement
 2024202320242023
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year$63,142 $70,062 $1,491 $1,421 
Service cost— — 
Interest cost535 3,374 70 70 
Actuarial (gain) loss(5,046)4,356 (145)10 
Benefits paid(742)(3,924)(15)(14)
Expenses paid(10)(653)— — 
Settlement(57,879)(10,073)— — 
Projected benefit obligation at end of year— $63,142 $1,404 $1,491 
Funded Status at End of Year
Net accrued benefit cost— ($8,392)($1,404)($1,491)
Schedule of Changes in Fair Value of Plan Assets
Change in Plan Assets
Fair value of plan assets at beginning of year$54,750 $62,843 — — 
Actual return on plan assets603 6,356 — — 
Employer contributions3,441 201 15 14 
Benefits paid(742)(3,924)(15)(14)
Other expense(173)(653)— — 
Settlement(57,879)(10,073)— — 
Fair value of plan assets at end of year— $54,750 — — 
Schedule of Amounts Recognized in Balance Sheet
Amounts Recognized in the Consolidated Balance Sheets
Consist of:
Current liabilities— ($8,392)($57)($52)
Noncurrent liabilities— — (1,347)(1,439)
Net amount recognized— ($8,392)($1,404)($1,491)
Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Fair Value
For pension and postretirement plans with accumulated benefit obligations in excess of plan assets, the following table sets forth the projected and accumulated benefit obligations and the fair value of plan assets for the two years ended December 31:
 20242023
Projected benefit obligation— $63,142 
Accumulated benefit obligation— 63,142 
Accumulated postretirement benefit obligation1,404 1,491 
Fair value of plan assets— 54,750 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Net gains or losses recognized in other comprehensive income (loss) for the three years ended December 31 are as follows:
 PensionPostretirement
 202420232022202420232022
Net gains (losses) $5,106 ($1,438)$362 $145 ($11)$512 
Net gains or losses reclassified from other comprehensive income (loss) and recognized as a component of pension and postretirement expense for the three years ended December 31 are as follows:
 PensionPostretirement
 202420232022202420232022
Amortization of losses$1 $6 $738 — — $15 
Net settlement loss5,816 2,036 — — — — 
Schedule of Net Periodic Benefit Cost Not yet Recognized
Net losses that have not yet been included in pension and postretirement expense for the two years ended December 31, but have been recognized as a component of AOCI are as follows:
 PensionPostretirement
 2024202320242023
Net (losses) income— ($10,923)$230 $85 
Deferred income tax benefit — 1,216 — 
AOCI— ($9,707)$230 $91 
Schedule of Net Benefit Costs
The following tables set forth the components of net pension and postretirement benefit cost (credit) that have been recognized during the three years ended December 31:
 PensionPostretirement
 202420232022202420232022
Components of Net Periodic Benefit Cost (Credit)
Service cost— — — $3 $4 $7 
Interest cost535 3,374 2,434 70 70 51 
Expected return on plan assets(542)(3,439)(3,486)— — — 
Amortization of losses738 — — 15 
Settlement expense
5,816 2,036 — — — — 
Net periodic benefit cost (credit)$5,810 $1,977 ($314)$73 $74 $73 
Schedule of Assumptions Used
The following table sets forth the principal assumptions inherent in the determination of benefit obligations and net periodic benefit cost of the pension and postretirement benefit plans as of December 31:
 PensionPostretirement
 202420232022202420232022
Assumptions used to determine benefit obligations at December 31:
Discount rateN/A4.99%4.96%5.49%4.81%5.01%
Assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate 5.00%4.96%2.65%4.81%5.01%2.75%
Expected long-term return on plan assets4.97%4.97%4.97%— — — 
Schedule of Allocation of Plan Assets
Our pension plans’ asset allocation (excluding short-term investments) at December 31, 2024 and 2023 are as follows:
 Percentage of 
Plan Assets
Asset Category20242023
Domestic equity securities— 15%
International equity securities— 9%
Domestic fixed income securities— 75%
Real estate fund— 1%
Total (a)— 100%
(a)As of December 31, 2024 all plan assets were distributed as part of the previously discussed plan settlements.
The following table sets forth the net asset value of the plan assets as of December 31, 2024 or 2023:
Asset CategoryDecember 31, 2024December 31, 2023
Investments at Net Asset Value:
     Separate Investment Accounts (a)— $54,750 
Total Investments at Net Asset Value— $54,750 
(a)As of December 31, 2024 all plan assets were distributed as part of the previously discussed plan settlements.
Schedule of Expected Benefit Payments
Our expected benefit payments to be made for the next 10 years are as follows:
 Pension
Benefits
Postretirement
Benefits
2025— $57 
2026— 62 
2027— 67 
2028— 71 
2029— 76 
2030-2034— 440