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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2020
Employee Benefits  
Schedule of Change in Benefit Obligation

Change in Benefit Obligation

    

(in thousands)

Benefit obligation as of December 31, 2017

$

20,793

Service cost

367

Interest cost

600

Payments

(1,913)

Actuarial gain

(920)

Benefit obligation as of December 31, 2018

18,927

Service cost

 

335

Interest cost

 

658

Payments

 

(1,913)

Actuarial loss

 

1,207

Benefit obligation as of December 31, 2019

19,214

Service cost

 

392

Interest cost

 

485

Payments

 

(1,913)

Actuarial loss

 

1,568

Benefit obligation as of December 31, 2020

$

19,746

Schedule of funded status of the DB SERP's net benefit obligation

December 31, 

(in thousands)

    

2020

    

2019

Unfunded status

$

15,125

$

15,950

Unamortized net loss

 

4,621

 

3,264

Net amount recognized

$

19,746

$

19,214

Schedule of Amounts Recognized in the Consolidated Balance Sheets

December 31, 

(in thousands)

    

2020

    

2019

Current accrued expenses and other current liabilities

$

1,913

$

1,913

Non-current other liabilities

 

17,833

 

17,301

Total accrued liabilities

$

19,746

$

19,214

Schedule of weighted average assumptions were used to determine the benefit obligation

    

2020

    

2019

    

2018

 

Discount rate

 

2.0

%  

2.9

%  

4.0

%

Average rate of increase in compensation

 

3.0

%  

2.5

%  

3.0

%

Schedule of future payments under the Plan

(in thousands)

    

2021

$

1,913

2022

 

1,913

2023

 

1,913

2024

 

1,913

2025

 

1,913

Thereafter

 

10,181

$

19,746