Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Benefit Obligations, Plan Assets and Funded Status of Plans

The following provides information regarding benefit obligations, plan assets and the funded status of the plan:

	Pension Benefits
(in millions)	2021		2020
Change in benefit obligation:
Benefit obligation, beginning of year	$	18.4	$	17.1
Interest cost	0.4		0.5
Actuarial (gain) loss	(0.3)		1.6
Benefits paid	(0.8)		(0.8)
Pension settlement	(17.7)		—
Benefit obligation, end of year	—		18.4
Accumulated benefit obligation	—		18.4
Change in plan assets:
Fair value of plan assets, beginning of year	19.4		18.0
Actual gain on plan assets	0.6		2.2
Excess plan assets returned	(1.5)		—
Benefits paid	(0.8)		(0.8)
Pension settlement	(17.7)		—
Fair value of plan assets, end of year	—		19.4
Funded status, end of year	$	—	$	1.0
Amounts recognized in the consolidated balance sheets:
Long-term asset	$	—	$	1.0
Net amount recognized	$	—	$	1.0
Amounts recognized in accumulated other comprehensive loss consist of:
Net loss	$	—	$	4.9
Net amount recognized	$	—	$	4.9
Weighted average assumptions used to determine the benefit obligation:
Discount rate	N/A		2.30		%
Rate of compensation increase	N/A		N/A

The primary driver of the actuarial loss in the Company's Pension Plan in 2020 within the change in benefit obligation is a result of a decrease in the discount rate assumption.

Amounts Recognized in Balance Sheet

The following provides information regarding benefit obligations, plan assets and the funded status of the plan:

	Pension Benefits
(in millions)	2021		2020
Change in benefit obligation:
Benefit obligation, beginning of year	$	18.4	$	17.1
Interest cost	0.4		0.5
Actuarial (gain) loss	(0.3)		1.6
Benefits paid	(0.8)		(0.8)
Pension settlement	(17.7)		—
Benefit obligation, end of year	—		18.4
Accumulated benefit obligation	—		18.4
Change in plan assets:
Fair value of plan assets, beginning of year	19.4		18.0
Actual gain on plan assets	0.6		2.2
Excess plan assets returned	(1.5)		—
Benefits paid	(0.8)		(0.8)
Pension settlement	(17.7)		—
Fair value of plan assets, end of year	—		19.4
Funded status, end of year	$	—	$	1.0
Amounts recognized in the consolidated balance sheets:
Long-term asset	$	—	$	1.0
Net amount recognized	$	—	$	1.0
Amounts recognized in accumulated other comprehensive loss consist of:
Net loss	$	—	$	4.9
Net amount recognized	$	—	$	4.9
Weighted average assumptions used to determine the benefit obligation:
Discount rate	N/A		2.30		%
Rate of compensation increase	N/A		N/A

The primary driver of the actuarial loss in the Company's Pension Plan in 2020 within the change in benefit obligation is a result of a decrease in the discount rate assumption.

Amounts Recognized in Other Comprehensive Income (Loss)

The following provides information regarding benefit obligations, plan assets and the funded status of the plan:

	Pension Benefits
(in millions)	2021		2020
Change in benefit obligation:
Benefit obligation, beginning of year	$	18.4	$	17.1
Interest cost	0.4		0.5
Actuarial (gain) loss	(0.3)		1.6
Benefits paid	(0.8)		(0.8)
Pension settlement	(17.7)		—
Benefit obligation, end of year	—		18.4
Accumulated benefit obligation	—		18.4
Change in plan assets:
Fair value of plan assets, beginning of year	19.4		18.0
Actual gain on plan assets	0.6		2.2
Excess plan assets returned	(1.5)		—
Benefits paid	(0.8)		(0.8)
Pension settlement	(17.7)		—
Fair value of plan assets, end of year	—		19.4
Funded status, end of year	$	—	$	1.0
Amounts recognized in the consolidated balance sheets:
Long-term asset	$	—	$	1.0
Net amount recognized	$	—	$	1.0
Amounts recognized in accumulated other comprehensive loss consist of:
Net loss	$	—	$	4.9
Net amount recognized	$	—	$	4.9
Weighted average assumptions used to determine the benefit obligation:
Discount rate	N/A		2.30		%
Rate of compensation increase	N/A		N/A

The primary driver of the actuarial loss in the Company's Pension Plan in 2020 within the change in benefit obligation is a result of a decrease in the discount rate assumption.

Weighted Average Assumptions Used

The following provides information regarding benefit obligations, plan assets and the funded status of the plan:

	Pension Benefits
(in millions)	2021		2020
Change in benefit obligation:
Benefit obligation, beginning of year	$	18.4	$	17.1
Interest cost	0.4		0.5
Actuarial (gain) loss	(0.3)		1.6
Benefits paid	(0.8)		(0.8)
Pension settlement	(17.7)		—
Benefit obligation, end of year	—		18.4
Accumulated benefit obligation	—		18.4
Change in plan assets:
Fair value of plan assets, beginning of year	19.4		18.0
Actual gain on plan assets	0.6		2.2
Excess plan assets returned	(1.5)		—
Benefits paid	(0.8)		(0.8)
Pension settlement	(17.7)		—
Fair value of plan assets, end of year	—		19.4
Funded status, end of year	$	—	$	1.0
Amounts recognized in the consolidated balance sheets:
Long-term asset	$	—	$	1.0
Net amount recognized	$	—	$	1.0
Amounts recognized in accumulated other comprehensive loss consist of:
Net loss	$	—	$	4.9
Net amount recognized	$	—	$	4.9
Weighted average assumptions used to determine the benefit obligation:
Discount rate	N/A		2.30		%
Rate of compensation increase	N/A		N/A

The primary driver of the actuarial loss in the Company's Pension Plan in 2020 within the change in benefit obligation is a result of a decrease in the discount rate assumption.

Allocation of Pension Plan Assets and Target Allocation Range of Assets

The allocation of assets within the mutual fund as of December 31, 2020 and the target asset allocation ranges by asset category were as follows:

Asset Category	Actual Allocation		Target Allocation Ranges
Equity Securities	48.4	%	40% - 65%
Debt Securities	41.0	%	30% - 50%
Cash and Cash Equivalents	10.6	%	0% - 15%
Total	100.0	%

Net Periodic Benefit Cost

Net periodic benefit cost for 2021, 2020 and 2019 included the following components:

	Pension Benefits
(in millions)	2021		2020			2019
Components of net periodic benefit cost (income):
Interest cost	$	0.4	$	0.5		$	0.6
Expected return on plan assets	(1.0)		(1.0)			(0.8)
Amortization of actuarial loss	0.4		0.4			0.5
Pension settlement	4.5		—			—
Net periodic benefit cost (income)	$	4.3	$	(0.1)		$	0.3
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net actuarial loss (gain) for the year	$	—	$	0.4		$	(0.3)
Amortization of net loss	(0.4)		(0.4)			(0.5)
Pension settlement	(4.5)		—			—
Total recognized in other comprehensive income (loss)	(4.9)		—			(0.8)
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$	(0.6)	$	(0.1)		$	(0.5)
Weighted average assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate	N/A		3.10		%	4.10		%
Expected return on plan assets	N/A		6.00		%	6.00		%
Rate of compensation increase	N/A		N/A			N/A

Assets of SERP

Assets of the Deferred Compensation Programs consist of the following:

	December 31, 2021				December 31, 2020
(in millions)	Cost		Market		Cost		Market
Money market fund	$	0.1	$	0.1	$	—	$	—
Company stock	1.2		2.2		1.5		2.3
Equity securities	4.5		4.9		4.5		5.0
Total	$	5.8	$	7.2	$	6.0	$	7.3