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RETIREMENT PLANS AND RELATED POST RETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Summary of Reconciliation of Beginning and Ending Balances of Projected Benefit Obligation
The reconciliation of the beginning and ending balances of the projected benefit obligation of the plans for the years ended December 31 is as follows:
(In thousands)20222021
Funded Status
Projected Benefit Obligation
Beginning of the Year — January 1$30,503 $31,730 
Service Cost138 195 
Interest Cost834 764 
Actuarial Gain(4,917)(1,838)
Benefits Paid(348)(348)
End of the Year — December 31$26,210 $30,503 
Summary of Assumptions Used to Calculate the Post Retirement Benefit Obligation The assumptions used to calculate the projected benefit obligation as of December 31 are as follows:
20222021
Discount Rate5.00%2.75%
Future Average Compensation Increases
2.00% - 3.00%
2.00% - 3.00%
Summary of the Components of Net Periodic Cost The following table summarizes the components of the net periodic cost for the years ended December 31:
(In thousands)202220212020
Net Periodic Cost
Service Cost — Benefits Earned During Period$138 $195 $223 
Interest Cost834 764 836 
Amortization of Prior Service Cost386 386 386 
Amortization of Losses949 1292 648 
Net Periodic Cost$2,307 $2,637 $2,093 
Summary of Assumptions Used to Determine the Net Periodic Cost The assumptions used to determine the net periodic cost are as follows:
202220212020
Discount Rate2.75%2.42%3.17%
Future Average Compensation Increases
2.00% - 3.00%
2.00% - 3.00%
2.00%