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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Obligation and Funded Status of Pension and Postretirement Plans
Following are the details of the obligation and funded status of the postretirement health care benefit plan:
(in thousands)
Change in benefit obligation20232022
Benefit obligation at beginning of year$17,433 $23,942 
Service cost151 248 
Interest cost830 586 
Actuarial (gains) losses(66)(6,180)
Participant contributions257 314 
Benefits paid(1,339)(1,477)
Benefit obligation at end of year$17,266 $17,433 
(in thousands)
Change in plan assets20232022
Fair value of plan assets at beginning of year$— $— 
Company contributions1,082 1,163 
Participant contributions257 314 
Benefits paid(1,339)(1,477)
Fair value of plan assets at end of year$— $— 
Under funded status of plans at end of year$(17,266)$(17,433)
Schedule of Amounts Recognized in the Consolidated Balance Sheets
Amounts recognized in the Consolidated Balance Sheets at December 31, 2023 and 2022 consist of:
(in thousands)20232022
Accrued expenses and other current liabilities$1,242 $1,276 
Other long-term liabilities16,024 16,157 
Net amount recognized$17,266 $17,433 
Schedule of Pre-tax Amounts Recognized in Accumulated Other Comprehensive Loss
Following are the details of the amounts recognized in Accumulated other comprehensive income before taxes at December 31, 2023:
(in thousands)Unamortized Actuarial Net GainsUnamortized Prior Service Costs
Balance at beginning of year$(11,678)$5,009 
Amounts arising during the period(66)— 
Amounts recognized as a component of net periodic benefit cost— 1,234 
Balance at end of year$(11,744)$6,243 
Schedule of Benefits Expected to be Paid for Company's Defined Benefit Plans
The benefits expected to be paid for the postretirement health care benefit plan over the next ten years are as follows:
(in thousands)Postretirement Benefits
2024$1,242 
20251,271 
20261,281 
20271,278 
20281,276 
2029-20336,213 
Schedule of Components of Net Periodic Benefit Costs
The components of the net periodic benefit cost for each year are as follows:
December 31,
(in thousands)202320222021
Service cost$151 $248 $302 
Interest cost830 586 546 
Expected return on plan assets(911)(911)(911)
Recognized net actuarial (gain) loss(323)— 169 
Net periodic benefit (gain) cost$(253)$(77)$106 
Schedule of Weighted Average Assumptions of Pension and Postretirement Benefits
The weighted-average assumptions of the postretirement health care benefit plan for each year are as follows:
202320222021
Used to Determine Benefit Obligations at Measurement Date
Discount rate4.7 %4.9 %2.6 %
Used to Determine Net Periodic Benefit Cost for Years ended December 31
Discount rate4.9 %2.6 %2.2 %
Expected long-term return on plan assets— — — 
Rate of compensation increases— — — 
Schedule of Assumed Health Care Cost Trend Rate at Beginning of Year
Assumed Health Care Cost Trend Rates at Beginning of Year
20232022
Health care cost trend rate assumed for next year3.0 %3.0 %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) (a)
N/AN/A
Year that the rate reaches the ultimate trend rate (a)
N/AN/A
(a)In 2017, the Company's remaining uncapped participants were converted to a Medicare Exchange Health Reimbursement Arrangement, which put a 2% cap on the Company's share of the related costs.