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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Components of Net Periodic Postretirement Benefit Cost

The following table sets forth the components of net periodic postretirement benefit cost for the years ended December 31, 2025, 2024 and 2023:

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Service cost, benefits attributed for service of active employees for the period

 

$

46

 

 

$

60

 

 

$

72

 

Interest cost on the accumulated postretirement benefit obligation

 

 

169

 

 

 

184

 

 

 

206

 

Amortization of actuarial gain

 

 

(281

)

 

 

(179

)

 

 

(193

)

Net periodic postretirement benefit (income) cost

 

$

(66

)

 

$

65

 

 

$

85

 

 

Reconciliation of Projected Benefit Obligation The following table provides a reconciliation of the projected benefit obligation at the Company's December 31 measurement date:

 

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Benefit obligation at beginning of year

 

$

3,322

 

 

$

3,922

 

Service cost

 

 

46

 

 

 

60

 

Interest cost

 

 

169

 

 

 

184

 

Actuarial gain

 

 

(980

)

 

 

(557

)

Plan participants' contributions

 

 

510

 

 

 

295

 

Benefits paid

 

 

(653

)

 

 

(582

)

Benefit obligation, end of year

 

$

2,414

 

 

$

3,322

 

Schedule of Amounts Recognized in Consolidated Balance Sheets

The amounts recognized in the Consolidated Balance Sheets at December 31 are:

 

 

 

2025

 

 

2024

 

 

 

(In thousands)

 

Accrued compensation and employee benefits

 

$

236

 

 

$

290

 

Accrued non-pension postretirement benefits

 

 

2,178

 

 

 

3,032

 

Amounts recognized at December 31

 

$

2,414

 

 

$

3,322

 

 

 

Schedule of Amounts Included in Accumulated Other Comprehensive Income, Net of Tax Expected to Recognized in Net Periodic Benefit Cost

Amounts included in accumulated other comprehensive income, net of tax, at December 31, 2025 that have not yet been recognized in net periodic benefit cost are as follows:

 

 

 

Pension
plans

 

 

Other
postretirement
benefits

 

 

 

(In thousands)

 

Net actuarial loss (gain)

 

$

159

 

 

$

(1,779

)