XML 53 R41.htm IDEA: XBRL DOCUMENT v3.23.1
Pension Plan (Tables)
12 Months Ended
Dec. 31, 2022
Pension Plan (Tables) [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]

 

2022

2021

Equity and index funds

69.0%

68.8%

Fixed income funds

31.0

31.2

 

100.0%

100.0%

 

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

In thousands

2022

 

2020

Level 1:
   Equity and index funds

$

5,299

 

$

7,267

  Fixed income funds

2,383

3,294

    Total Level 1

 

7,682

 

 

10,561

Level 2

-

-

Level 3

 

-

 

 

-

Total pension plan assets

$

7,682

 

$

10,561

 

Schedule of Net Funded Status [Table Text Block]

In thousands

2022

 

2021

Change in benefit obligation:
Projected benefit obligation at
  beginning of year

$

14,055

 

$

15,145

Interest cost

 

372

   

351

Actuarial (gain) loss

 

(3,163)

 

 

(311)

Settlements

 

-

   

(519)

Benefits paid

 

(719)

 

 

(611)

Projected benefit obligation at
  end of year

 

10,545

 

 

14,055

Change in plan assets:
Fair value of plan assets at
  beginning of year

 

10,561

 

 

10,475

Actual return on plan assets

 

(2,298)

   

911

Company contributions

 

138

 

 

305

Settlements

 

-

   

(519)

Benefits paid

 

(719)

 

 

(611)

Fair value of plan assets at end of
  year

 

7,682

 

 

10,561

 

 

 

 

 

 

Funded status (underfunded)

$

(2,863)

 

$

(3,494)

 

 

 

 

 

 

Amounts recognized in other
  accumulated comprehensive loss:

         

Net actuarial loss

$

7,649

 

$

8,001

Weighted average assumptions as of
   December 31:

         

Discount rate:

 

 

 

 

 

   Components of cost

 

2.75%

   

2.41%

   Benefit obligations

 

5.40%

 

 

2.75%

Expected return on plan assets

 

8.00%

   

8.00%

Rate of compensation increase

 

N/A

 

 

N/A

 

Schedule of Expected Benefit Payments [Table Text Block]

In thousands

2023

 

2024

 

2025

 

2026

 

2027

 

$

850

 

$

906

 

$

856

 

$

933

 

$

907

                             

 

Schedule of Net Benefit Costs [Table Text Block]

In thousands

2022

 

2021

Interest cost

$

372

 

$

351

Expected return on plan assets

 

(804)

   

(794)

Recognized loss due to settlements

 

-

 

 

297

Amortization of net actuarial loss

 

290

   

327

Net periodic pension (benefit) cost

$

(142)

 

$

181

 

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

In thousands

2022

 

2021

Balance at beginning of year

$

8,001

 

$

9,051

Net actuarial loss

(62)

(428)

Recognized loss

 

(290)

 

 

(622)

Balance at end of year

$

7,649

 

$

8,001