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Other Assets
12 Months Ended
Dec. 31, 2022
Table Text Block Supplement [Abstract]  
Other Assets

9. OTHER ASSETS

Other assets consist of the following (in thousands):

 

 

December 31,

 

 

 

2022

 

 

2021

 

Cash surrender value of life insurance policies

 

$

23,787

 

 

$

32,511

 

Investments in unconsolidated affiliates

 

 

4,450

 

 

 

4,156

 

Other

 

 

5,510

 

 

 

4,746

 

Total other assets

 

$

33,747

 

 

$

41,413

 

Cash surrender value of life insurance policies relates to postretirement benefit plans. See Note 12 - Pension and Other Postretirement Benefit Plans. Investments include unconsolidated affiliates accounted for under the equity method where the operations of these entities are in-line with those of our core business. These entities are not considered special purpose entities, nor do we have special off-balance sheet arrangements through these entities.