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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The following table provides a reconciliation of benefit obligations, plan assets and the funded status of the pension plans and other postretirement benefits:
Pension BenefitsOther
Postretirement Benefits
 2022202120222021
Change in benefit obligation:    
Benefit obligation at January 1$(121,166)$(125,842)$(8,480)$(9,101)
Service cost(414)(415)— — 
Interest cost(2,628)(2,284)(233)(224)
Plan amendment— — — (48)
Benefits paid5,993 6,452 975 471 
Expenses paid264 291 — — 
Actuarial gain14,375 632 1,455 422 
Benefit obligation at December 31$(103,576)$(121,166)$(6,283)$(8,480)
Change in plan assets:    
Fair value of plan assets at January 1$104,545 $102,812 $— $— 
Actual return on plan assets(14,331)8,373 — — 
Expenses paid(264)(291)— — 
Contributions101 103 975 471 
Benefits paid(5,993)(6,452)(975)(471)
Fair value of plan assets at December 31$84,058 $104,545 $— $— 
Unfunded status at December 31$(19,518)$(16,621)$(6,283)$(8,480)
Amounts recognized in the consolidated balance sheets:    
Prepaid pension costs$38,100 $44,585 $— $— 
Other accrued liabilities(89)(95)(596)(621)
Non-current employee benefit liabilities(57,529)(61,111)(5,687)(7,859)
Net amounts recognized$(19,518)$(16,621)$(6,283)$(8,480)
Schedule of Net Benefit Costs
Pension BenefitsOther Postretirement Benefits
 202220212020202220212020
Service cost — benefits earned during the period$414 $415 $592 $— $— $— 
Interest cost on projected benefit obligation2,628 2,284 3,545 233 224 286 
Expected return on assets(3,530)(3,458)(3,869)— — — 
Prior service cost— — — 
Settlement loss— — 1,805 — — — 
Amortization of net loss (gain)1,636 1,835 1,836 (31)86 11 
Net expense$1,148 $1,076 $3,909 $210 $314 $301 
Schedule of Amounts Recognized in Other Comprehensive Loss
As of December 31, 2022, accumulated other comprehensive loss, before income taxes, consisted of the following:
Defined
Benefit
Pension Plans
Post-
Retirement
Plans
Total
Accumulated other comprehensive loss as of January 1, 2022$(20,817)$(644)$(21,461)
Amortization of prior service costs— 
Amortization of loss (gain)1,636 (31)1,605 
Net (loss) gain arising during the year(3,486)1,455 (2,031)
Accumulated other comprehensive (loss) income as of December 31, 2022$(22,667)$788 $(21,879)
As of December 31, 2021, accumulated other comprehensive loss, before income taxes, consisted of the following:
Defined
Benefit
Pension Plans
Post-
Retirement
Plans
Total
Accumulated other comprehensive loss as of January 1, 2021$(28,199)$(1,106)$(29,305)
Amortization of prior service costs— 
Effect of settlement— (48)(48)
Amortization of loss1,835 86 1,921 
Net gain arising during the year5,547 420 5,967 
Accumulated other comprehensive loss as of December 31, 2021$(20,817)$(644)$(21,461)
Schedule of Accumulated Benefit Obligations
As of December 31, 2022, our total accumulated benefit obligations, as well as our projected benefit obligations more than the fair value of the related plan assets, for defined benefit pension plans were as follows:
December 31,
20222021
Accumulated benefit obligation$57,618 $61,206 
Fair value of plan assets$— $— 
December 31,
20222021
Projected benefit obligation$57,618 $61,206 
Fair value of plan assets$— $— 
Schedule of Assumptions Used
The assumptions used for the pension benefits and other postretirement benefits were:
 Pension BenefitsOther Postretirement Benefits
 202220212020202220212020
Weighted average assumptions:      
Discount rates — benefit obligation
4.90% - 5.30%
1.80% - 2.70%
1.40% - 2.30%
5.40%2.85%2.55%
Discount rates — service cost
1.80% - 2.70%
1.40% - 2.30%
2.55% - 3.10%
2.85%2.55%3.30%
Assumed rates of return on invested assets3.50%3.50%4.00 %N/AN/AN/A
Salary increase assumptionsN/AN/AN/A3.00%3.00%3.00%
Schedule of Allocation of Plan Assets
Vector’s defined benefit retirement plan allocations by asset category, were as follows:
Plan Assets at
December 31,
 20222021
Asset category:  
Equity securities34 %38 %
Investment grade fixed income securities66 %62 %
High yield fixed income securities— %— %
Total100 %100 %
The defined benefit plans’ recurring financial assets subject to fair value measurements and the necessary disclosures were as follows:
 Fair Value Measurements as of December 31, 2022
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable Inputs
Significant
Unobservable Inputs
DescriptionTotal(Level 1)(Level 2)(Level 3)
Assets:    
Insurance contracts$1,679 $— $1,679 $— 
Amounts in individually managed investment accounts: 
Cash, mutual funds and common stock85 85 — — 
Common collective trusts at NAV (1)
82,294 — — — 
Total$84,058 $85 $1,679 $— 
(1) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy.
 Fair Value Measurements as of December 31, 2021
Quoted Prices in
Active Markets for
Identical Assets
Significant Other
Observable Inputs
Significant
Unobservable Inputs
DescriptionTotal(Level 1)(Level 2)(Level 3)
Assets:    
Insurance contracts$1,868 $— $1,868 $— 
Amounts in individually managed investment accounts:    
Cash, mutual funds and common stock91 91 — — 
Common collective trusts at NAV (1)
102,586 — — — 
Total$104,545 $91 $1,868 $— 
(1) In accordance with Subtopic 820-10, investments that are measured at fair value using the NAV practical expedient are not classified in the fair value hierarchy.
Schedule of Expected Benefit Payments
Estimated future pension and postretirement medical benefits payments were as follows:
PensionPostretirement
Medical
2023$5,902 $596 
20245,576 598 
20255,223 585 
20264,891 564 
202768,108 547 
2028 - 203224,994 2,398