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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2021
Summary of Projected Benefit Obligation
A summary of the activity in the Plan’s projected benefit obligation, assets, funded status and amounts recognized in the Company’s consolidated balance sheets is as follows:
(In thousands)20212020
Projected benefit obligation:
Balance, January 1 $122,035 $119,827 
Service cost 1,002 4,329 
Interest cost 3,076 3,908 
Actuarial (gain) loss (5,822)15,087 
Plan amendments — (18,322)
Benefits paid (2,968)(2,794)
Balance, December 31
$117,323 $122,035 
Plan assets:
Fair value, January 1 $106,667 $94,634 
Actual return 10,107 14,826 
Employer contribution 330 — 
Benefits paid (2,968)(2,793)
Fair value, December 31
$114,136 $106,667 
Funded status:
Accrued pension liability $(3,187)(15,368)
Schedule of Assumptions used to Determine Projected Benefit Obligation
The following represent the major assumptions used to determine the projected benefit obligation of the Plan. For 2021, 2020 and 2019, the Plan’s expected benefit cash flows were discounted using the FTSE Above Median Double-A Curve. For 2021, the Pri-2012 Mortality Table and MP-2022 Mortality Improvement Scale were used. For 2020, the Pri-2012 Mortality Table and MP-2020 Mortality Improvement Scale were used. For 2019, the Pri-2012 Mortality Table and MP-2019 Mortality Improvement Scale were used.
202120202019
Weighted average discount rate 2.85 %2.55 %3.30 %
Rate of increase in compensation levels (a)(a)(a)
(a)6.0% graded down to 3.25% over the first seven years of service.
Schedule of Expected Benefit Payments [Table Text Block] The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the Plan:
Amount
2022$3,771,000 
20234,165,000 
20244,396,000 
20254,593,000 
20264,802,000 
2026-2030 26,978,000 
Schedule of Plan's Pension Costs
The Plan’s pension cost included the following components:
For the Year Ended
December 31,
(In thousands)202120202019
Service cost – benefits earned during the year $1,002 $4,329 $3,555 
Interest cost on projected benefit obligations 3,076 3,908 4,103 
Expected return on plan assets (6,310)(6,049)(4,753)
Net amortization and deferral 393 1,946 1,559 
Net periodic pension (benefit) cost $(1,839)$4,134 $4,464 
Schedule of Assumptions used to Determine Net Pension Cost
The following represent the major assumptions used to determine the net pension cost of the Plan:
202120202019
Weighted average discount rate 2.55 %3.30 %4.30 %
Rate of increase in compensation levels (a )(a )(a )
Expected long-term rate of return on assets 6.00 %6.50 %6.50 %
(a)6.0% graded down to 3.25% over the first seven years of service
Schedule of Assumed Long-term Rate of Return on Assets The expected one-year nominal returns and annual standard deviations are shown by asset class below:
Asset Class% of Total PortfolioOne-Year Nominal
Return		Annual Standard
Deviation
Core Fixed Income 51 %3.95 %8.82 %
Large Cap U.S. Equities 18 %7.24 %17.27 %
Small Cap U.S. Equities 5 %8.57 %22.09 %
International (Developed) 18 %8.34 %18.39 %
International (Emerging) 8 %11.12 %27.24 %
Summary of the Fair Value Measurements by Type of Asset
A summary of the fair value measurements by type of asset is as follows:
Fair Value Measurements as of December 31,
20212020
(In thousands)TotalQuoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Observable
Inputs
(Level 2)		TotalQuoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Observable
Inputs
(Level 2)
Cash $535 $535 $— $484 $484 $— 
Real estate investment trusts6,250 — 6,250 — — — 
Equity securities
U.S. Small/Mid Cap Growth 4,734 — 4,734 5,530 — 5,530 
Non-U. S. Core 19,164 — 19,164 26,342 — 26,342 
U.S. Large Cap Passive 18,279 — 18,279 17,520 — 17,520 
Emerging Markets 7,701 — 7,701 5,882 — 5,882 
Fixed Income
U.S. Core 51,386 — 51,386 23,467 — 23,467 
U.S. Passive — — — 21,680 — 21,680 
Opportunistic 6,087 — 6,087 5,762 — 5,762 
Total $114,136 $535 $113,601 $106,667 $484 $106,183 
SERP  
Summary of Projected Benefit Obligation
A summary of the activity in the SERP’s projected benefit obligation and amounts recognized in the Company’s consolidated balance sheets is as follows:
December 31,
(In thousands)20212020
Benefit obligation:
Balance, January 1 $13,412 $11,712 
Service cost 147 121 
Interest cost 291 347 
Benefits paid (282)(291)
Actuarial (gain)/loss (1,148)1,523 
Balance, December 31
$12,420 $13,412 
Schedule of Assumptions used to Determine Projected Benefit Obligation
The following represent the major assumptions used to determine the projected benefit obligation of the SERP. For 2021, 2020 and 2019, the SERP’s expected benefit cash flows were discounted using the FTSE Above Median Double-A Curve.
202120202019
Weighted average discount rate 2.65 %2.20 %3.00 %
Rate of increase in compensation levels (a)(a)(a)
(a)6.00% graded down to 3.25% over the first seven years of service.
Schedule of Expected Benefit Payments [Table Text Block] Expected future benefits payable by the Company over the next ten years are as follows:
Amount
2022$823,000 
2023804,000 
2024802,000 
2025799,000 
2026795,000 
2026-2030 $3,878,000 
Schedule of Plan's Pension Costs
Net periodic pension cost related to the SERP included the following components:
For the Year Ended December 31,
(In thousands)202120202019
Service cost – benefits earned during the year $147 $121 $97 
Interest cost on projected benefit obligations 291 347 408 
Net amortization and deferral 203 112 276 
Net periodic pension cost $641 $580 $781 
Schedule of Pretax Amounts in Accumulated Other Comprehensive Loss
The pretax amounts in accumulated other comprehensive loss as of December 31 were as follows:
The PlanSERP
(In thousands)2021202020212020
Prior service cost $— $— $— $— 
Net actuarial loss 5,417 15,429 2,783 4,135 
Total $5,417 $15,429 $2,783 $4,135