XML 56 R45.htm IDEA: XBRL DOCUMENT v3.22.0.1
Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Schedule of change in benefit obligation
The DB SERP’s net benefit obligation is as follows:
Change in Benefit Obligation
(in thousands)
Benefit obligation as of December 31, 2018$18,927 
Service cost335 
Interest cost658 
Payments(1,913)
Actuarial loss1,207 
Benefit obligation as of December 31, 201919,214 
Service cost392 
Interest cost485 
Payments(1,913)
Actuarial loss1,568 
Benefit obligation as of December 31, 202019,746 
Service cost493 
Interest cost349 
Payments(1,913)
Actuarial gain(740)
Benefit obligation as of December 31, 2021$17,935 
Schedule of funded status of the DB SERP's net benefit obligation
The funded status of the DB SERP’s net benefit obligation is as follows:
December 31,
(in thousands)20212020
Unfunded status$14,374 $15,125 
Unamortized net loss3,561 4,621 
Net amount recognized$17,935 $19,746 
Schedule of amounts recognized in the Consolidated Balance Sheets
Amounts Recognized in the Consolidated Balance Sheets:
December 31,
(in thousands)20212020
Current accrued expenses and other current liabilities$1,913 $1,913 
Non-current other liabilities16,022 17,833 
Total accrued liabilities$17,935 $19,746 
Schedule of weighted average assumptions were used to determine the benefit obligation
202120202019
Discount rate2.6 %2.0 %2.9 %
Average rate of increase in compensation3.0 %3.0 %2.5 %
Schedule of future payments under the plan Future payments under the DB SERP are as follows:
(in thousands)
2022$1,913 
20231,913 
20241,913 
20251,913 
20261,913 
Thereafter8,370 
$17,935