Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Employee Benefit Plans

Schedule of pension information

	Arrow SERP
(thousands)	2023			2022
Accumulated benefit obligation	$	77,737		$	74,438
Changes in projected benefit obligation:
Projected benefit obligation at beginning of year		84,148			105,474
Service cost		3,250			3,296
Interest cost		4,082			2,782
Actuarial loss (gain)		1,328			(25,709)
Benefits paid		(4,724)			(4,724)
Plan amendments		—			3,029
Projected benefit obligation at end of year		88,084			84,148
Funded status	$	(88,084)		$	(84,148)
Amounts recognized in the company's consolidated balance sheets:
Current liabilities	$	(6,186)		$	(5,084)
Noncurrent liabilities		(81,898)			(79,064)
Net liability at end of year	$	(88,084)		$	(84,148)
Components of net periodic pension cost:
Service cost	$	3,250		$	3,296
Interest cost		4,082			2,782
Amortization of prior service cost		336			—
Amortization of net loss		(668)			776
Net periodic pension cost	$	7,000		$	6,854
Weighted-average assumptions used to determine benefit obligation:
Discount rate		4.80	%		5.00	%
Rate of compensation increase		5.00	%		5.00	%
Expected return on plan assets		N/A			N/A
Weighted-average assumptions used to determine net periodic pension cost:
Discount rate		5.00	%		2.70	%
Rate of compensation increase		5.00	%		5.00	%
Expected return on plan assets		N/A			N/A

Schedule of expected benefit payments

(thousands)	Arrow SERP
2024	$	6,186
2025		6,076
2026		6,238
2027		6,109
2028		6,136
2029 - 2033		36,358