XML 54 R37.htm IDEA: XBRL DOCUMENT v3.22.4
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block] The company uses a December 31 measurement date for the Arrow SERP benefit plan. Pension information for the years ended December 31 is as follows:
Arrow SERP
(thousands)20222021
Accumulated benefit obligation$74,438 $97,568 
Changes in projected benefit obligation:
Projected benefit obligation at beginning of year105,474 109,556 
Service cost3,296 3,514 
Interest cost2,782 2,575 
Actuarial gain(25,709)(5,569)
Benefits paid(4,724)(4,602)
Plan amendments3,029 — 
Projected benefit obligation at end of year84,148 105,474 
Funded status$(84,148)$(105,474)
Amounts recognized in the company's consolidated balance sheets:
Current liabilities$(5,084)$(4,927)
Noncurrent liabilities(79,064)(100,547)
Net liability at end of year$(84,148)$(105,474)
Components of net periodic pension cost:
Service cost$3,296 $3,514 
Interest cost2,782 2,575 
Amortization of net loss776 2,449 
Net periodic pension cost$6,854 $8,538 
Weighted-average assumptions used to determine benefit obligation:
Discount rate5.00 %2.70 %
Rate of compensation increase5.00 %5.00 %
Expected return on plan assetsN/AN/A
Weighted-average assumptions used to determine net periodic pension cost:
Discount rate2.70 %2.40 %
Rate of compensation increase5.00 %5.00 %
Expected return on plan assetsN/AN/A
Schedule of Expected Benefit Payments [Table Text Block]
Benefit payments are expected to be paid as follows:
(thousands)Arrow SERP
2023$5,084 
20246,207 
20256,116 
20266,379 
20276,268 
2028-203234,856