XML 47 R31.htm IDEA: XBRL DOCUMENT v3.22.0.1
Pension Plans (Tables)
12 Months Ended
Dec. 31, 2021
Retirement Plan [Member]  
Pension Plans (Tables) [Line Items]  
Schedule of information related to the retirement plan
   2021   2020 
Changes in plan assets:        
Fair value of plan assets, beginning  $17,588   $15,654 
Actual gains   2,399    1,969 
Benefits paid   (763)   (721)
Company contributions   763    686 
Participant contributions   
    
 
Fair value of plan assets, ending  $19,987   $17,588 
Less: projected accumulated benefit obligation  $23,828   $24,629 
Funded status, (underfunded)/overfunded  $(3,841)  $(7,041)
           
Amounts recognized in the consolidated balance sheets:          
Other liabilities  $(3,841)  $(7,041)
Accumulated other comprehensive loss  $574   $3,199 
           
Assumptions used in computation of benefit obligations:          
Discount rate   2.80%   2.50%
Expected long-term return on plan assets   5.75%   6.25%
Rate of compensation increase   
    
 

 

Schedule of components of net periodic benefit costs
   Years Ended December 31, 
   2021   2020   2019 
Components of net periodic benefit costs are as follows:            
Service cost  $436   $405   $374 
Interest cost   605    690    760 
Amortization of net loss   98    
    
 
Expected return on plan assets   (952)   (903)   (760)
Net periodic benefit cost  $187   $192   $374 

 

Schedule of expected benefit payments
December 31:    
2022  $850 
2023   900 
2024   940 
2025   1,000 
2026   1,020 
2027-31   5,780 
   $10,490 

 

Postretirement Plan [Member]  
Pension Plans (Tables) [Line Items]  
Schedule of information related to the retirement plan
   2021   2020 
Amounts at the end of the year:        
Accumulated/projected benefit obligation  $4,313   $5,296 
Fair value of plan assets   
    
 
Funded status, (underfunded)/overfunded  $(4,313)  $(5,296)
           
Amounts recognized in the consolidated balance sheets:          
Accrued liabilities  $(210)  $(300)
Other liabilities  $(4,103)  $(4,996)
Accumulated other comprehensive (income) loss  $(290)  $679 
           
Discount rate used in computation of benefit obligations   2.50%   2.05%

 

Schedule of components of net periodic benefit costs
   Years Ended December 31, 
   2021   2020   2019 
Components of net periodic benefit costs are as follows:            
Service cost  $42   $54   $67 
Interest cost   105    151    219 
Amortization of prior service cost   25    30    122 
Net periodic benefit cost  $172   $235   $408 
Amounts recognized in the plan for the year:               
Participant contributions  $32   $26   $24 
                
Benefits paid  $217   $200   $195 

 

Schedule of expected benefit payments
December 31:    
2022  $210 
2023   240 
2024   260 
2025   280 
2026   330 
2027-2031   1,720 
   $3,040