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RETIREMENT PLANS AND RELATED POST RETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Reconciliation of Beginning and Ending Balances of Projected Benefit Obligation
The reconciliation of the beginning and ending balances of the projected benefit obligation of the plans for the years ended December 31 is as follows:
(In thousands)20212020
Funded Status
Projected Benefit Obligation
Beginning of the Year — January 1$31,730 $26,547 
Service Cost195 223 
Interest Cost764 836 
Actuarial (Gain) Loss(1,838)4,472 
Benefits Paid(348)(348)
End of the Year — December 31$30,503 $31,730 
Assumptions Used to Calculate the Post Retirement Benefit Obligation The assumptions used to calculate the projected benefit obligation as of December 31 are as follows:
20212020
Discount Rate2.75%2.42%
Future Average Compensation Increases
2.00% - 3.00%
0.00% - 2.00%
Summary of the Components of Net Periodic Cost The following table summarizes the components of the net periodic cost for the years ended December 31:
(In thousands)202120202019
Net Periodic Cost
Service Cost — Benefits Earned During Period$195 $223 $181 
Interest Cost764 836 916 
Amortization of Prior Service Cost386 386 386 
Amortization of Losses1,292 648 300 
Net Periodic Cost$2,637 $2,093 $1,783 
Assumptions Used to Determine the Net Periodic Cost The assumptions used to determine the net periodic cost are as follows:
202120202019
Discount Rate2.42%3.17%4.20%
Future Average Compensation Increases
2.00% - 3.00%
2.00%
2.00%