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Retirement Plans And Other Postretirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Reconciliation Of Changes In Benefit Obligations And Plan Assets
The following tables reconcile the changes in benefit obligations and plan assets in 2023 and 2022, and reconcile the funded status to prepaid or accrued cost at December 31, 2023 and 2022:
 Pension BenefitsOther Post-
Retirement Benefits
(In thousands)2023202220232022
Change in benefit obligation:
Benefit obligation, beginning of year$248,114 $316,169 $5,726 $7,370 
Service cost— — 10 18 
Interest cost9,623 8,945 288 207 
Effect of actuarial (gains) losses related to the following:
Discount rate change(10,751)(61,519)99 (1,483)
Other(6,459)1,513 12 90 
Plan participant contributions— — 490 554 
Benefits paid(16,957)(16,994)(913)(1,030)
Settlement payments and annuity purchase(221,970)— — — 
Benefit obligation, end of year$1,600 $248,114 $5,712 $5,726 
Change in plan assets:
Plan assets at fair value, beginning of year$218,119 $244,612 $— $— 
Actual return on plan assets(7,053)(59,683)— — 
Employer contributions27,861 50,184 423 476 
Plan participant contributions— — 490 554 
Benefits paid(16,957)(16,994)(913)(1,030)
Settlement payments and annuity purchase(221,970)— — — 
Plan assets at fair value, end of year$— $218,119 $— $— 
Funded status of the plans$(1,600)$(29,995)$(5,712)$(5,726)
Amounts recognized in the consolidated balance sheets:
Accrued expenses (current)$180 $180 $489 $489 
Pension and other postretirement benefit obligations, net1,420 29,815 5,223 5,237 
Net amount recognized$1,600 $29,995 $5,712 $5,726 
Components Of Net Periodic Benefit Income Or Cost For Continuing Operations
The following table sets forth the assumptions used in accounting for the pension and other post-retirement benefits, and the components of net periodic benefit cost:
 Pension BenefitsOther Post-
Retirement Benefits
(In thousands, except percentages)202320222021202320222021
Weighted-average assumptions used to determine benefit obligations:
Discount rate4.89 %5.07 %2.90 %4.98 %5.17 %2.86 %
Expected long-term return on plan assetsn/a4.99 %3.05 %n/an/an/a
Weighted-average assumptions used to determine net periodic benefit cost:
Discount rate(a)
5.07%/5.37%
2.90 %2.57 %5.17 %2.86 %2.54 %
Expected long-term return on plan assetsn/a3.05 %5.00 %n/an/an/a
Components of net periodic benefit cost:
Service cost$— $— $— $10 $18 $21 
Interest cost9,623 8,945 8,398 288 207 195 
Expected return on plan assets(8,109)(8,174)(11,316)— — — 
Amortization of prior service costs and gains or losses9,245 13,746 17,003 (213)(140)(141)
Net periodic benefit cost$10,759 $14,517 $14,085 $85 $85 $75 
Pension settlement loss92,291 — — — — — 
Total benefit cost$103,050 $14,517 $14,085 $85 $85 $75 
(a) Prior to the pension lump sum distributions in August 2023, a discount rate of 5.07% was used to determine the net periodic benefit cost. Subsequent to August 2023, a discount rate of 5.37% was used to determine the net periodic benefit cost until the Company purchased a nonparticipating single premium group annuity contract in October 2023.
Schedule Of Expected Benefit Payments For Continuing Operations
Expected benefit payments over the next five years and in the aggregate for 2028—2032 are as follows:
(In thousands)Pension BenefitsOther Post-
Retirement
Benefits
2024$180 $481 
2025172 470 
2026165 456 
2027157 445 
2028148 433 
2028—2032620 1,998 
Schedule Of Amounts Recognized Before Related Deferred Income Taxes In Accumulated Other Comprehensive Income
The pre-tax amounts recorded in 2023, 2022 and 2021 in accumulated other comprehensive income (loss) consist of:
 Pension BenefitsOther Post-Retirement Benefits
(In thousands)202320222021202320222021
Net actuarial (gain) loss$415 $103,998 $109,893 $(1,250)$(1,574)$(320)
Schedule Of Percentage Composition Of Assets Held By Pension Plans The percentage composition of assets held by the pension plan at December 31, 2022 was as follows:
 % Composition of Plan Assets
at December 31,
 2022
Pension plan:
Fixed income mutual fund13.9 %
Private equity and hedge funds4.8 
Collective investment trust69.9 
Cash and cash equivalents11.4 
Total100.0 %
Schedule Of Pension Plan Assets Categorized By Level Within Fair Value Measurement Hierarchy At December 31, 2022, the pension plan assets are categorized by level within the fair value measurement hierarchy as follows:
(In thousands)TotalQuoted Prices
in Active
Markets for
Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Balances at December 31, 2022
Cash and cash equivalents(a)
$24,796 $24,796 $— $— 
Fixed income mutual fund30,284 30,284 — — 
Private equity and hedge funds(b)
10,250 — — 10,250 
Total plan assets at fair value$65,330 $55,080 $— $10,250 
Investments measured at net asset value:
Collective investment trust(c)
152,389 
Private equity and hedge funds141 
Total investments measured at net asset value$152,530 
Securities sold and interest receivable259 
Total plan assets, December 31, 2022$218,119 
(a) This category represents investments in cash and cash equivalents, which includes: 1.) cash held in the plan used for investments in U.S. Treasury futures which were entered into to minimize the volatility of the estimated settlement funding gap; and 2.) short term money market fund in which the amortized cost approximates fair value. These investments were highly liquid and therefore were classified as Level 1 securities.
(b) Represents the estimated fair market value of the Company’s ownership in private equity and hedge funds which were probable of being sold for an amount different from the net asset value per share in connection with the expected termination of the pension plan.
(c) The collective investment trust contains liability hedging fixed income investments and were valued at the net asset value of the collective investment trust. The net asset value was used as a practical expedient to estimate fair value. The net asset value was based on the fair value of the underlying investments held by the fund less its liabilities.
(d) Represents investments in certain commodity funds measured using quoted market prices.