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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2022
Employee Benefit Plans.  
Schedule of amounts recognized in the balances sheets

    

December 31,

    

December 31,

2022

2021

Current portion - retirement benefits and other

$

87,000

$

136,000

Long-term liabilities - retirement benefits and other

3,975,000

5,729,000

$

4,062,000

$

5,865,000

Accumulated other comprehensive loss, before income taxes:

 

  

 

  

Net actuarial loss

$

2,958,000

$

4,947,000

Schedule of beginning and ending balances of accumulated postretirement benefit obligations

    

December 31,

    

December 31,

2022

2021

Accumulated postretirement benefit obligations at the beginning of the year

$

5,865,000

$

2,529,000

Service Cost

 

 

46,000

Interest Cost

 

157,000

 

65,000

Actuarial (gain)/loss

 

(1,838,000)

 

3,308,000

Benefits paid

 

(122,000)

 

(83,000)

Accumulated postretirement benefit obligations at the end of the year

$

4,062,000

$

5,865,000

Schedule of financial information for this Plan

    

December 31,

    

December 31,

2022

2021

Service Cost

$

$

46,000

Interest Cost

157,000

65,000

Recognized actuarial loss

151,000

77,000

Pension cost

$

308,000

$

188,000

Company contribution and benefits paid

$

122,000

$

83,000

Schedule of assumptions used as of and for the years

    

December 31,

    

December 31,

 

2022

2021

 

Discount rate used in determining

 

  

 

  

Benefit obligation

 

4.875

%  

2.750

%

Pension cost

 

2.750

%  

2.625

%

Schedule of one-percentage-point increase and a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits

December 31,

December 31,

    

2022

    

2021

Effect of 1% increase in health care trend rates:

 

  

 

  

Benefit obligation

$

636,000

$

1,078,000

Aggregate of service and interest cost

$

30,000

$

29,000

Effect of 1% decrease of health care trend rates:

 

  

 

  

Benefit obligation

$

(515,000)

$

(853,000)

Aggregate of service and interest cost

$

(23,000)

$

(21,000)

Schedule of benefit payments

Years ending December 31,

    

2023

$

129,000

2024

 

141,000

2025

 

152,000

2026

 

162,000

2027

173,000

2028 - 2032

$

1,014,000