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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Retirement Benefits [Abstract]    
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block] The following table provides the change in benefit obligation, change in plan assets, funded status, and amounts recognized in the Consolidated Balance Sheet of the defined benefit pension plans as of December 31, 2022 and 2021 (amounts in thousands):
Change in benefit obligation:20222021
Benefit obligation at beginning of year$106,587 $114,940 
Service cost590 655 
Interest cost2,872 2,880 
Disposition of Australia benefit obligation(853)— 
Actuarial gain(19,991)(1,985)
Benefits paid(8,866)(8,381)
Foreign currency translation(960)(1,522)
Benefit obligation at end of year$79,379 $106,587 
Change in plan assets:  
Fair value of plan assets at beginning of year$97,007 $89,744 
Actual return on plan assets(14,179)13,259 
Employer contributions436 1,397 
Benefits paid(8,228)(7,355)
Foreign currency translation(11)(38)
Fair value of plan assets at end of year$75,025 $97,007 
Unfunded status at end of year$(4,354)$(9,580)
Amounts recognized in Consolidated Balance Sheet:  
Noncurrent assets$11,241 $11,095 
Current liabilities(1,718)(1,551)
Noncurrent liabilities(13,877)(19,124)
Net amount recognized in the Consolidated Balance Sheet$(4,354)$(9,580)
 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
Amounts recognized in accumulated other comprehensive loss: 
 20222021
Unrecognized prior service cost$643 $668 
Unrecognized net loss(21,091)(22,231)
Deferred tax effect of unrecognized items11,181 11,181 
Net amount recognized in accumulated other comprehensive loss$(9,267)$(10,382)
 
Defined Benefit Plan, Assumptions [Table Text Block]
The weighted-average assumptions used in the actuarial computation that derived the benefit obligations at December 31 were as follows:20222021
Discount rate5.5 %2.7 %
Expected long-term return on plan assets6.5 %6.5 %
The weighted-average assumptions used in the actuarial computation that derived net periodic pension cost for the years ended December 31, 2022, 2021, and 2020 were as follows:
 202220212020
Discount rate2.7 %1.4 %3.6 %
Expected long-term return on plan assets6.5 %6.5 %6.9 %
 
Schedule of Net Benefit Costs [Table Text Block]
The following table provides the components of net periodic pension cost for the plans, settlement cost, and the assumptions used in the measurement of the Company’s benefit obligation for the years ended December 31, 2022, 2021, and 2020 (amounts in thousands):
Components of net periodic benefit cost and other
amounts recognized in other comprehensive income (loss)
   
Net periodic benefit cost:202220212020
Service cost$590 $655 $801 
Interest cost2,872 2,880 3,496 
Assumed return on assets(6,071)(6,024)(5,463)
Amortization of unrecognized prior service cost(85)(95)(69)
Amortization of net unrecognized loss1,426 2,805 2,840 
Net periodic pension cost$(1,268)$221 $1,605 
 
Schedule of Allocation of Plan Assets [Table Text Block]
The allocation of the fair value of plan assets was as follows:
 Percentage of Plan Assets
at December 31,
Target
Allocation
Asset Category202220212022
U.S. equities (a)62 %64 %
40% - 80%
Fixed income23 %23 %
20% - 50%
Cash and cash equivalents%%
0% - 20%
International equities (a)%%
0% - 16%
 100 %100 % 
(a) Total equities may not exceed 80% of total plan assets.
The fair value of the plan assets by asset categories consisted of the following as of the dates set forth below (amounts in thousands):
 Fair Value Measurements as of December 31, 2022
 TotalLevel 1Level 2Level 3
Money market funds$5,377 $5,377 $— $— 
Common stock29,759 29,759 — — 
Bonds and securities4,891 4,891 — — 
Mutual and insurance funds34,998 34,084 914 — 
Totals$75,025 $74,111 $914 $— 
 Fair Value Measurements as of December 31, 2021
 TotalLevel 1Level 2Level 3
Money market funds$5,830 $5,830 $— $— 
Common stock38,231 38,231 — — 
Bonds and securities8,240 8,240 — — 
Mutual and insurance funds44,706 44,194 512 — 
Totals$97,007 $96,495 $512 $— 
 Fair Value Measurements as of December 31, 2021
 TotalLevel 1Level 2Level 3
Money market funds$5,830 $5,830 $— $— 
Common stock38,231 38,231 — — 
Bonds and securities8,240 8,240 — — 
Mutual and insurance funds44,706 44,194 512 — 
Totals$97,007 $96,495 $512 $— 
Schedule of Expected Benefit Payments [Table Text Block]
Projected benefit payments from the plans as of December 31, 2022, are estimated as follows (amounts in thousands):
2023$8,197 
20247,665 
20257,487 
20267,294 
20276,819 
2028-203230,037 
 
Schedule of Accumulated and Projected Benefit Obligations
Information for pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets were (amounts in thousands):
 20222021
Projected and accumulated benefit obligations (a)$79,379 $59,895 
Fair value of plan assets75,025 39,561 

(a) The majority of the Company's pension plans are frozen plans and therefore there is no difference between the projected and accumulated benefit obligations.