Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Components of Company Plan Benefit Expense

The following table summarizes key information related to the Company’s pension plans and retirement agreements (in thousands):

	Six Months Ended June 30, 2023			Year Ended December 31, 2022
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	26,207		$	31,830
Service cost		373			1,118
Interest cost		673			962
Actuarial gain		—			(6,710	)
Benefits paid		(425	)		(993	)
Projected benefit obligation, end of period	$	26,828		$	26,207
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions		425			993
Benefits paid		(425	)		(993	)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	26,828		$	26,207

Components of Net Periodic Benefit Cost

	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Components of Net Periodic Benefit Cost
Service cost	$	186	$	280	$	373	$	559
Interest cost		336		240		673		481
Net loss		-		108		-		216
Net periodic pension cost	$	522	$	628	$	1,046	$	1,256