EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Schedule of Changes in Benefit Obligation

The actuarial recorded liabilities for such unfunded postretirement benefits are as follows:

Change in benefit obligation:

	2023		2022
Benefit obligation at beginning of year	$	1,465	$	1,293
Service cost with interest to end of year	108		79
Interest cost	62		26
Participant contributions	23		27
Benefits paid	(30)		(69)
Actuarial (gain) loss	(233)		109
Benefit obligation at end of year	$	1,395	$	1,465

Change in benefit obligation:

	2023		2022
Benefit obligation at beginning of year	$	1,589	$	1,859
Service cost with interest to end of year	65		44
Interest cost	65		17
Participant contributions	—		27
Benefits paid	(188)		(60)
Actuarial loss (gain)	80		(194)
Exchange rate changes	49		(104)
Benefit obligation at end of year	$	1,660	$	1,589

Schedule of Changes in Plan Assets

Change in plan assets:

	2023		2022
Fair value of plan assets at beginning of year	$	—	$	—
Employer contributions	7		42
Participant contributions	23		27
Benefits paid	(30)		(69)
Fair value of plan assets at end of year	$	—	$	—

Change in plan assets:

	2023		2022
Fair value of plan assets at beginning of year	$	1,196	$	1,175
Actual return on plan assets	56		26
Employer contributions	138		94
Participant contributions	—		27
Benefits paid	(188)		(60)
Exchange rate changes	38		(66)
Fair value of plan assets at end of year	$	1,240	$	1,196

Schedule of Amounts Recognized in Consolidated Balance Sheet

Amounts recognized in consolidated balance sheet:

	2023		2022
Accumulated postretirement benefit obligation	$	(1,395)	$	(1,465)
Fair value of plan assets	—		—
Funded status	(1,395)		(1,465)
Unrecognized prior service cost	9		74
Unrecognized net loss (gain)	(2)		(24)
Net amount recognized in consolidated balance sheet (after ASC 715) (included in "Other long-term obligations")	$	(1,395)	$	(1,465)
Accrued postretirement benefit cost (included in "Other long-term obligations")	N/A		N/A

Amounts recognized in consolidated balance sheet:

	2023		2022
Benefit obligation	$	(1,660)	$	(1,589)
Fair value of plan assets	1,240		1,196
Funded status	(420)		(393)
Unrecognized prior service cost	N/A		N/A
Unrecognized net (gain)/loss	N/A		N/A
Net amount recognized in consolidated balance sheet (after ASC 715) (included in other long-term obligations)	$	(420)	$	(393)
Accrued postretirement benefit cost (included in other long-term obligations)	N/A		N/A

Schedule of Components of Net Periodic Benefit Cost

Components of net periodic benefit cost:

	2023		2022		2021
Service cost with interest to end of year	$	108	$	79	$	87
Interest cost	62		26		23
Amortization of prior service cost	—		9		74
Amortization of loss (gain)	8		(2)		(24)
Total net periodic benefit cost	$	178	$	112	$	160

Components of net periodic benefit cost:

	2023		2022		2021
Service cost with interest to end of year	$	65	$	44	$	67
Interest cost	65		17		14
Expected return on plan assets	(42)		(37)		(34)
Amortization of net loss	—		—		3
Total net periodic benefit cost	$	88	$	24	$	50

Schedule of Estimated Future Employer Contributions and Benefit Payments

Estimated future employer contributions and benefit payments are as follows:

Year
2024	$	131
2025	132
2026	99
2027	101
2028	85
Years 2029-2033	615

Estimated future benefit payments are as follows:

Year
2024	$	1
2025	52
2026	1
2027	1
2028	1
Years 2029-2033	1,096

Schedule of Assumptions to Determine Benefit Obligation

Assumptions to determine benefit obligations:

	2023		2022
Discount rate	4.15	%	4.40	%

Assumptions to determine net cost:

	2023		2022		2021
Discount rate	4.40	%	2.10	%	1.75	%

Assumptions to determine benefit obligations:

	2023		2022
Discount rate	3.45	%	4.00	%

Assumptions to determine net cost:

	2023		2022		2021
Discount rate	4.00	%	1.00	%	0.75	%
Expected return on assets	3.25	%	3.25	%	3.25	%

Summary of Pension Fund

The Company’s participation in this plan for the annual period ended December 31, 2023 is outlined in the table below. The “EIN/Pension Plan Number” column provides the Employee Identification Number (EIN). The zone status is based on information that the Company received from the plan and is certified by the plan’s actuary. Among other factors, plans in the red zone or critical and declining zone are generally less than 65 percent funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded. The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. The last column lists the expiration date of the collective-bargaining agreement to which the plan is subject. Finally, the period-to-period comparability of the contributions for 2023 and 2022 was affected by a 4.0% increase in the 2023 contribution rate. There have been no other significant changes that affect the comparability of 2023 and 2022 contributions. The Company does not represent more than 5% of the contributions to this pension fund.

Pension Fund	EIN/Pension Plan Number	Pension Plan Protection Act Zone Status		FIP/RP Status Pending/ Implemented	Contributions of Balchem Corporation			Surcharge Imposed	Expiration Date of Collective- Bargaining Agreement
		2023	2022		2023	2022	2021
Central States, Southeast and Southwest Areas Pension Fund	36-6044243	Critical & Declining as of 1/1/23	Critical & Declining as of 1/1/22	Implemented	$1,020	$939	$816	No	7/12/2025