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Pension Plan (Tables)
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Allocation of Plan Assets [Table Text Block]

 

2019

2018

Equity and index funds

  69.3%

  64.7%

Fixed income funds

  30.7

  35.3

 

100.0%

100.0%

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

In thousands

2019

 

2018

Level 1:

 

 

 

 

 

Equity and index funds

$

7,028

$

5,593

Fixed income funds

 

3,120

 

 

3,054

Total Level 1

10,148

8,647

Level 2

 

-

 

 

-

Level 3

 

-

 

 

-

Total pension plan assets

$

10,148

 

$

8,647

Schedule of Net Funded Status [Table Text Block]

In thousands

2019

 

2018

Change in benefit obligation:

 

 

 

 

 

Projected benefit obligation at

  beginning of year

$

12,965

$

14,320

Interest cost

 

501

 

 

455

Actuarial loss (gain)

1,565

(908)

Benefits paid

 

(773)

 

 

(902)

Projected benefit obligation at

  end of year

 

14,258

 

 

12,965

 

 

 

 

 

 

Change in plan assets:

Fair value of plan assets at

  beginning of year

 

8,647

 

 

10,130

Actual return on plan assets

1,645

(1,002)

Company contributions

 

629

 

 

421

Benefits paid

 

(773)

 

 

(902)

Fair value of plan assets at end of

  year

 

   10,148

 

 

     8,647

Funded status (underfunded)

$

(4,110)

 

$

(4,318)

Amounts recognized in other

  accumulated comprehensive loss:

 

 

 

 

 

Net actuarial loss

$

8,296

 

$

7,954

Weighted average assumptions as of

  December 31:

 

 

 

 

 

Discount rate:

Components of cost

 

4.30%

 

 

3.65%

Benefit obligations

3.20%

4.30%

Expected return on plan assets

 

8.00%

 

 

8.00%

Rate of compensation increase

 

N/A

 

 

N/A

Schedule of Expected Benefit Payments [Table Text Block]

In thousands

2020

 

2021

 

2022

 

2023

 

2024

 

$

720

 

$

1,229

 

$

731

 

$

865

 

$

956

Schedule of Net Benefit Costs [Table Text Block]

In thousands

2019

 

2018

Interest cost

$

501

$

455

Expected return on plan assets

(682)

(787)

Amortization of net actuarial loss

 

264

 

 

229

Net periodic pension cost (benefit)

$

83

 

$

(103)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

In thousands

2019

 

2018

Balance at beginning of year

$

7,954

$

7,301

Net actuarial loss

606

882

Recognized loss

 

(264)

 

 

(229)

Balance at end of year

$

8,296

 

$

7,954