Annual report [Section 13 and 15(d), not S-K Item 405]

RETIREMENT PLANS AND RELATED POST RETIREMENT BENEFITS (Tables)

v3.25.4
RETIREMENT PLANS AND RELATED POST RETIREMENT BENEFITS (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Reconciliation of Beginning and Ending Balances of Projected Benefit Obligation
The reconciliation of the beginning and ending balances of the projected benefit obligation of the plans for the years ended December 31 is as follows:
(In thousands) 2025 2024
Funded Status
Projected Benefit Obligation
Beginning of the Year — January 1 $ 24,311  $ 28,798 
Service Cost —  — 
Interest Cost 1,306  1,371 
Actuarial Loss (Gain) 2,587  (6,134)
Special Termination Benefits —  624 
Benefits Paid (650) (348)
End of the Year — December 31 $ 27,554  $ 24,311 
Schedule of Assumptions Used to Calculate the Post Retirement Benefit Obligation
The assumptions used to calculate the projected benefit obligation as of December 31 are as follows:
2025 2024
Discount Rate 5.37% 5.48%
Future Average Compensation Increases 3.50% 3.00%
Schedule of the Components of Net Periodic Cost
The following table summarizes the components of the net periodic cost for the years ended December 31:
(In thousands) 2025 2024 2023
Net Periodic Cost
Service Cost — Benefits Earned During Period $ —  $ —  $ 105 
Interest Cost 1,306  1,371  1,302 
Amortization of Prior Service Cost 386  386  386 
Amortization of (Gains) Losses (1,329) 738  358 
Net Periodic Cost $ 363  $ 2,495  $ 2,151 
Schedule of Assumptions Used to Determine the Net Periodic Cost
The assumptions used to determine the net periodic cost are as follows:
2025 2024 2023
Discount Rate 5.48% 4.79% 5.00%
Future Average Compensation Increases
3.00%
3.00%
2.00% - 3.00%