Pension Plans (Details) - Schedule of Information Related to the Retirement Plan - Retirement Plan [Member] - USD ($) $ in Thousands |
12 Months Ended | |
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Dec. 31, 2023 |
Dec. 31, 2022 |
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Changes in plan assets: | ||
Fair value of plan assets, beginning | $ 16,688 | $ 19,987 |
Actual gains (losses) | 2,376 | (3,315) |
Benefits paid | (834) | (784) |
Company contributions | 255 | 800 |
Participant contributions | ||
Fair value of plan assets, ending | 18,485 | 16,688 |
Less: projected accumulated benefit obligation | 18,590 | 17,956 |
Funded status, (underfunded)/overfunded | (105) | (1,268) |
Amounts recognized in the consolidated balance sheets: | ||
Other liabilities | (105) | (1,268) |
Accumulated other comprehensive loss | $ (2,231) | $ (1,166) |
Assumptions used in computation of benefit obligations: | ||
Discount rate | 4.90% | 5.15% |
Expected long-term return on plan assets | 6.50% | 6.50% |
Rate of compensation increase |
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Schedule of other liabilities. No definition available.
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- Definition Expected long-term return on plan assets. No definition available.
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- Definition Amount, before tax, of accumulated other comprehensive (income) loss for defined benefit plan, that has not been recognized in net periodic benefit cost (credit). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in plan assets of defined benefit plan from actual return (loss) determined by change in fair value of plan assets adjusted for contributions, benefit payments, and other expenses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of contribution received by defined benefit plan from employer which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of funded (unfunded) status of defined benefit plan, measured as difference between fair value of plan assets and benefit obligation. Includes, but is not limited to, overfunded (underfunded) status. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of payment to participant under defined benefit plan which decreases plan assets. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of contributions received by defined benefit plan from participant which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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