Annual report pursuant to Section 13 and 15(d)

Note 13 - Employee Retirement Plans (Tables)

v3.22.4
Note 13 - Employee Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
   

December 31,

 
   

2022

   

2021

 

Change in projected benefit obligation:

               

Benefit obligation at beginning of year

  $ 6,261     $ 6,736  

Service cost

    115       137  

Interest cost

    153       137  

Participant contributions

    59       52  

Changes in actuarial assumptions

    (972 )     (790 )

Benefits paid

    (146 )     (11 )

Projected benefit obligation at end of year

  $ 5,470     $ 6,261  

Amounts recognized in the consolidated balance sheets consisted of:

               

Accrued expenses and other current liabilities

  $ 240     $ 230  

Retiree health benefit obligation

    5,230       6,031  
    $ 5,470     $ 6,261  
Schedule of Net Benefit Costs [Table Text Block]
   

2022

   

2021

   

2020

 

Components of net postretirement health benefit cost:

                       

Service cost

  $ 115     $ 137     $ 147  

Interest cost

    153       137       191  

Amortization of net gain

    (400 )     (312 )     (310 )

Net postretirement healthcare benefit cost

  $ (132 )   $ (38 )   $ 28  
Defined Benefit Plan, Assumptions [Table Text Block]
   

Year Ended December 31,

 
   

2022

   

2021

   

2020

 

Discount rate

    2.5 %     2.1 %     3.0 %

Immediate healthcare cost trend rate

    *       **       ***  

Ultimate healthcare cost trend rate

    4.5       4.5       4.5  

Assumed annual reduction in trend rate

    *       **       ***  

Participation

    60       60       60