Annual report pursuant to Section 13 and 15(d)

Note 12 - Employee Retirement Plans (Tables)

v3.24.0.1
Note 12 - Employee Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
   

December 31,

 
   

2023

   

2022

 

Change in projected benefit obligation:

               

Benefit obligation at beginning of year

  $ 5,470     $ 6,261  

Service cost

    77       115  

Interest cost

    266       153  

Participant contributions

    70       59  

Changes in actuarial assumptions

    (360 )     (972 )

Benefits paid

    (551 )     (146 )

Projected benefit obligation at end of year

  $ 4,972     $ 5,470  

Amounts recognized in the consolidated balance sheets consisted of:

               

Accrued expenses and other current liabilities

  $ 280     $ 240  

Retiree health benefit obligation

    4,692       5,230  
    $ 4,972     $ 5,470  
Schedule of Net Benefit Costs [Table Text Block]
   

2023

   

2022

   

2021

 

Components of net postretirement health benefit cost:

                       

Service cost

  $ 77     $ 115     $ 137  

Interest cost

    266       153       137  

Amortization of net gain

    (539 )     (400 )     (312 )

Net postretirement healthcare benefit cost

  $ (196 )   $ (132 )   $ (38 )
Defined Benefit Plan, Assumptions [Table Text Block]
   

Year Ended December 31,

 
   

2023

   

2022

   

2021

 

Discount rate

    5.0 %     2.5 %     2.1 %

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