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

Note 12 - Employee Retirement Plans (Tables)

v3.25.0.1
Note 12 - Employee Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
   

December 31,

 
   

2024

   

2023

 

Change in projected benefit obligation:

               

Benefit obligation at beginning of year

  $ 4,972     $ 5,470  

Service cost

    63       77  

Interest cost

    229       266  

Participant contributions

    82       70  

Changes in actuarial assumptions

    (1,154 )     (360 )

Benefits paid

    (653 )     (551 )

Projected benefit obligation at end of year

  $ 3,539     $ 4,972  

Amounts recognized in the consolidated balance sheets consisted of:

               

Accrued expenses and other current liabilities

  $ 220     $ 280  

Retiree health benefit obligation

    3,319       4,692  
    $ 3,539     $ 4,972  
Schedule of Net Benefit Costs [Table Text Block]
   

2024

   

2023

   

2022

 

Components of net postretirement health benefit cost:

                       

Service cost

  $ 63     $ 77     $ 115  

Interest cost

    229       266       153  

Amortization of net gain

    (514 )     (539 )     (400 )

Net postretirement healthcare benefit cost

  $ (222 )   $ (196 )   $ (132 )
Defined Benefit Plan, Assumptions [Table Text Block]
   

Year Ended December 31,

 
   

2024

   

2023

   

2022

 

Discount rate

    4.7 %     5.0 %     2.5 %

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