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

Note 12 - Employee Retirement Plans (Tables)

v3.25.4
Note 12 - Employee Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
   

December 31,

 
   

2025

   

2024

 

Change in projected benefit obligation:

               

Benefit obligation at beginning of year

  $ 3,539     $ 4,972  

Service cost

    43       63  

Interest cost

    181       229  

Participant contributions

    85       82  

Changes in actuarial assumptions

    815       (1,154 )

Benefits paid

    (273 )     (653 )

Projected benefit obligation at end of year

  $ 4,390     $ 3,539  

Amounts recognized in the consolidated balance sheets consisted of:

               

Accrued expenses and other current liabilities

  $ 200     $ 220  

Retiree health benefit obligation

    4,190       3,319  
    $ 4,390     $ 3,539  
Schedule of Net Benefit Costs [Table Text Block]
   

2025

   

2024

   

2023

 

Components of net postretirement health benefit cost:

                       

Service cost

  $ 43     $ 63     $ 77  

Interest cost

    181       229       266  

Amortization of net gain

    (679 )     (514 )     (539 )

Net postretirement healthcare benefit cost

  $ (455 )   $ (222 )   $ (196 )
Defined Benefit Plan, Assumptions [Table Text Block]
   

Year Ended December 31,

 
   

2025

   

2024

   

2023

 

Discount rate

    5.3 %     4.7 %     5.0 %

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