v3.26.1
Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Defined Benefit Plans
The status of the defined benefit pension plans at year-end was as follows:
 Year Ended December 31,
In thousands20252024
Change in benefit obligation
Benefit obligation at beginning of year$54,537 $141,427 
Interest cost2,957 5,032 
Settlements— (77,891)
Benefits paid(4,102)(7,361)
Actuarial loss (gain) 1,963 (6,670)
Benefit obligation at end of year$55,355 $54,537 
Change in plan assets
Fair value of plan assets at beginning of year$30,119 $103,696 
Actual return on plan assets2,820 1,790 
Settlements— (77,891)
Contributions3,546 9,885 
Benefits paid(4,102)(7,361)
Fair value of plan assets at end of year$32,383 $30,119 
Funded status at end of year$(22,972)$(24,418)
Recognized in Balance Sheet
The following amounts have been recognized in the Consolidated Balance Sheets as of December 31:
In thousands20252024
Current pension liabilities within accrued expenses$1,871 $1,870 
Long term pension liabilities - Qualified plans4,106 5,445 
Long term pension liabilities - Nonqualified plan16,995 17,103 
Total pension liabilities$22,972 $24,418 
Recognized in Accumulated Other Comprehensive Loss
The following amounts have been recognized in accumulated other comprehensive losses, net of tax, as of December 31:
In thousands20252024
Accumulated other comprehensive losses, net of tax$11,197 $10,183 
Accumulated Benefit of Obligation in Excess of Plan Asset
The following information is presented for pension plans with an accumulated benefit obligation in excess of plan assets:
In thousands20252024
Projected benefit obligation$55,355 $54,537 
Accumulated benefit obligation$55,355 $54,537 
Fair value of plan assets$32,383 $30,119 
Net Period of Net Periodic Cost
The following table presents the components of net periodic benefit cost and other amounts recognized in other comprehensive income in the Consolidated Statements of Comprehensive (Loss) Income for Qualified Pension Plan II and Restoration Pension Plans:
Year Ended December 31,
In thousands20252024
Net Periodic Benefit Cost
Interest cost$2,957 $5,032 
Expected return on plan assets(2,147)(3,633)
Recognized actuarial loss394 1,557 
Net periodic benefit cost1,204 2,956 
Amounts Recognized in Other Comprehensive (Loss) income
Adjustment to pension liabilities1,014 (32,273)
Net cost recognized in net periodic benefit cost and other comprehensive income$2,218 $(29,317)
Weighted-Average Assumptions Used for Measurement of Defined Pension Plans
The weighted-average assumptions used for measurement of the defined pension plans were as follows:
Weighted-average assumptions used to determine net periodic benefit costYear Ended December 31,
20252024
Discount rate
Qualified Plan In/a5.64%
Qualified Plan II5.63%4.99%
Restoration Plan5.54%4.92%
  
Expected return on plan assets
Qualified Plan In/a4.85%
Qualified Plan II7.15%6.95%
Restoration Plann/a n/a
Weighted-average assumptions used to determine benefit obligationsDecember 31,
20252024
Discount rate
Qualified Plan In/an/a
Qualified Plan II5.37%5.63%
Restoration Plan5.18%5.64%
Plan Assets
The funded pension plan assets as of December 31, 2025 and 2024, by asset category, were as follows:
In thousands2025%2024%
Equity securities$31,599 98%$23,658 79%
Debt securities— —%5,252 17%
Other784 2%1,209 4%
Total plan assets$32,383 100%$30,119 100%
The following tables present the fair value measurements of the assets in our funded pension plan:
As of December 31, 2025
In thousandsTotalQuoted Prices in Active Markets
for Identical Assets
(Level 1)		Significant Other Observable
Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Equity securities$31,599 $31,572 $— $27 
Debt securities— — — — 
Total investments, excluding investments valued at NAV31,599 31,572 — 27 
Investments valued at NAV(1)
784 — — — 
Total plan assets$32,383 $31,572 $— $27 
As of December 31, 2024
In thousandsTotalQuoted Prices in Active Markets
for Identical Assets
(Level 1)		Significant Other Observable
Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
Equity securities$23,658 $23,658 $— $— 
Debt securities5,252 3,669 1,583 — 
Total investments, excluding investments valued at NAV28,910 27,327 1,583 — 
Investments valued at NAV(1)
1,209 — — — 
Total plan assets$30,119 $27,327 $1,583 $— 
(1)Investment valued at net asset value ("NAV") are comprised of cash, cash equivalents, and short-term investments used to provide liquidity for the payment of benefits and other purposes. The commingled funds are valued at NAV based on the market value of the underlying investments, which are primarily government issued securities.
Acceptable Level of Volatility The policy establishes the following investment mix, which is intended to subject the principal to an acceptable level of volatility while still meeting the desired return objectives:
Qualified Pension Plan IITarget Acceptable RangeBenchmark Index
Equities77%
62% - 87%
 
  U.S. Large Cap28%
18% - 38%
Russell 1000 TR
  U.S. Mid Cap18%
13% - 23%
Russell Mid Cap Index TR
  U.S. Small Cap9%
4% - 14%
Russell 2000 TR
International Equity   
  Developed16%
11% - 21%
MSCI EAFE Net TR USD Index
  Emerging Markets6%
0% - 9%
MSCI Emerging Net Total Return
Fixed Income21%
11% - 31%
 
  Investment Grade21%
11% - 31%
BBG BARC US Aggregate Bond Index
Cash Equivalent2%
0% - 40%
ICE BofA US 3-Month Treasury Bill Index TR
Expected Future Benefit Payments
The expected future benefit payments for Qualified Pension Plan II and Restoration Pension Plan over the next ten years as of December 31, 2025, are as follows:
In thousands
2026$4,306 
20274,396 
20284,479 
20294,637 
20304,735 
2031 - 203522,679 
Total$45,232