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BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2015
BENEFIT PLANS [Abstract] |
Schedule of Information about our Pension Plan and SERP | The following table summarizes information about our Pension Plan and SERP.
|  | Pension Plan |  |  | SERP |
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of the year |  |  | N/ | A |  | $ | 73,456 |  |  | $ | 7,270 |  |  | $ | 5,974 |
Service cost |  |  |  |  |  |  | — |  |  |  | 129 |  |  |  | 117 |
Interest cost |  |  |  |  |  |  | 3,232 |  |  |  | 314 |  |  |  | 289 |
Plan settlements |  |  |  |  |  |  | (83,453 | ) |  |  | — |  |  |  | — |
Plan curtailments |  |  |  |  |  |  | — |  |  |  | (87 | ) |  |  | — |
Special termination benefits |  |  |  |  |  |  | 813 |  |  |  | — |  |  |  | — |
Actuarial losses (gains) |  |  |  |  |  |  | 10,700 |  |  |  | 317 |  |  |  | 1,095 |
Benefits paid |  |  |  |  |  |  | (3,935 | ) |  |  | (224 | ) |  |  | (205 | )
Benefit obligation at end of year |  |  |  |  |  |  | 813 |  |  |  | 7,719 |  |  |  | 7,270 |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  |  |  |  |  |  | 82,904 |  |  |  | — |  |  |  | — |
Employer contribution |  |  |  |  |  |  | — |  |  |  | 224 |  |  |  | 205 |
Actual return on plan assets |  |  |  |  |  |  | 5,297 |  |  |  | — |  |  |  | — |
Plan settlements |  |  |  |  |  |  | (83,453 | ) |  |  | — |  |  |  | — |
Benefits paid |  |  |  |  |  |  | (3,935 | ) |  |  | (224 | ) |  |  | (205 | )
Fair value of plan assets at end of year |  |  |  |  |  |  | 813 |  |  |  | — |  |  |  | — |
Funded status of the plan – (underfunded) |  |  |  |  |  | $ | — |  |  | $ | (7,719 | ) |  | $ | (7,270 | )
Accumulated benefit obligations |  |  |  |  |  | $ | — |  |  | $ | 7,719 |  |  | $ | 7,270 |
Schedule of Amounts Recognized in Consolidated Balance Sheets | Amounts recognized in the consolidated balance sheets consist of:
|  | SERP |
(In thousands) |  | 2015 |  |  | 2014 |
Noncurrent assets |  | $ | — |  |  | $ | — |
Current liabilities |  |  | (287 | ) |  |  | (228 | )
Noncurrent liabilities |  |  | (7,432 | ) |  |  | (7,042 | )
|  | $ | (7,719 | ) |  | $ | (7,270 | )
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss) | Amounts recognized in accumulated other comprehensive income (loss) before the effect of income taxes consist of:
| SERP |
(In thousands) | 2015 |  | 2014 |
Prior service cost |  | $ | — |  |  | $ | (432 | )
Net actuarial loss |  |  | (1,724 | ) |  |  | (1,663 | )
|  | $ | (1,724 | ) |  | $ | (2,095 | )
Schedule of Net Pension Costs | Net pension cost included the following components:
|  | Pension Plan |  |  | SERP |
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
Service cost-benefits earned during the period |  |  | N/ | A |  | $ | — |  |  | $ | — |  |  | $ | 129 |  |  | $ | 117 |  |  | $ | 134 |
Interest cost on projected benefit obligation |  |  |  |  |  |  | 3,232 |  |  |  | 3,278 |  |  |  | 314 |  |  |  | 289 |  |  |  | 259 |
Expected return on plan assets |  |  |  |  |  |  | (4,475 | ) |  |  | (4,948 | ) |  |  | — |  |  |  | — |  |  |  | — |
Amortization of prior service cost |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 210 |  |  |  | 210 |  |  |  | 210 |
Amortization of actuarial loss |  |  |  |  |  |  | 244 |  |  |  | 1,627 |  |  |  | 169 |  |  |  | — |  |  |  | 68 |
Settlement loss recognized |  |  |  |  |  |  | 20,810 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Curtailment loss recognized |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 222 |  |  |  | — |  |  |  | — |
Special termination benefit recognized |  |  |  |  |  |  | 813 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net pension costs |  |  |  |  |  | $ | 20,624 |  |  | $ | (43 | ) |  | $ | 1,044 |  |  | $ | 616 |  |  | $ | 671 |
Schedule of Assumptions Used | Assumptions used to determine net periodic benefit cost for years ended December 31 are as follows:
| Pension Plan |  | SERP |
| 2014 |  | 2013 |  | 2015 |  | 2014 |  | 2013 |
Discount rate |  |  | 4.93 | % |  |  | 4.13 | % |  |  | 4.09 | % |  |  | 4.96 | % |  |  | 4.08 | %
Expected long-term return on plan assets |  |  | 6.00 | % |  |  | 6.65 | % |  |  | n/ | a |  |  | n/ | a |  |  | n/ | a
Rate of compensation increase |  |  | n/ | a |  |  | n/ | a |  |  | 3.50 | % |  |  | 3.50 | % |  |  | 3.50 | %
Assumptions used to determine benefit obligations at December 31 are as follows:
| SERP |
| 2015 |  | 2014 |
Discount rate |  |  | 4.58 | % |  |  | 4.09 | %
Rate of compensation increase |  |  | 3.50 | % |  |  | 3.50 | %
Schedule of Expected Future Benefit Payments | These expected benefits were estimated based on the same actuarial assumptions used to determine benefit obligations at December 31, 2015.
(In thousands) |  | SERP |
2016 |  | $ | 287 |
2017 |  |  | 367 |
2018 |  |  | 371 |
2019 |  |  | 384 |
2020 |  |  | 412 |
2021-2025 |  |  | 2,262 |

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