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BENEFIT PLANS (Tables)
12 Months Ended
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