XML 54 R32.htm IDEA: XBRL DOCUMENT
v3.6.0.2

BENEFIT PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
BENEFIT PLANS [Abstract] |
Schedule of Information about our SERP | The following table summarizes information about our SERP.
(In thousands) |  | 2016 |  | 2015 |
Change in benefit obligation: |  |  |  |  |  |  |
Benefit obligation at beginning of the year |  | $ | 7,719 |  | $ | 7,270 |
Service cost |  |  | — |  |  | 129 |
Interest cost |  |  | 341 |  |  | 314 |
Plan curtailments |  |  | — |  |  | (87 | )
Actuarial losses (gains) |  |  | (72 | ) |  | 317 |
Benefits paid |  |  | (314 | ) |  | (224 | )
Benefit obligation at end of year |  |  | 7,674 |  |  | 7,719 |
Change in plan assets: |  |  |  |  |  |  |
Employer contribution |  |  | 314 |  |  | 224 |
Benefits paid |  |  | (314 | ) |  | (224 | )
Fair value of plan assets at end of year |  |  | — |  |  | — |
Funded status of the plan – (underfunded) |  | $ | (7,674 | ) | $ | (7,719 | )
Accumulated benefit obligations |  | $ | 7,674 |  | $ | 7,719 |
Schedule of Amounts Recognized in Consolidated Balance Sheets | Amounts recognized in the consolidated balance sheets consist of:
(In thousands) |  | 2016 |  | 2015 |
Current liabilities |  | $ | (369 | ) | $ | (287 | )
Noncurrent liabilities |  |  | (7,305 | ) |  | (7,432 | )
|  | $ | (7,674 | ) | $ | (7,719 | )
Schedule of Net Pension Costs | Net pension cost included the following components:
|  | Pension Plan |  | SERP |
(In thousands) |  | 2014 |  | 2016 |  | 2015 |  | 2014 |
Service cost-benefits earned during the period |  |  | $ | — |  | $ | — |  | $ | 129 |  | $ | 117 |
Interest cost on projected benefit obligation |  |  |  | 3,232 |  |  | 341 |  |  | 314 |  |  | 289 |
Expected return on plan assets |  |  |  | (4,475 | ) |  | — |  |  | — |  |  | — |
Amortization of prior service cost |  |  |  | — |  |  | — |  |  | 210 |  |  | 210 |
Amortization of actuarial loss |  |  |  | 244 |  |  | 102 |  |  | 169 |  |  | — |
Settlement loss recognized |  |  |  | 20,810 |  |  | — |  |  | — |  |  | — |
Curtailment loss recognized |  |  |  | — |  |  | — |  |  | 222 |  |  | — |
Special termination benefit recognized |  |  |  | 813 |  |  | — |  |  | — |  |  | — |
Net pension costs |  |  | $ | 20,624 |  | $ | 443 |  | $ | 1,044 |  | $ | 616 |
Schedule of Assumptions Used | We use a measurement date of December 31 for our pension and SERP plan. Assumptions used to determine net periodic benefit cost for years ended December 31 are as follows:
|  | Pension Plan |  | SERP |
|  | 2014 |  | 2016 |  | 2015 |  | 2014 |
Discount rate |  |  | 4.93% |  |  | 4.58% |  |  | 4.09% |  |  | 4.96% |
Expected long-term return on plan assets |  |  | 6.00% |  |  | n/a |  |  | n/a |  |  | n/a |
Rate of compensation increase |  |  | n/a |  |  | n/a |  |  | 3.50% |  |  | 3.50% |
Assumptions used to determine benefit obligations at December 31 for the SERP are as follows:
|  | 2016 |  | 2015 |
Discount rate |  |  | 4.30% |  |  | 4.58% |
Rate of compensation increase |  |  | n/a |  |  | 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, 2016.
(In thousands) |
| 2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | 2022-2026
Benefit Payments | $369 |  | $372 |  | $383 |  | $411 |  | $439 |  | $2,343

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration