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BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2017
BENEFIT PLANS [Abstract] |
Schedule of Information about our SERP | The following table summarizes information about our SERP.
(In thousands) |  | 2017 |  |  | 2016 |
Change in benefit obligation: |  |  |  |  |  |
Benefit obligation at beginning of the year |  | $ | 7,674 |  |  | $ | 7,719 |
Interest cost |  |  | 321 |  |  |  | 341 |
Actuarial losses (gains) |  |  | 509 |  |  |  | (72 | )
Benefits paid |  |  | (305 | ) |  |  | (314 | )
Benefit obligation at end of year |  |  | 8,199 |  |  |  | 7,674 |
Change in plan assets: |  |  |  |  |  |  |  |
Employer contribution |  |  | 305 |  |  |  | 314 |
Benefits paid |  |  | (305 | ) |  |  | (314 | )
Fair value of plan assets at end of year |  |  | — |  |  |  | — |
Funded status of the plan – (underfunded) |  | $ | (8,199 | ) |  | $ | (7,674 | )
Accumulated benefit obligations |  | $ | 8,199 |  |  | $ | 7,674 |
Schedule of Amounts Recognized in Consolidated Balance Sheets | Amounts recognized in the consolidated balance sheets consist of:
(In thousands) | 2017 |  | 2016 |
Current liabilities |  | $ | (365 | ) |  | $ | (369 | )
Noncurrent liabilities |  |  | (7,834 | ) |  |  | (7,305 | )
|  | $ | (8,199 | ) |  | $ | (7,674 | )
Schedule of Net Pension Costs | Net pension cost included the following components:
|  | SERP |
(In thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Service cost-benefits earned during the period |  | $ | — |  |  | $ | — |  |  | $ | 129 |
Interest cost on projected benefit obligation |  |  | 321 |  |  |  | 341 |  |  |  | 314 |
Amortization of prior service cost |  |  | — |  |  |  | — |  |  |  | 210 |
Amortization of actuarial loss |  |  | 90 |  |  |  | 102 |  |  |  | 169 |
Curtailment loss recognized |  |  | — |  |  |  | — |  |  |  | 222 |
Net pension costs |  | $ | 411 |  |  | $ | 443 |  |  | $ | 1,044 |
Schedule of Assumptions Used | We use a measurement date of December 31 for our SERP plan. Assumptions used to determine net periodic benefit cost for years ended December 31 are as follows:
| SERP |
| 2017 |  | 2016 |  | 2015 |
Discount rate |  |  | 4.30 | % |  |  | 4.58 | % |  |  | 4.09 | %
Rate of compensation increase |  |  | n/a |  |  |  | n/a |  |  |  | 3.50 | %
Assumptions used to determine benefit obligations at December 31 for the SERP are as follows:
| 2017 |  | 2016 |
Discount rate |  |  | 3.68 | % |  |  | 4.30 | %
Rate of compensation increase |  |  | n/a |  |  |  | n/a |
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, 2017.
(In thousands) |  | 2018 |  |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  |  | 2023-2027 |
Benefit Payments |  | $ | 365 |  |  | $ | 376 |  |  | $ | 404 |  |  | $ | 431 |  |  | $ | 431 |  |  | $ | 2,437 |

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