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BENEFIT PLANS (Tables)

12 Months Ended

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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- 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=82843861&loc=d3e2417-114920

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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)
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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
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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)
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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=82843861&loc=d3e1928-114920

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