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Pension, Postretirement and Postemployment Benefits (Tables) | 12 Months Ended
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Dec. 31, 2017
Pension, Postretirement and Postemployment Benefits [Abstract] |
Summary of Changes in Projected Benefit Obligation, Plan Assets and Funded Status |
| Pension |  | Postretirement
| 2017 |  | 2016 |  | 2017 |  | 2016
Change in Projected Benefit Obligation |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation – beginning | $ | 372,824 |  |  | 361,060 |  |  | 28,484 |  |  | 26,247
Service cost |  | 1,290 |  |  | 2,100 |  |  | 691 |  |  | 532
Interest cost |  | 15,303 |  |  | 16,106 |  |  | 1,179 |  |  | 1,175
Actuarial (gain) loss |  | 27,670 |  |  | 17,353 |  |  | 3,432 |  |  | 2,380
Benefits paid |  | (22,579) |  |  | (22,508) |  |  | (1,633) |  |  | (1,850)
Expenses paid |  | (1,141) |  |  | (1,287) |  |  | — |  |  | —
Projected benefit obligation – ending | $ | 393,367 |  |  | 372,824 |  |  | 32,153 |  |  | 28,484
Accumulated benefit obligation – ending | $ | 393,367 |  |  | 372,824 |  |  | 32,153 |  |  | 28,484
Change in Plan Assets |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets – beginning | $ | 309,380 |  |  | 259,329 |  |  | — |  |  | —
Actual return on plan assets |  | 44,562 |  |  | 8,961 |  |  | — |  |  | —
Employer contribution |  | 52,767 |  |  | 64,885 |  |  | — |  |  | —
Benefits paid |  | (22,579) |  |  | (22,508) |  |  | — |  |  | —
Expenses paid |  | (1,141) |  |  | (1,287) |  |  | — |  |  | —
Fair value of plan assets – ending | $ | 382,989 |  |  | 309,380 |  |  | — |  |  | —
Reconciliation of Funded Status |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation | $ | (393,367) |  |  | (372,824) |  |  | (32,153) |  |  | (28,484)
Fair value of plan assets |  | 382,989 |  |  | 309,380 |  |  | — |  |  | —
Funded status |  | (10,378) |  |  | (63,444) |  |  | (32,153) |  |  | (28,484)
Unrecognized net loss |  | 132,088 |  |  | 138,529 |  |  | 5,853 |  |  | 2,420
Net amount | $ | 121,710 |  |  | 75,085 |  |  | (26,300) |  |  | (26,064)
Accrued liabilities | $ | (2,448) |  |  | (2,553) |  |  | (1,630) |  |  | (1,599)
Other liabilities |  | (7,930) |  |  | (60,891) |  |  | (30,523) |  |  | (26,885)
Accumulated other comprehensive earnings (loss) |  | 132,088 |  |  | 138,529 |  |  | 5,853 |  |  | 2,420
Net amount | $ | 121,710 |  |  | 75,085 |  |  | (26,300) |  |  | (26,064)
Assumptions used to determine year-end pension and postretirement benefit obligations |
Assumptions used to determine the year-end pension and postretirement benefit obligations are as follows:
| 2017 |  | 2016
Pension |  |  |
Weighted average discount rate | 3.71% |  | 4.22%
Mortality table | RP-2014/Scale BB |  | RP-2014/Scale BB
Postretirement |  |  |
Discount rate | 3.74% |  | 4.26%
Health care cost trend rate assumed for next year | 6.50% |  | 7.00%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate) | 5.00% |  | 5.00%
Year that the rate reaches the ultimate trend | 2024 |  | 2021
Fair Values of Plan Assets by Asset Class and Fair Value Hierarchy Level |
|  |  |  |  |  | Fair value measurements using:
|  |  |  |  |  | Quoted |  |  |  |
|  |  |  |  |  | Prices in |  |  |  |
|  |  |  |  |  | Active |  | Significant |  |
|  |  |  |  |  | Markets For |  | Other |  | Significant
|  |  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  | Fair |  | Assets |  | Inputs |  | Inputs
|  |  | Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
2017 |  |  |  |  |  |  |  |  |  |  |
| Equity: |  |  |  |  |  |  |  |  |  |  |
|  | Large Cap | $ | 38,400 |  |  | 38,400 |  |  | — |  |  | —
|  | Small Cap |  | 25,300 |  |  | 25,300 |  |  | — |  |  | —
|  | International measured at net asset value (a) |  | 43,900 |  |  | 43,900 |  |  | — |  |  | —
|  | Other measured at net asset value (a) |  | 300 |  |  | — |  |  | — |  |  | —
Fixed Income measured at net asset value (a) |  | 217,200 |  |  | — |  |  | — |  |  | —
Total Return Fund measured at net asset value (a) |  | 26,900 |  |  | 26,900 |  |  | — |  |  | —
Cash Equivalents measured as net asset value (a) |  | 31,000 |  |  | — |  |  | — |  |  | —
|  |  | $ | 383,000 |  |  | 134,500 |  |  | — |  |  | —
2016 |  |  |  |  |  |  |  |  |  |  |
| Equity: |  |  |  |  |  |  |  |  |  |  |
|  | Large Cap | $ | 29,100 |  |  | 29,100 |  |  | — |  |  | —
|  | Small Cap |  | 29,200 |  |  | 29,200 |  |  | — |  |  | —
|  | International measured at net asset value (a) |  | 40,100 |  |  | 40,100 |  |  | — |  |  | —
|  | Other measured at net asset value (a) |  | 1,300 |  |  | — |  |  | — |  |  | —
Fixed Income measured at net asset value (a) |  | 119,500 |  |  | — |  |  | — |  |  | —
Total Return Fund measured at net asset value (a) |  | 29,000 |  |  | 29,000 |  |  | — |  |  | —
Cash Equivalents measured as net asset value (a) |  | 61,100 |  |  | — |  |  | — |  |  | —
|  |  | $ | 309,300 |  |  | 127,400 |  |  | — |  |  | —
| (a) Certain investments that are measured at fair value using the net asset value per share are not classified in the fair value
|  | hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy
|  | to the amounts presented in the Schedule of Changes in Plan Assets disclosed previously in this note.
Components of Net Periodic Benefit Cost |
The following is a detail of the components of the net periodic benefit cost for the three years ended December 31, 2017.
| 2017 |  | 2016 |  | 2015
Components of Net Periodic Cost |  |  |  |  |  |  |  |
Pension |  |  |  |  |  |  |  |
Service cost | $ | 1,290 |  |  | 2,100 |  |  | 1,918
Interest cost |  | 15,303 |  |  | 16,106 |  |  | 15,683
Expected return on assets |  | (19,534) |  |  | (17,013) |  |  | (18,538)
Amortization of prior service cost |  | — |  |  | — |  |  | 65
Amortization of actuarial loss |  | 9,082 |  |  | 7,361 |  |  | 7,468
Curtailment/settlement losses |  | — |  |  | — |  |  | 781
Net periodic benefit cost | $ | 6,141 |  |  | 8,554 |  |  | 7,377
Postretirement |  |  |  |  |  |  |  |
Service cost | $ | 691 |  |  | 532 |  |  | 567
Interest cost |  | 1,179 |  |  | 1,175 |  |  | 1,154
Amortization of actuarial (gain) loss |  | — |  |  | — |  |  | (304)
Curtailment gain |  | — |  |  | — |  |  | (3,842)
Net periodic benefit cost (income) | $ | 1,870 |  |  | 1,707 |  |  | (2,425)
See note 17 for additional information on the 2015 curtailment (gain) loss. |  |  |  |  |  |  |  |
Assumptions Used to Determine Net Periodic Benefit Cost of Pension Plan and Postretirement Plan |
| 2017 |  | 2016 |  | 2015
Pension |  |  |  |  |
Weighted average discount rate | 4.22% |  | 4.58% |  | 4.22%
Long-term rate of return on plan assets | 6.25% |  | 6.75% |  | 7.00%
Postretirement |  |  |  |  |
Discount rate | 4.26% |  | 4.64% |  | 4.49%
Health care cost trend rate assumed for next year | 7.00% |  | 7.00% |  | 6.50%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate) | 5.00% |  | 5.00% |  | 5.00%
Year that the rate reaches the ultimate trend rate | 2021 |  | 2021 |  | 2020
Schedule of Expected Benefit Payments |
| Pension |  | Postretirement
2018 | $ | 20,803 |  |  | 1,660
2019 |  | 21,125 |  |  | 1,601
2020 |  | 21,315 |  |  | 1,552
2021 |  | 21,943 |  |  | 1,506
2022 |  | 22,391 |  |  | 1,467
2023-2027 |  | 117,813 |  |  | 6,922

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- 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, expected long-term rates of return on plan assets, and health care cost trend rates. + References No definition available. + Details
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + 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 (d)(5) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
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