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EMPLOYEE RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2016

Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]

Information Relating to the Company's Plan

Information relating to the Company’s plan is as follows (in thousands):

		Year Ended December 31,
		2016				2015
Change in benefit obligation:
Benefit obligation, beginning of year		$	22,594			$	10,916
Service cost			1,415				1,186
Interest cost			875				618
Actuarial loss			2,679				606
Plan amendment			-				9,268
Benefit obligation, end of year			27,563				22,594
Fair value of plan assets			—				—
Unfunded status of the plan, end of year		$	27,563			$	22,594
Current liability			—				—
Noncurrent liability		$	27,563			$	22,594

Components of Net Periodic Pension Cost

The components of net periodic pension cost were as follows (in thousands):

		Year Ended December 31,
		2016				2015				2014
Service cost		$	1,415			$	1,186			$	669
Interest cost			875				618				426
Amortization of prior service cost			1,660				1,550				584
Amortization of loss			15				—				—
Total net periodic benefit cost		$	3,965			$	3,354			$	1,679

Assumptions Used to Determine Benefit Obligation and Net Periodic Pension Cost

Assumptions used to determine the year end benefit obligation were as follows:

		Year Ended December 31,
		2016				2015
Discount rate			3.57	%			3.78	%
Rate of compensation increases			3.50	%			3.50	%

Assumptions used to determine the net periodic pension cost were as follows:

		Year Ended December 31,
		2016				2015				2014
Discount rate			3.57	%			3.78	%			4.51	%
Rate of compensation increases			3.50	%			3.50	%			3.50	%

Amounts to be Amortized from Accumulated Other Comprehensive Loss into Net Periodic Pension Cost in Next Fiscal Year

The estimated amounts to be amortized from accumulated other comprehensive loss into the net periodic pension cost in 2017 are as follows (in thousands):

Amortization of prior service cost		$	1,660
Amortization of loss			188
Total		$	1,848

Benefit Payments Expected to be Paid

Benefit payments, which reflect estimated future service, are currently expected to be paid as follows (in thousands):

Year		Projected Benefits
2017		$	—
2018			906
2019			2,252
2020			2,375
2021			2,460
2022-2026			16,122
Thereafter			24,429

X

- References

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- Definition

Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

+ 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 (s)
-URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920

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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, 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

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- 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

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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=65897934&loc=d3e1928-114920

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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

+ 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

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