XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Pension Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items] |
Funded Status and Accrued Pension Cost | The following table sets forth the funded status of the retirement plan at December 31 (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2019 |  | 2018
CHANGE IN BENEFIT OBLIGATION: | ​ | ​ |  | ​ | ​ |
Benefit obligation at beginning of year | ​ | $ | 77,847 | ​ | $ | 85,695
Interest cost | ​ |  | 2,713 | ​ |  | 2,829
Actuarial (gain) loss | ​ |  | 8,436 | ​ |  | (4,459)
Benefits paid | ​ |  | (6,478) | ​ |  | (6,218)
Benefit obligation at end of year | ​ |  | 82,518 | ​ |  | 77,847
CHANGE IN PLAN ASSETS: | ​ |  |  | ​ |  |
Fair value of plan assets at beginning of year | ​ |  | 59,653 | ​ |  | 69,245
Actual return on plan assets | ​ |  | 11,346 | ​ |  | (4,937)
Employer contributions | ​ | ​ | 1,479 | ​ | ​ | 1,563
Benefits paid | ​ |  | (6,478) | ​ |  | (6,218)
Fair value of plan assets at end of year | ​ |  | 66,000 | ​ |  | 59,653
Funded status and accrued pension cost | ​ | $ | (16,518) | ​ | $ | (18,194)
Assumptions Used to Determine Benefit Obligations | The assumptions used to determine the benefit obligation at December 31 are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2019 |  | 2018 |  | 2017 |
Discount rate |  | 2.85 | % | 3.95 | % | 3.30 | %
Rate of compensation increase |  | N/A |  | N/A |  | N/A | ​
​ The weighted-average assumptions used to determine the net periodic pension expense for years ended December 31 are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2019 |  | 2018 |  | 2017 |
Discount rate |  | 3.51 | % | 3.47 | % | 3.59 | %
Rate of compensation increase |  | N/A |  | N/A |  | N/A | ​
Expected long-term rate of return on plan assets |  | 6.50 | % | 6.50 | % | 6.50 | %
​
Allocation of Defined Benefit Pension Plans Assets | The allocation of the defined benefit pension plan’s assets at December 31 is as follows (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
Asset Class |  | 2019 |  | 2018
Cash | ​ | $ | 43 | ​ | $ | 162
Mutual funds | ​ |  | 65,957 | ​ |  | 59,491
Total | ​ | $ | 66,000 | ​ | $ | 59,653
Pension Plan [Member] |
Defined Benefit Plan Disclosure [Line Items] |
Net Periodic Pension and Postretirement Benefit (Income) Expense | Net periodic pension expense reflected in other gains and (losses), net in the accompanying consolidated statements of operations included the following components for the years ended December 31 (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2019 |  | 2018 |  | 2017
Interest cost | ​ | $ | 2,713 | ​ | $ | 2,829 | ​ | $ | 3,019
Expected return on plan assets | ​ |  | (3,849) | ​ |  | (4,363) | ​ |  | (4,202)
Amortization of net actuarial loss | ​ |  | 970 | ​ |  | 750 | ​ |  | 919
Net settlement loss | ​ | ​ | 1,904 | ​ | ​ | 1,559 | ​ | ​ | 1,734
Total net periodic pension expense | ​ | $ | 1,738 | ​ | $ | 775 | ​ | $ | 1,470
​
Expected Future Benefit Payments | The Company expects to contribute approximately $1.7 million to its defined benefit pension plan in 2020. Based on the Company’s assumptions discussed above, the Company expects to make the following estimated future benefit payments under the plan during the years ending December 31 (amounts in thousands):
​ | ​ | ​ | ​
2020 |  | $ | 6,930
2021 | ​ |  | 4,917
2022 | ​ |  | 5,795
2023 | ​ |  | 4,956
2024 | ​ |  | 4,932
2025 - 2029 | ​ |  | 30,300
​

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlanDisclosureLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=118255775&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 benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_PensionPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |