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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract] |
Schedule of Changes in Projected Benefit Obligations | The following tables set forth the change in the projected benefit obligation and plan assets and reconcile the funded status and the amounts recognized in the Consolidated Balance Sheets for the pension and postretirement benefit plans for the two years ended December 31:
| Pension |  | Postretirement
| 2016 |  | 2015 |  | 2016 |  | 2015
Change in Projected Benefit Obligation |  |  |  |  |  |  |
Projected benefit obligation at beginning of year |  | $84,005 |  |  |  | $87,355 |  |  |  | $1,159 |  |  |  | $1,226 |
Service cost | 1,307 |  |  | 1,484 |  |  | 4 |  |  | 11 |
Interest cost | 3,474 |  |  | 3,319 |  |  | 42 |  |  | 52 |
Curtailment gain | (5,447 | ) |  | — |  |  | — |  |  | — |
Actuarial (gain) loss | 1,296 |  |  | (5,332 | ) |  | 99 |  |  | (123 | )
Benefits paid | (2,883 | ) |  | (2,821 | ) |  | (19 | ) |  | (7 | )
Projected benefit obligation at end of year |  | $81,752 |  |  |  | $84,005 |  |  |  | $1,285 |  |  |  | $1,159 |
Funded Status at End of Year: |  |  |  |  |  |  |
Net accrued benefit cost |  | ($30,638 | ) |  |  | ($33,035 | ) |  |  | ($1,285 | ) |  |  | ($1,159 | )
Schedule of Changes in Fair Value of Plan Assets |
Change in Plan Assets |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $50,970 |  |  |  | $55,546 |  |  | — |  |  | — |
Actual return on plan assets | 3,557 |  |  | (1,241 | ) |  | — |  |  | — |
Employer contributions | 29 |  |  | 29 |  |  | 19 |  |  | 7 |
Benefits paid | (2,883 | ) |  | (2,821 | ) |  | (19 | ) |  | (7 | )
Other expense | (559 | ) |  | (543 | ) |  | — |  |  | — |
Fair value of plan assets at end of year |  | $51,114 |  |  |  | $50,970 |  |  | — |  |  | — |
Schedule of Amounts Recognized in Balance Sheet |
Amounts Recognized in the Consolidated |  |  |  |  |  |  |
Balance Sheets Consist of: |  |  |  |  |  |  |
Current liabilities |  | ($36 | ) |  |  | ($32 | ) |  |  | ($30 | ) |  |  | ($24 | )
Noncurrent liabilities | (30,602 | ) |  | (33,003 | ) |  | (1,255 | ) |  | (1,135 | )
Net amount recognized |  | ($30,638 | ) |  |  | ($33,035 | ) |  |  | ($1,285 | ) |  |  | ($1,159 | )
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) | Net gains or losses recognized in other comprehensive income for the three years ended December 31 are as follows:
| Pension |  | Postretirement
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Net gains (losses) |  | $3,119 |  |  |  | ($477 | ) |  |  | ($37,559 | ) |  |  | ($99 | ) |  |  | $123 |  |  |  | ($2,250 | )
Net gains or losses and prior service costs or credits reclassified from other comprehensive income and recognized as a component of pension and postretirement expense for the three years ended December 31 are as follows:
| Pension |  | Postretirement
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Amortization of losses (gains) |  | $2,526 |  |  |  | $3,733 |  |  |  | $6,542 |  |  |  | ($13 | ) |  |  | $12 |  |  |  | $288 |
Amortization of prior service cost | — |  |  | 13 |  |  | 576 |  |  | — |  |  | — |  |  | 8 |
Amortization of negative plan amendment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (137 | )
Schedule of Net Periodic Benefit Cost Not yet Recognized | Net losses that have not yet been included in pension and postretirement expense for the two years ended December 31, which have been recognized as a component of AOCI are as follows:
| Pension |  | Postretirement
| 2016 |  | 2015 |  | 2016 |  | 2015
Net (losses) gains | (22,065 | ) |  | (27,710 | ) |  | (67 | ) |  | 45 |
Deferred income tax benefit | 1,927 |  |  | 1,927 |  |  | 6 |  |  | 6 |
AOCI |  | ($20,138 | ) |  |  | ($25,783 | ) |  |  | ($61 | ) |  |  | $51 |
Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Fair Value | For pension and postretirement plans with accumulated benefit obligations in excess of plan assets, the following table sets forth the projected and accumulated benefit obligations and the fair value of plan assets for the two years ended December 31:
| 2016 |  | 2015
Projected benefit obligation |  | $81,752 |  |  |  | $84,005 |
Accumulated benefit obligation | 81,752 |  |  | 78,779 |
Fair value of plan assets | 51,114 |  |  | 50,970 |
Schedule of Net Benefit Costs | The following tables set forth the components of net pension and postretirement benefit cost that have been recognized during the three years ended December 31:
| Pension |  | Postretirement
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Components of Net Periodic Benefit Cost |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $1,307 |  |  |  | $1,484 |  |  |  | $3,923 |  |  |  | $4 |  |  |  | $11 |  |  |  | $402 |
Interest cost | 3,474 |  |  | 3,319 |  |  | 10,707 |  |  | 42 |  |  | 52 |  |  | 537 |
Expected return on plan assets | (4,030 | ) |  | (4,027 | ) |  | (15,258 | ) |  | — |  |  | — |  |  | — |
Amortization of prior service cost | — |  |  | 13 |  |  | 576 |  |  | — |  |  | — |  |  | 8 |
Amortization of losses (gains) | 2,526 |  |  | 3,733 |  |  | 6,542 |  |  | (13 | ) |  | 12 |  |  | 288 |
Amortization of negative plan amendment | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (137 | )
Net periodic benefit cost (a) |  | $3,277 |  |  |  | $4,522 |  |  |  | $6,490 |  |  |  | $33 |  |  |  | $75 |  |  |  | $1,098 |
(a) | Net periodic benefit cost for the year ended December 31, 2014 included $4.0 million recorded in “Income from discontinued operations, net” on the Consolidated Statements of Income and Comprehensive Income.
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year | The estimated pre-tax amounts that will be amortized from AOCI into net periodic benefit cost in 2017 are as follows:
| Pension |  | Postretirement
Amortization of loss (gain) |  | $416 |  |  |  | ($1 | )
Schedule of Assumptions Used | The following table sets forth the principal assumptions inherent in the determination of benefit obligations and net periodic benefit cost of the pension and postretirement benefit plans as of December 31:
| Pension |  | Postretirement
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Assumptions used to determine benefit obligations at December 31: |  |  |  |  |  |  |  |  |  |  |
Discount rate | 4.01 | % |  | 4.20 | % |  | 3.80 | % |  | 4.12 | % |  | 4.34 | % |  | 3.96 | %
Rate of compensation increase | 4.16 | % |  | 4.50 | % |  | 4.50 | % |  | 4.50 | % |  | 4.50 | % |  | 4.50 | %
Assumptions used to determine net periodic benefit cost for years ended December 31: |  |  |  |  |  |  |  |  |  |  |
Discount rate (pre spin-off) | — |  |  | — |  |  | 4.60 | % |  | — |  |  | — |  |  | 4.60 | %
Discount rate (post spin-off) | 4.20 | % |  | 3.80 | % |  | 4.04 | % |  | 4.34 | % |  | 3.96 | % |  | 4.00 | %
Expected long-term return on plan assets | 7.70 | % |  | 7.70 | % |  | 8.50 | % |  | — |  |  | — |  |  | — |
Rate of compensation increase | 4.16 | % |  | 4.50 | % |  | 4.50 | % |  | 4.50 | % |  | 4.50 | % |  | 4.50 | %
Schedule of Allocation of Plan Assets | The Company’s pension plans’ asset allocation (excluding short-term investments) at December 31, 2016 and 2015, and target allocation ranges by asset category are as follows:
| Percentage of Plan Assets |  | Target Allocation Range
Asset Category | 2016 |  | 2015 |
Domestic equity securities | 41 | % |  | 40 | % |  | 35-45%
International equity securities | 25 | % |  | 25 | % |  | 20-30%
Domestic fixed income securities | 26 | % |  | 27 | % |  | 25-29%
International fixed income securities | 5 | % |  | 5 | % |  | 3-7%
Real estate fund | 3 | % |  | 3 | % |  | 2-4%
Total | 100 | % |  | 100 | % |  |
The following table sets forth by level, within the fair value hierarchy (see Note 2 — Summary of Significant Accounting Policies for definition), the assets of the plans as of December 31, 2016 and 2015.
| Fair Value at December 31, 2016 |  | Fair Value at December 31, 2015
Asset Category | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Investments at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual Funds |  | $13,962 |  |  | — |  |  | — |  |  |  | $13,962 |  |  |  | $13,774 |  |  | — |  |  | — |  |  |  | $13,774 |
Investments at Net Asset Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Collective Trusts |  |  |  |  |  |  |  |  | 37,152 |  |  |  |  |  |  |  |  |  |  | 37,196 |
Total Investments at Fair Value |  |  |  |  |  |  |  |  |  | $51,114 |  |  |  |  |  |  |  |  |  |  |  | $50,970 |
Schedule of Expected Benefit Payments | Expected benefit payments for the next 10 years are as follows:
| Pension Benefits |  | Postretirement Benefits
2017 |  | $3,196 |  |  |  | $30 |
2018 | 3,329 |  |  | 33 |
2019 | 3,497 |  |  | 35 |
2020 | 3,716 |  |  | 38 |
2021 | 3,819 |  |  | 41 |
2022 - 2026 | 21,254 |  |  | 249 |

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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=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + 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 (i) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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