XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.8.0.1

EMPLOYEE BENEFIT PLANS | 9 Months Ended
--- | ---
Sep. 30, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract] |
EMPLOYEE BENEFIT PLANS | EMPLOYEE BENEFIT PLANS The Company has one qualified non-contributory defined benefit pension plan covering a portion of its employees and an unfunded plan that provides benefits in excess of amounts allowable under current tax law in the qualified plan. Both plans are closed to new participants. Effective December 31, 2016, the Company froze benefits for all employees participating in the pension plan. In lieu of the pension plan, the Company provides those employees with an enhanced 401(k) plan match. Employee benefit plan liabilities are calculated using actuarial estimates and management assumptions. These estimates are based on historical information, along with certain assumptions about future events. Changes in assumptions, as well as changes in actual experience, could cause the estimates to change. The net pension and postretirement benefit costs that have been recorded are shown in the following table:
| Pension |  | Postretirement
| Three Months Ended September 30, |  | Three Months Ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Components of Net Periodic Benefit Cost |  |  |  |  |  |  |
Service cost | — |  |  |  | $327 |  |  |  | $13 |  |  |  | $2 |
Interest cost | 815 |  |  | 869 |  |  | 2 |  |  | 12 |
Expected return on plan assets (a) | (945 | ) |  | (1,008 | ) |  | — |  |  | — |
Amortization of losses | 116 |  |  | 632 |  |  | — |  |  | — |
Net periodic benefit (gain) cost |  | ($14 | ) |  |  | $820 |  |  |  | $15 |  |  |  | $14 |
| Pension |  | Postretirement
| Nine Months Ended September 30, |  | Nine Months Ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Components of Net Periodic Benefit Cost |  |  |  |  |  |  |
Service cost | — |  |  |  | $980 |  |  |  | $39 |  |  |  | $5 |
Interest cost | 2,444 |  |  | 2,606 |  |  | 5 |  |  | 36 |
Expected return on plan assets (a) | (2,836 | ) |  | (3,023 | ) |  | — |  |  | — |
Amortization of losses (gains) | 349 |  |  | 1,893 |  |  | — |  |  | (12 | )
Net periodic benefit (gain) cost |  | ($43 | ) |  |  | $2,456 |  |  |  | $44 |  |  |  | $29 |
(a) | The weighted-average expected long-term rate of return on plan assets used in computing 2017 net periodic benefit cost for pension benefits is 7.2%.

X
- References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration