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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Schedule of reconciliation of the projected benefit obligation, plan assets and funded status of the pension plan

The following table provides a reconciliation of the projected benefit obligation, plan assets and funded status of the pension plan at December 31:

	2018				2017
Accumulated benefit obligation	$	80,776			$	87,765
Change in benefit obligation
Projected benefit obligation at beginning of year	$	87,765			$	82,005
Service cost	675				603
Interest cost	2,806				2,773
Actuarial gain (loss)	(7,430		)		6,556
Benefits paid	(2,104		)		(1,976		)
Settlements	(936		)		(2,196		)
Projected benefit obligation at end of year	$	80,776			$	87,765
Change in plan assets
Fair value of plan assets at beginning of year	$	74,932			$	69,061
Actual gain (loss) on plan assets	(5,585		)		10,043
Benefits paid	(2,104		)		(1,976		)
Settlements	(936		)		(2,196		)
Fair value of plan assets at end of year	$	66,307			$	74,932
Funded status	$	(14,469	)		$	(12,833	)

Schedule of amounts recognized in the consolidated balance sheets

Amounts recognized in the consolidated balance sheets consist of the following at December 31,:

	2018				2017
Other long-term liabilities	$	(14,469	)		$	(12,833	)
Accumulated other comprehensive loss	(41,822		)		(40,937		)

Schedule of actuarial assumptions used

The following actuarial assumptions were used to determine our accumulated and projected benefit obligations as of December 31,:

	2018			2017
Discount rate	4.37	%		3.69	%

The following actuarial assumptions were used to determine our net periodic pension benefit cost for the years ended December 31,:

	2018			2017			2016
Discount rate on benefit obligation	3.69	%		4.28	%		4.54	%
Effective rate for interest on benefit obligation	3.28	%		3.49	%		3.77	%
Expected return on plan assets	7.50	%		8.00	%		8.00	%

Schedule of plan assets and benefit obligations recognized in other comprehensive income

Other changes in plan assets and benefit obligations recognized in other comprehensive income in 2018 and 2017 are as follows:

	2018				2017
Current year actuarial loss	$	(3,574	)		$	(1,812	)
Amortization of actuarial loss	2,689				2,835
Total recognized in other comprehensive loss	$	(885	)		$	1,023

Schedule of net benefit cost

Net periodic pension cost for the years ended December 31, consists of the following:

	2018				2017				2016
Service cost	$	675			$	603			$	452
Interest cost on projected benefit obligation	2,806				2,773				2,878
Expected return on plan assets	(5,418		)		(5,300		)		(5,189		)
Amortization of loss	2,689				2,835				2,780
Net periodic pension cost	$	752			$	911			$	921

Schedule of allocation of plan assets

The following table sets forth the value of the pension plan's assets as of December 31, 2018 and December 31, 2017:

	2018				2017
Investments measured at fair value:
Level 1
Common Stock	$	6,362			$	36,643
Fixed Income Securities	17,640				7,974
Total Investments measured at fair value	24,002				44,617
Investments measured at NAV:
Money Market Fund	1,385				1,517
Mutual Funds	40,920				28,798
Total Investments measured at NAV	42,305				30,315
Total Investments	$	66,307			$	74,932

The allocation of pension plan assets by category is as follows at December 31,:

	Percentage of Pension Plan Assets						Target Allocation
	2018			2017			2019
Equity securities	71	%		87	%		70	%
Debt securities	29			13			30
Total	100	%		100	%		100	%

Schedule of expected benefit payments

The following table summarizes the benefits and settlements expected to be paid by our pension plan in each of the next five years and in aggregate for the following five years. The expected payments are estimated based on the same assumptions used to measure the Company’s projected benefit obligation at December 31, 2018 and reflect the impact of expected future employee service.

2019		$5,602
2020	5,651
2021	4,901
2022	5,249
2023	5,294
2024-2028	25,688

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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.

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Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized.

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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.

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Tabular disclosure of the changes in plan assets and benefit obligations recognized in other comprehensive income (loss) during the period.

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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.

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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.

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

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