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Executive Benefit Agreements, Employee Savings Plans and Collective Bargaining Agreements (Tables)
12 Months Ended
Dec. 31, 2016
Compensation Related Costs [Abstract]  
Executive Benefit Agreements

The following table includes information about these agreements:

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(In Thousands)

 

Total undiscounted death benefits

 

$

4,208

 

 

$

4,501

 

Total accrued death benefits

 

$

4,007

 

 

$

4,040

 

 

 

 

 

 

 

 

 

 

Total undiscounted executive benefits

 

$

201

 

 

$

913

 

Total accrued executive benefits

 

$

168

 

 

$

564

 

 

Executive Benefit Expenses

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(In Thousands)

 

Costs (recovery of costs) associated with executive benefits

   included in SG&A, net (1)

 

$

(341

)

 

$

(561

)

 

$

166

 

 

(1)

During 2016 and 2015, the employment of certain executives, subject to the provisions of the 1981 and 1992 Agreements, were terminated, resulting in the forfeiture of the respective benefits.  As a result of these events, the accrual for these estimated benefits was derecognized resulting in a net recovery of costs associated with certain executive benefits.

Life Insurance Policies

The following table summarizes certain information about these life insurance policies.

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(In Thousands)

 

Total face value of life insurance policies

 

$

4,670

 

 

$

21,242

 

 

 

 

 

 

 

 

 

 

Total cash surrender values of life insurance policies

 

$

2,270

 

 

$

5,007

 

Loans on cash surrender values

 

 

(1,409

)

 

 

(1,288

)

Net cash surrender values

 

$

861

 

 

$

3,719

 

 

Life Insurance Premiums

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(In Thousands)

 

Cost of life insurance premiums

 

$

481

 

 

$

1,040

 

 

$

1,077

 

Increases in cash surrender values

 

 

(51

)

 

 

(586

)

 

 

(714

)

Net cost of life insurance premiums included in SG&A

 

$

430

 

 

$

454

 

 

$

363