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Executive Benefit Agreements, Employee Savings Plans and Collective Bargaining Agreements (Tables)

12 Months Ended

Dec. 31, 2017

The following table includes information about these agreements:

	December 31,
	2017		2016
	(In Thousands)
Total undiscounted death benefits (1)	$	2,424	$	4,208
Total accrued death benefits (1)	$	2,533	$	4,007

Total undiscounted executive benefits	$	191	$	201
Total accrued executive benefits	$	191	$	168

Executive Benefit Expenses

	December 31,
	2017		2016			2015
	(In Thousands)
Costs (recovery of costs) associated with executive benefits included in SG&A, net (2)	$	9	$	(341	)	$	(561	)

(1)

See discussion concerning the termination of a 1981 Agreement during 2017 and the sale of certain life insurance policies during 2016 in Note 17 – Related Party Transactions. In addition, we also surrendered certain life insurance policies on former employees for the policies’ cash value during 2016.

(2)

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,
	2017			2016
	(In Thousands)
Total face value of life insurance policies	$	4,500		$	4,670

Total cash surrender values of life insurance policies	$	1,804		$	2,270
Loans on cash surrender values		(1,482	)		(1,409	)
Net cash surrender values	$	322		$	861

Life Insurance Premiums

	2017		2016			2015
	(In Thousands)
Cost of life insurance premiums	$	14	$	481		$	1,040
Decreases (increases) in cash surrender values		162		(51	)		(586	)
Net cost of life insurance premiums included in SG&A	$	176	$	430		$	454