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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2014
Summary of Projected Benefit Obligation | A summary of the activity in the Plan's projected benefit obligation, assets, funded status and amounts recognized in the Company's consolidated balance sheets is as follows:
(In thousands) |  | 2014 |  | 2013
Projected benefit obligation: |  |  |  |  |  |  |  |
Balance, January 1 |  | $ | 63,439 |  |  | $ | 67,087 |
Service cost |  |  | 3,003 |  |  |  | 3,452 |
Interest cost |  |  | 3,037 |  |  |  | 2,819 |
Actuarial loss (gain) |  |  | 13,349 |  |  |  | (8,496 | )
Benefits paid |  |  | (1,486 | ) |  |  | (1,423 | )
Balance, December 31 |  | $ | 81,342 |  |  | $ | 63,439 |
Plan assets: |  |  |  |  |  |  |  |
Fair value, January 1 |  | $ | 70,627 |  |  | $ | 61,384 |
Actual return |  |  | 3,831 |  |  |  | 9,166 |
Employer contribution |  |  | — |  |  |  | 1,500 |
Benefits paid |  |  | (1,486 | ) |  |  | (1,423 | )
Fair value, December 31 |  | $ | 72,972 |  |  | $ | 70,627 |
Funded status: |  |  |  |  |  |  |  |
Accrued pension asset (liability) |  | $ | (8,370 | ) |  | $ | 7,188 |
Schedule of Assumptions used to Determine Projected Benefit Obligation |
|  | 2014 |  | 2013 |  | 2012
Weighted average discount rate |  | 4.00 | % |  | 5.00 | % |  | 4.25 | %
Rate of increase in compensation levels |  | (a) |  | 3.75 | % |  | 3.75 | %
Schedule of Expected Pension Benefit Payments | The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the Plan:
|  | Amount
2015 |  | $ | 1,842,000
2016 |  |  | 2,065,000
2017 |  |  | 2,305,000
2018 |  |  | 2,649,000
2019 |  |  | 2,822,000
2020-2024 |  |  | 18,649,000
Schedule of Plan's Pension Costs | The Plan's pension cost included the following components:
|  | For the Year Ended
|  | December 31,
(In thousands) |  | 2014 |  | 2013 |  | 2012
Service cost benefits earned during the year |  | $ | 3,003 |  |  | $ | 3,452 |  |  | $ | 2,799 |
Interest cost on projected benefit obligations |  |  | 3,037 |  |  |  | 2,819 |  |  |  | 2,570 |
Expected return on plan assets |  |  | (4,711 | ) |  |  | (4,469 | ) |  |  | (3,967 | )
Net amortization and deferral |  |  | 244 |  |  |  | 1,729 |  |  |  | 1,473 |
Net periodic pension cost |  | $ | 1,573 |  |  | $ | 3,531 |  |  | $ | 2,875 |
Schedule of Assumptions used to Determine Net Pension Cost | The following represent the major assumptions used to determine the net pension cost of the Plan:
|  | 2014 |  | 2013 |  | 2012
Weighted average discount rate |  | 5.00 | % |  | 4.25 | % |  | 4.75 | %
Rate of increase in compensation levels |  | 3.75 | % |  | 3.75 | % |  | 4.00 | %
Expected long-term rate of return on assets |  | 6.75 | % |  | 7.25 | % |  | 7.25 | %
Schedule of Assumed Long-term Rate of Return on Assets | The expected one-year nominal returns and annual standard deviations are shown by asset class below:
|  |  |  |  | One-Year Nominal |  | Annual Standard
Asset Class |  | % of Total Portfolio |  | Return |  | Deviation
Core Fixed Income |  | 49 | % |  | 4.79 | % |  | 4.68 | %
Large Cap U.S. Equities |  | 9 | % |  | 7.67 | % |  | 16.65 | %
Large Cap U.S. Growth Equities |  | 9 | % |  | 8.42 | % |  | 19.20 | %
Large Cap U.S. Value Equities |  | 9 | % |  | 7.53 | % |  | 16.73 | %
Small Cap U.S. Equities |  | 8 | % |  | 8.70 | % |  | 20.53 | %
International (Developed) |  | 15 | % |  | 8.98 | % |  | 19.79 | %
International (Emerging) |  | 1 | % |  | 10.77 | % |  | 28.45 | %
Summary of the Fair Value Measurements by Type of Asset | A summary of the fair value measurements by type of asset is as follows:
|  |  | Fair Value Measurements as of December 31,
|  |  | 2014 |  | 2013
|  |  |  |  | Quoted Prices |  |  |  | Quoted Prices
|  |  |  |  | in Active |  |  |  |  |  | in Active |  |
|  |  |  |  | Markets for |  | Significant |  |  |  | Markets for |  | Significant
|  |  |  |  | Identical |  | Observable |  |  |  | Identical |  | Observable
|  |  |  |  | Assets |  | Inputs |  |  |  | Assets |  | Inputs
(In thousands) |  |  | Total |  | (Level 1) |  | (Level 2) |  | Total |  | (Level 1) |  | (Level 2)
Cash |  |  | $ | 268 |  |  | $ | 268 |  |  | $ | — |  |  | $ | 245 |  |  | $ | 245 |  |  | $ | — |
Equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Large Cap Growth |  |  |  | 7,165 |  |  |  | — |  |  |  | 7,165 |  |  |  | 6,650 |  |  |  | — |  |  |  | 6,650 |
U.S. Large Cap Value |  |  |  | 7,066 |  |  |  | — |  |  |  | 7,066 |  |  |  | 6,835 |  |  |  | — |  |  |  | 6,835 |
U.S. Small/Mid Cap Growth |  |  |  | 2,950 |  |  |  | — |  |  |  | 2,950 |  |  |  | 2,825 |  |  |  | — |  |  |  | 2,825 |
U.S. Small/Mid Cap Value |  |  |  | 2,721 |  |  |  | — |  |  |  | 2,721 |  |  |  | 2,784 |  |  |  | — |  |  |  | 2,784 |
Non-U. S. Core |  |  |  | 10,317 |  |  |  | — |  |  |  | 10,317 |  |  |  | 10,840 |  |  |  | — |  |  |  | 10,840 |
U.S. Large Cap Passive |  |  |  | 7,192 |  |  |  | — |  |  |  | 7,192 |  |  |  | 6,929 |  |  |  | — |  |  |  | 6,929 |
Emerging Markets |  |  |  | 703 |  |  |  | — |  |  |  | 703 |  |  |  | 711 |  |  |  | — |  |  |  | 711 |
Fixed Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Core |  |  |  | 24,019 |  |  |  | — |  |  |  | 24,019 |  |  |  | 22,720 |  |  |  | — |  |  |  | 22,720 |
U.S. Passive |  |  |  | 9,275 |  |  |  | — |  |  |  | 9,275 |  |  |  | 8,747 |  |  |  | — |  |  |  | 8,747 |
Opportunistic |  |  |  | 1,296 |  |  |  | — |  |  |  | 1,296 |  |  |  | 1,341 |  |  |  | — |  |  |  | 1,341 |
Total |  |  | $ | 72,972 |  |  | $ | 268 |  |  | $ | 72,704 |  |  | $ | 70,627 |  |  | $ | 245 |  |  | $ | 70,382 |
Supplemental Executive Retirement Plan [Member] |
Summary of Projected Benefit Obligation | A summary of the activity i n the SERP's projected benefit obligation, funded status and amounts recognized in the Company's consolidated balance sheets is as follows:
|  | December 31,
(In thousands) |  | 2014 |  | 2013
Benefit obligation: |  |  |  |  |  |  |  |
Balance, January 1 |  | $ | 8,048 |  |  | $ | 8,482 |
Service cost |  |  | 136 |  |  |  | 144 |
Interest cost |  |  | 377 |  |  |  | 335 |
Benefits paid |  |  | (236 | ) |  |  | (236 | )
Actuarial (gain) loss |  |  | 1,078 |  |  |  | (677 | )
Balance, December 31 |  | $ | 9,403 |  |  | $ | 8,048 |
Schedule of Assumptions used to Determine Projected Benefit Obligation |
|  | 2014 |  | 2013 |  | 2012
Weighted average discount rate |  | 3.75 | % |  | 4.75 | % |  | 4.00 | %
Rate of increase in compensation levels |  | (a) |  | 3.75 | % |  | 3.75 | %
Schedule of Expected Pension Benefit Payments | Expected future benefits payable by the Company over the next ten years are as follows:
|  | Amount |
2015 |  | $ | 236,000
2016 |  |  | 244,000
2017 |  |  | 258,000
2018 |  |  | 324,000
2019 |  |  | 323,000
2020-2024 |  |  | 2,852,000
Schedule of Plan's Pension Costs | The SERP's pension cost included the following components:
|  |  | For the Year Ended December 31,
(In thousands) |  |  | 2014 |  | 2013 |  | 2012
Service cost – benefits earned during the year |  |  | $ | 136 |  |  | $ | 144 |  |  | $ | 115 |
Interest cost on projected benefit obligations |  |  |  | 377 |  |  |  | 335 |  |  |  | 307 |
Net amortization and deferral |  |  |  | 431 |  |  |  | 551 |  |  |  | 360 |
Net periodic pension cost |  |  | $ | 944 |  |  | $ | 1,030 |  |  | $ | 782 |
Schedule of Pretax Amounts in Accumulated Other Comprehensive Loss | The pretax amounts in accumulated other comprehensive loss as of December 31 were as follows:
|  |  | The Plan |  | SERP
(In thousands) |  |  | 2014 |  | 2013 |  | 2014 |  | 2013
Prior service cost |  |  | $ | — |  |  | $ | 8 |  |  | $ | — |  |  | $ | — |
Net actuarial loss |  |  |  | 25,464 |  |  |  | 11,471 |  |  |  | 3,723 |  |  |  | 3,075 |
Total |  |  | $ | 25,464 |  |  | $ | 11,479 |  |  | $ | 3,723 |  |  | $ | 3,075 |

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