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Retirement Agreements And Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Retirement Agreements And Other Postretirement Benefits
Retirement Agreements and Other Postretirement Benefits

The Company’s subsidiary, Investors Title Insurance Company ("ITIC"), is a party to employment agreements with key executives that provide for the continuation of certain employee benefits and other payments due under the agreements upon retirement, estimated to total $8,438,000 and $7,818,000 as of June 30, 2016 and December 31, 2015, respectively. The executive employee benefits include health insurance, dental, vision and life insurance and are unfunded. These amounts are classified as accounts payable and accrued liabilities in the Consolidated Balance Sheets. The following sets forth the net periodic benefits cost for the executive benefits for the periods ended June 30, 2016 and 2015:
 
Three Months Ended
June 30,
Six Months Ended
June 30,
 
2016
 
2015
2016
 
2015
Service cost – benefits earned during the year
$
2,545

 
$
4,187

$
5,090

 
$
8,374

Interest cost on the projected benefit obligation
8,781

 
7,693

17,562

 
15,386

Amortization of unrecognized prior service cost
—

 
1,098

—

 
2,195

Amortization of unrecognized losses
2,235

 
878

4,470

 
1,757

Net periodic benefits costs
$
13,561

 
$
13,856

$
27,122

 
$
27,712