XML 55 R43.htm IDEA: XBRL DOCUMENT v3.3.1.900
Employee benefit plans (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Summary of Pension and Postretirement Life Insurance Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits 

 

December 31

 

2015 

 

2014 

 

Change in benefit obligation:

    

 

 

    

 

 

 

Benefit obligation, beginning

 

$

17,869

 

$

14,211

 

Interest cost

 

 

696

 

 

678

 

Change in experience loss (gain)

 

 

(41)

 

 

(250)

 

Change in assumptions loss (gain)

 

 

(367)

 

 

3,944

 

Benefits paid

 

 

(777)

 

 

(714)

 

Benefit obligation, ending

 

 

17,380

 

 

17,869

 

Change in plan assets:

 

 

 

 

 

 

 

Fair value of plan assets, beginning

 

 

12,839

 

 

12,417

 

Actual return on plan assets

 

 

29

 

 

895

 

Employer contributions

 

 

240

 

 

241

 

Benefits paid

 

 

(777)

 

 

(714)

 

Fair value of plan assets, ending

 

 

12,331

 

 

12,839

 

Funded status at end of year

 

$

(5,049)

 

$

(5,030)

 

 

Schedule of Amounts Recognized in Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits 

 

 

December 31

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Liabilities

    

$

5,049

    

$

5,030

    

 

Amounts recognized in the accumulated other comprehensive loss consist of:

 

 

 

 

 

 

 

 

Net actuarial gain

 

 

(7,863)

 

 

(7,567)

 

 

Deferred taxes

 

 

2,752

 

 

2,648

 

 

 

 

 

 

 

 

 

 

 

Net amount recognized

 

$

(5,111)

 

$

(4,919)

 

 

 

 

 

 

 

 

 

 

 

 

Components of Net Periodic Pension Expense (Income) and Other Amounts Recognized in Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Years Ended December 31,

 

2015

 

2014

 

2013

 

Net periodic pension expense (income):

    

 

 

    

 

 

    

 

 

 

Interest cost

 

$

696

 

$

678

 

$

646

 

Expected return on plan assets

 

 

(931)

 

 

(910)

 

 

(825)

 

Amortization of unrecognized net loss

 

 

198

 

 

92

 

 

180

 

Net periodic pension expense (income):

 

 

(37)

 

 

(140)

 

 

1

 

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

Net loss (gain)

 

 

296

 

 

3,684

 

 

(2,369)

 

Deferred tax

 

 

(104)

 

 

(1,289)

 

 

805

 

Total recognized in other comprehensive income

 

 

192

 

 

2,395

 

 

(1,564)

 

Total recognized in net period pension cost and other comprehensive income

 

$

155

 

$

2,255

 

$

(1,563)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Life

 

 

Insurance Benefits

Year Ended December 31, 

    

2015

    

2014

    

2013

Components of net periodic pension cost:

    

 

 

    

 

 

 

 

 

Service cost

 

$

 

 

$

 

 

$

35

Interest cost

 

 

 

 

 

 

 

 

111

Amortization of unrecognized net gain

 

 

 

 

 

 

 

 

96

Net periodic other benefit cost

 

$

 

 

$

 

 

 

242

Changes in plan assets and benefit obligations recognized in other comprehensive income:

 

 

 

 

 

 

 

 

 

Net loss (gain)

 

 

 

 

 

 

 

 

(1,273)

Deferred tax

 

 

 

 

 

 

 

 

620

Total recognized in other comprehensive income

 

 

 

 

 

 

 

 

(653)

Total recognized in net period pension cost and other comprehensive income

 

$

 

 

$

 

 

$

(411)

 

Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations and Related Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

 

December 31, 

 

2015 

 

2014 

 

2013 

 

 

Discount rate:

    

 

 

 

    

 

    

 

Obligation

 

4.00

%

4.00

%  

5.00

%  

 

Expense

 

4.00

 

5.00

 

4.25

 

 

Expected long-term return on plan assets

 

7.50

%

7.50

%  

7.50

%  

 

 

Schedule of Pension Plan Weighted-Average Asset Allocations

 

 

 

 

 

 

December 31, 

    

2015 

    

2014 

 

Asset Category:

 

 

 

 

 

Cash and cash equivalents

 

5.9

%

2.4

%

Equity securities

 

57.0

 

59.3

 

Corporate bonds

 

23.0

 

14.9

 

U.S. Government securities

 

14.1

 

23.4

 

 

 

100.0

%  

100.0

%

 

Fair Value Measurement of Pension Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Quoted Prices in

    

 

 

    

 

 

 

 

 

 

 

Active Markets

 

Significant

 

Significant

 

 

 

 

 

for Identical

 

Observable

 

Observable

 

 

 

 

 

Assets

 

Inputs

 

Inputs

 

December 31, 2015

 

Total 

 

(Level 1) 

 

(Level 2) 

 

(Level 3) 

 

Cash

 

$

781

 

$

781

 

 

 

 

$

 

 

Equity securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. large cap

 

 

6,772

 

 

6,772

 

 

 

 

 

 

 

International

 

 

225

 

 

225

 

 

 

 

 

 

 

Fixed income securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

 

760

 

 

 

 

$

760

 

 

 

 

U.S. Government agencies

 

 

971

 

 

 

 

 

971

 

 

 

 

Corporate bonds

 

 

2,822

 

 

 

 

 

2,822

 

 

 

 

Total

 

$

12,331

 

$

7,778

 

$

4,533

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Quoted Prices in

    

 

 

    

 

 

 

 

 

 

 

 

Active Markets

 

Significant

 

Significant

 

 

 

 

 

 

for Identical

 

Observable

 

Observable

 

 

 

 

 

 

Assets

 

Inputs

 

Inputs

 

December 31, 2014

 

Total 

 

(Level 1) 

 

(Level 2) 

 

(Level 3) 

 

Cash

 

$

308

 

$

308

 

 

 

 

$

 

 

Equity securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. large cap

 

 

7,369

 

 

7,369

 

 

 

 

 

 

 

International

 

 

241

 

 

241

 

 

 

 

 

 

 

Fixed income securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasuries

 

 

1,073

 

 

 

 

$

1,073

 

 

 

 

U.S. Government agencies

 

 

1,931

 

 

 

 

 

1,931

 

 

 

 

Corporate bonds

 

 

1,917

 

 

 

 

 

1,917

 

 

 

 

Total

 

$

12,839

 

$

7,918

 

$

4,921

 

$

 

 

 

Schedule of Benefit Payments Expected to be Paid

 

 

 

 

 

 

    

Pension Benefits

 

2016

 

$

791

 

2017

 

 

801

 

2018

 

 

840

 

2019

 

 

836

 

2020

 

 

878

 

Thereafter

 

$

4,776