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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of summary of employee benefits charged to operating expenses

(in thousands)		2014				2013				2012
Payroll taxes		$	1,081			$	1,106			$	1,127
Medical plans			1,974				1,915				1,772
401(k) match			310				309				298
Pension plan			960				1,173				1,224
Profit-sharing			201				118				58
Other			122				219				317
Total employee benefits		$	4,648			$	4,840			$	4,796

Schedule of obligations and funded status

(in thousands)		2014				2013
Change in projected benefit obligation:
Balance, January 1		$	14,852			$	15,342
Service cost			981				1,174
Interest cost			732				646
Actuarial gain			3,813				(1,991	)
Benefits paid			(401	)			(319	)
Balance, December 31		$	19,977			$	14,852
Change in plan assets:
Fair value, January 1		$	13,532			$	11,707
Actual return on plan assets			1,118				2,220
Employer contribution			725				0
Expenses paid			(41	)			(76	)
Benefits paid			(401	)			(319	)
Fair value, December 31		$	14,933			$	13,532
Funded status at end of year		$	(5,044	)		$	(1,320	)
Accumulated benefit obligation		$	16,595			$	12,298

Schedule of components of net pension cost

(in thousands)		2014				2013				2012
Service cost—benefits earned during the year		$	981			$	1,174			$	1,168
Interest costs on projected benefit obligations			732				646				667
Expected return on plan assets			(872	)			(797	)			(776	)
Expected administrative expenses			40				40				40
Amortization of prior service cost			79				79				79
Amortization of unrecognized net loss			0				31				46
Net periodic pension expense		$	960			$	1,173			$	1,224

Schedule of amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive income (loss), including amounts recognized in other comprehensive income

(in thousands)		2014				2013
Prior service costs		$	(443	)		$	(522	)
Net accumulated actuarial net (loss) gain			(2,008	)			1,560
Accumulated other comprehensive (loss) gain			(2,451	)			1,038
Net periodic benefit cost in excess of cumulative employer contributions			(2,593	)			(2,358	)
Net amount recognized at December 31, balance sheet		$	(5,044	)		$	(1,320	)
Net (loss) gain arising during period		$	(3,568	)		$	3,378
Prior service cost amortization			79				79
Amortization of net actuarial loss			0				31
Total recognized in other comprehensive (loss) income		$	(3,489	)		$	3,488
Total recognized in net periodic pension cost and other comprehensive (loss) income		$	4,449			$	(2,315	)

Schedule of assumptions utilized to determine benefit obligations and to determine pension expense

		2014				2013				2012
Determination of benefit obligation at year end:
Discount rate			4.25	%			5.00	%			4.25	%
Annual rate of compensation increase			3.78	%			3.73	%			3.61	%
Determination of pension expense for year ended:
Discount rate for the service cost			5.00	%			4.25	%			4.75	%
Annual rate of compensation increase			3.73	%			3.61	%			4.50	%
Expected long-term rate of return on plan assets			7.00	%			7.00	%			7.00	%

Schedule of fair value of the Company's pension plan assets, by asset category

						Fair Value Measurements
						Quoted Prices
						in Active
						Markets for				Other				Significant
						Identical				Observable				Unobservable
						Assets				Inputs				Inputs
(in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)
December 31, 2014
Cash equivalents		$	1,937			$	1,937			$	0			$	0
Equity securities:
U.S. large-cap (a)			7,252				7,252				0				0
U.S. mid-cap (b)			921				921				0				0
U.S. small-cap (c)			1,131				1,131				0				0
International (d)			1,895				1,895				0				0
Real estate (e)			486				486				0				0
Commodities (f)			264				264				0				0
Fixed income securities:
U.S. gov't agency obligations (g)			1,047				0				1,047				0
Total		$	14,933			$	13,886			$	1,047			$	0
December 31, 2013
Cash equivalents		$	675			$	675			$	0			$	0
Equity securities:
U.S. large-cap (a)			6,506				6,506				0				0
U.S. mid-cap (b)			820				820				0				0
U.S. small-cap (c)			1,151				1,151				0				0
International (d)			2,016				2,016				0				0
Real estate (e)			387				387				0				0
Commodities (f)			319				319				0				0
Fixed income securities:
U.S. gov't agency obligations (g)			1,450				0				1,450				0
Corporate investment grade (g)			209				0				209				0
Total		$	13,533			$	11,874			$	1,659			$	0

(a) This category is comprised of low-cost equity index funds not actively managed that track the S&P 500.

(b) This category is comprised of low-cost equity index funds not actively managed that track the MSCI U.S. mid-cap 450.

(c) This category is comprised of actively managed mutual funds.

(d) At December 31, 2014 and 2013, 31% and 32%, respectively, of this category is comprised of low-cost equity index funds not actively managed that track the MSCI EAFE.

(e) This category is comprised of low-cost real estate index exchange traded funds.

(f) This category is comprised of exchange traded funds investing in agricultural and energy commodities.

(g) This category is comprised of individual bonds.

Schedule of future benefit payments expected to be paid

Year		Pension benefits
(in thousands)
2015		$	514
2016			539
2017			598
2018			626
2019			648
2020 to 2024			4,784

X

- Definition

Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss, which have not yet been recognized as components of net periodic benefit cost. Also includes amount of net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

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Summary of employee benefits charged to operating expenses.

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Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (a)(b)(c)

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- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

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-SubTopic 20

-Section 50

-Paragraph 1

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