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Pension and Postretirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2014
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Reconciliation Of The Changes In The Benefit Obligations
The following tables provide a reconciliation of the changes in the benefit obligations and fair value of assets for 2014, 2013, and 2012 and a statement of the funded status at December 31, 2014, 2013 and 2012 for the postretirement benefit plans of the Company. The Company uses a December 31st measurement date for its plans.

 
 
Postretirement Benefits Plan
 
 
2014
 
2013
 
2012
 
 
(in thousands)
Change in Benefit Obligation:
 
 
 
 
 
 
Benefit obligation, beginning
 
$
138

 
$
150

 
$
150

Service cost
 

 

 

Interest cost
 
5

 
4

 
5

Actuarial loss (gain)
 
1

 
(9
)
 
2

Benefits paid
 
(7
)
 
(7
)
 
(7
)
Settlement loss
 

 

 

Benefit obligation, ending
 
$
137

 
$
138

 
$
150

Change in Plan Assets:
 
 
 
 
 
 
Fair value of plan assets, beginning
 
$

 
$

 
$

Actual return on plan assets
 

 

 

Employer contributions
 
7

 
7

 
7

Benefits paid
 
(7
)
 
(7
)
 
(7
)
Fair value of plan assets, ending
 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
Postretirement Benefits Plan
 
 
2014
 
2013
 
2012
 
 
(in thousands)
Funded Status:
 
 
 
 
 
 
Funded status
 
$
(137
)
 
$
(138
)
 
$
(150
)
Unrecognized net actuarial loss
 

 

 

Unrecognized net transition obligation
 

 

 

Unrecognized prior service cost
 

 

 

Accrued benefits
 
$
(137
)
 
$
(138
)
 
$
(150
)
Amounts Recognized in Consolidated Balance Sheets:
 
 
 
 
 
 
Prepaid benefit cost
 
$

 
$

 
$

Accrued liability
 
(137
)
 
(138
)
 
(150
)
 
 
$
(137
)
 
$
(138
)
 
$
(150
)
Amounts Recognized in Accumulated Other Comprehensive Income:
 
 
 
 
 
 
Net actuarial loss (gain)
 
$
(57
)
 
$
(65
)
 
$
(65
)
Net transition obligation
 

 

 

Deferred tax (benefit)/liability
 
19

 
21

 
21

 
 
$
(38
)
 
$
(44
)
 
$
(44
)
Net Periodic Benefit Cost Of The Pension Plan And Postretirement Benefit Plan
The following tables provide the components of net periodic benefit cost of the postretirement benefit plan for the years ended December 31, 2014, 2013, and 2012:
 
 
Postretirement Benefits Plan
 
 
2014
 
2013
 
2012
 
 
(in thousands)
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
Service cost
 
$

 
$

 
$

Interest cost
 
5

 
4

 
5

Expected return on plan assets
 

 

 

Amortization of prior service costs
 

 

 

Amortization of transition obligation
 

 

 

Recognized net loss due to settlement
 

 

 

Amortization of net actuarial loss
 
(9
)
 
(7
)
 
(8
)
Net periodic benefit cost
 
$
(4
)
 
$
(3
)
 
$
(3
)
Schedule Of Estimated Future Benefit Payments
Estimated future benefit payments at December 31, 2014, which reflect expected future service, as appropriate, were as follows:
 
 
Postretirement
Benefits
 
(in thousands)
2015
$
13

2016
13

2017
13

2018
13

2019
13

2020 - 2024
54