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Pension and Postretirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Defined Benefit Plan [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 2017, 2016, and 2015 and a statement of the funded status at December 31, 2017, 2016 and 2015 for the postretirement benefit plans of the Company. The Company uses a December 31st measurement date for its plans.

 
 
Postretirement Benefits Plan
 
 
2017
 
2016
 
2015
 
 
(in thousands)
Change in Benefit Obligation:
 
 
 
 
 
 
Benefit obligation, beginning
 
$
118

 
$
128

 
$
137

Service cost
 

 

 

Interest cost
 
3

 
4

 
4

Actuarial (gain) loss
 
(4
)
 
(7
)
 
(6
)
Benefits paid
 
(8
)
 
(7
)
 
(7
)
Settlement loss
 

 

 

Benefit obligation, ending
 
$
109

 
$
118

 
$
128

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

 
$

 
$

Actual return on plan assets
 

 

 

Employer contributions
 
8

 
7

 
7

Benefits paid
 
(8
)
 
(7
)
 
(7
)
Fair value of plan assets, ending
 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
Postretirement Benefits Plan
 
 
2017
 
2016
 
2015
 
 
(in thousands)
Funded Status:
 
 
 
 
 
 
Funded status
 
$
(109
)
 
$
(118
)
 
$
(128
)
Unrecognized net actuarial loss
 

 

 

Unrecognized net transition obligation
 

 

 

Unrecognized prior service cost
 

 

 

Accrued benefits
 
$
(109
)
 
$
(118
)
 
$
(128
)
Amounts Recognized in Consolidated Balance Sheets:
 
 
 
 
 
 
Prepaid benefit cost
 
$

 
$

 
$

Accrued liability
 
(109
)
 
(118
)
 
(128
)
 
 
$
(109
)
 
$
(118
)
 
$
(128
)
Amounts Recognized in Accumulated Other Comprehensive Income:
 
 
 
 
 
 
Net actuarial (gain)
 
$
(54
)
 
$
(58
)
 
$
(58
)
Net transition obligation
 

 

 

Deferred tax liability
 
10

 
19

 
19

 
 
$
(44
)
 
$
(39
)
 
$
(39
)
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, 2017, 2016, and 2015:
 
 
Postretirement Benefits Plan
 
 
2017
 
2016
 
2015
 
 
(in thousands)
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
Service cost
 
$

 
$

 
$

Interest cost
 
3

 
4

 
4

Expected return on plan assets
 

 

 

Amortization of prior service costs
 

 

 

Amortization of transition obligation
 

 

 

Recognized net loss due to settlement
 

 

 

Amortization of net actuarial gain
 
(7
)
 
(6
)
 
(6
)
Net periodic benefit cost
 
$
(4
)
 
$
(2
)
 
$
(2
)
Schedule Of Estimated Future Benefit Payments
Estimated future benefit payments at December 31, 2017, which reflect expected future service, as appropriate, were as follows:
 
 
Postretirement
Benefits
 
(in thousands)
2018
$
15

2019
14

2020
14

2021
13

2022
12

2023 - 2027
39