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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Table Text Block]
 
 
 
YEAR ENDED
DECEMBER 31,
  
 
2015
 
2014
  
 
(IN THOUSANDS)
CHANGE IN BENEFIT OBLIGATION:
 
 
  
 
 
 
  
 
Benefit obligation at beginning of year
 
$
33,701
 
 
$
30,249
 
Service cost
 
 
1,557
 
 
 
1,601
 
Interest cost
 
 
1,341
 
 
 
1,368
 
Actuarial (gain) loss
 
 
(1,063
) 
 
 
3,406
 
Curtailments
 
 
 
 
 
328
 
Special/contractual termination benefits
 
 
 
 
 
376
 
Benefits paid
 
 
(2,419
) 
 
 
(3,627
Benefit obligation at end of year
 
 
33,117
 
 
 
33,701
 
CHANGE IN PLAN ASSETS:
 
 
  
 
 
 
  
 
Fair value of plan assets at beginning of year
 
 
27,367
 
 
 
26,288
 
Actual return on plan assets
 
 
(154
) 
 
 
2,056
 
Employer contributions
 
 
3,635
 
 
 
2,650
 
Benefits paid
 
 
(2,419
) 
 
 
(3,627
Fair value of plan assets at end of year
 
 
28,429
 
 
 
27,367
 
Funded status of the plan – under funded
 
$
(4,688
) 
 
$
(6,334
 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
 
 
 
YEAR ENDED
DECEMBER 31,
  
 
2015
 
2014
  
 
(IN THOUSANDS)
AMOUNTS NOT YET RECOGNIZED AS A COMPONENT OF NET PERIODIC PENSION COST:
 
 
  
 
 
 
  
 
Amounts recognized in accumulated other comprehensive loss consists of:
 
 
  
 
 
 
  
 
Net actuarial loss
 
$
12,431
 
 
$
12,596
 
Total
 
$
12,431
 
 
$
12,596
 
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
 
 
 
YEAR ENDED
DECEMBER 31,
  
 
2015
 
2014
  
 
(IN THOUSANDS)
ACCUMULATED BENEFIT OBLIGATION:
 
 
  
 
 
 
  
 
Accumulated benefit obligation
 
$
30,606
 
 
$
30,914
 
Schedule Of Assumptions Used To Calculate Benefit Obligations [Table Text Block]
 
 
 
YEAR ENDED
DECEMBER 31,
  
 
2015
 
2014
WEIGHTED AVERAGE ASSUMPTIONS:
 
 
  
 
 
 
  
 
Discount rate
 
 
4.20
% 
 
 
4.00
Salary scale
 
 
2.50
 
 
 
2.50
 
Schedule of Net Benefit Costs [Table Text Block]
 
 
 
 
YEAR ENDED DECEMBER 31,
  
 
2015
 
2014
 
2013
  
 
(IN THOUSANDS)
COMPONENTS OF NET PERIODIC BENEFIT COST:
 
 
  
 
 
 
  
 
 
 
  
 
Service cost
 
$
1,557
 
 
$
1,601
 
 
$
1,703
 
Interest cost
 
 
1,341
 
 
 
1,368
 
 
 
1,189
 
Expected return on plan assets
 
 
(2,130
) 
 
 
(1,991
 
 
(1,775
Amortization of prior year service cost
 
 
 
 
 
(19
 
 
(19
Amortization of transition asset
 
 
 
 
 
 
 
 
(8
Special termination benefit liability
 
 
 
 
 
376
 
 
 
 
Recognized net actuarial loss
 
 
1,386
 
 
 
1,181
 
 
 
1,375
 
Net periodic pension cost
 
$
2,154
 
 
$
2,516
 
 
$
2,465
 
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
 
 
 
 
YEAR ENDED DECEMBER 31,
  
 
2015
 
2014
 
2013
  
 
(IN THOUSANDS)
OTHER CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OTHER COMPREHENSIVE LOSS
 
 
  
 
 
 
  
 
 
 
  
 
Net (gain) loss
 
$
1,221
 
 
$
3,669
 
 
$
(2,832
Recognized loss
 
 
(1,386
) 
 
 
(1,181
 
 
(1,375
Recognized prior service cost
 
 
 
 
 
19
 
 
 
19
 
Recognized net initial asset
 
 
 
 
 
 
 
 
8
 
Total recognized in other comprehensive loss before tax effect
 
$
(165)
 
 
$
2,507
 
 
$
(4,180
Total recognized in net benefit cost and other comprehensive loss before tax effect
 
$
1,989
 
 
$
5,023
 
 
$
(1,715
Schedule Of Assumptions Used To Calculate Net Periodic Benefit Cost [Table Text Block]
 
 
 
 
YEAR ENDED DECEMBER 31,
  
 
2015
 
2014
 
2013
WEIGHTED AVERAGE ASSUMPTIONS:
 
 
  
 
 
 
  
 
 
 
  
 
Discount rate
 
 
4.00
% 
 
 
4.50
 
 
4.00
Expected return on plan assets
 
 
8.00
 
 
 
8.00
 
 
 
8.00
 
Rate of compensation increase
 
 
2.50
 
 
 
2.50
 
 
 
2.50
 
Schedule of Allocation of Plan Assets [Table Text Block]
The plan’s measurement date is December 31, 2015. This plan’s asset allocations at December 31, 2015 and 2014, by asset category are as follows:
 
 
 
 
YEAR ENDED
DECEMBER 31,
  
 
2015
 
2014
ASSET CATEGORY:
 
 
  
 
 
 
  
 
Cash and cash equivalents
 
 
6
% 
 
 
2
Domestic equities
 
 
7
 
 
 
10
 
Mutual funds/ETFs
 
 
75
 
 
 
80
 
International equities
 
 
1
 
 
 
3
 
Corporate bonds
 
 
11
 
 
 
5
 
Total
 
 
100
% 
 
 
100
Schedule Of Fair Value Of Plan Assets [Table Text Block]
The major categories of assets in the Company’s Pension Plan as of year end are presented in the following table. Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value.
 
 
 
 
YEAR ENDED DECEMBER 31,
  
 
2015
 
2014
  
 
(IN THOUSANDS)
Level 1:
 
 
  
 
 
 
  
 
Cash and cash equivalents
 
$
1,611
 
 
$
639
 
Domestic equities
 
 
1,978
 
 
 
2,753
 
International equities
 
 
397
 
 
 
851
 
Mutual funds/ETFs
 
 
21,396
 
 
 
21,782
 
Level 2:
 
 
  
 
 
 
  
 
Corporate bonds
 
 
3,047
 
 
 
1,342
 
Total fair value of plan assets
 
$
28,429
 
 
$
27,367
 
Schedule of Expected Benefit Payments [Table Text Block]
The following benefit payments, which reflect future service, as appropriate, are expected to be paid.
 
 
YEAR:
 
ESTIMATED FUTURE BENEFIT PAYMENTS
  
 
(IN THOUSANDS)
2016
 
$
2,287
 
2017
 
 
2,417
 
2018
 
 
2,319
 
2019
 
 
2,215
 
2020
 
 
2,589
 
Years 2021 – 2025
 
 
11,706