Pension Plans (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of defined benefit plans' funded status and amounts recognized in the entity's consolidated balance sheets

	2014			2013
Change in benefit obligation:
Benefit obligation at beginning of year	$	9,982,000		$	10,736,000
Interest cost	491,000			443,000
Actuarial loss (gain)	3,002,000			(1,013,000		)
Benefits paid	(206,000		)	(182,000		)
Other	4,000			(2,000		)
Benefit obligation at end of year	13,273,000			9,982,000

Change in plan assets:
Fair value of plan assets at beginning of year	7,797,000			7,024,000
Actual gain on plan assets	583,000			951,000
Employer contribution	40,000			—
Benefits paid	(206,000		)	(182,000		)
Other	4,000			4,000
Fair value of plan assets at end of year	8,218,000			7,797,000

Unfunded status	$	(5,055,000	)	$	(2,185,000	)

Schedule of amounts recognized in the entity's consolidated balance sheets

	2014			2013
Accrued benefit cost	$	(897,000	)	$	(729,000	)
Liability for pension benefits	(4,158,000		)	(1,456,000		)
	$	(5,055,000	)	$	(2,185,000	)

Schedule of amounts expected to recognized as components of net periodic benefit cost, which are included in accumulated other comprehensive loss

		2014			2013
Net actuarial loss, pre-tax		$	5,710,000		$	2,743,000

Schedule of components of net periodic pension cost for the entity's defined benefit pension plans

	2014			2013			2012
Interest cost	$	491,000		$	443,000		$	454,000
Expected return on plan assets	(612,000		)	(552,000		)	(508,000		)
Recognized net actuarial loss	64,000			100,000			80,000
	$	(57,000	)	$	(9,000	)	$	26,000

Schedule of amounts included in accumulated comprehensive loss which are expected to be recognized as components of net periodic benefit cost in next fiscal year

For the year ending December 31, 2015, we expect to recognize the following amounts as components of net periodic (benefit) cost which are included in accumulated other comprehensive loss as of December 31, 2014:

Actuarial loss

123,000

Schedule of principal assumptions used to determine the net periodic pension cost and the actuarial value of the benefit obligation

	Net Periodic Pension Cost						Benefit Obligation
	2014		2013		2012		2014		2013
Weighted-average discount rate	5.0	%	4.4	%	5.0	%	4.1	%	5.0	%
Weighted-average rate of compensation increase	n/a		n/a		n/a		n/a		n/a
Expected long-term rate of return on plan assets	8.0	%	8.0	%	8.0	%	n/a		n/a

Schedule of fair values of the entity's pension assets

The fair values of our pension assets as of December 31, 2014 by asset category are as follows (refer to NOTE 10 — Fair Value Measurements for a description of Level 1, Level 2 and Level 3 categories):

Asset Category	Total		Level 1		Level 2		Level 3
Corporate common stocks	$	838,000	$	838,000	$	—	$	—
Mutual funds/ETFs:
Equity-large cap	1,695,000		1,695,000		—		—
Equity-mid cap	774,000		774,000		—		—
Equity-small cap	165,000		165,000		—		—
Equity-international	1,046,000		1,046,000		—		—
Fixed income	3,065,000		3,065,000		—		—
Real estate	439,000		439,000		—		—
Money market	196,000		196,000		—		—
Total mutual funds/ETFs	7,380,000		7,380,000		—		—
Grand total	$	8,218,000	$	8,218,000	$	—	$	—

The fair values of our pension assets as of December 31, 2013 by asset category are as follows (refer to NOTE 10 — Fair Value Measurements for a description of Level 1, Level 2 and Level 3 categories):

Asset Category	Total		Level 1		Level 2		Level 3
Corporate common stocks	$	779,000	$	779,000	$	—	$	—
Mutual funds/ETFs:
Equity-large cap	1,583,000		1,583,000		—		—
Equity-mid cap	721,000		721,000		—		—
Equity-small cap	158,000		158,000		—		—
Equity-international	1,086,000		1,086,000		—		—
Fixed income	2,831,000		2,831,000		—		—
Real estate	346,000		346,000		—		—
Money market	293,000		293,000		—		—
Total mutual funds/ETFs	7,018,000		7,018,000		—		—
Grand total	$	7,797,000	$	7,797,000	$	—	$	—

Schedule of estimated future benefit payments

2015	$	1,250,000
2016	$	400,000
2017	$	412,000
2018	$	460,000
2019	$	497,000
2020-2024	$	2,669,000