Pension Plans (Tables)

12 Months Ended

Dec. 31, 2018

Pension Plans

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

	2018		2017
Change in benefit obligation:
Benefit obligation at beginning of year	$	14,268,000	$	13,265,000
Interest cost		463,000		468,000
Actuarial (gain) loss		(976,000)		914,000
Benefits paid		(396,000)		(379,000)
Benefit obligation at end of year		13,359,000		14,268,000
Change in plan assets:
Fair value of plan assets at beginning of year		10,299,000		8,166,000
Actual (loss) gain on plan assets		(216,000)		1,293,000
Employer contribution		1,750,000		1,216,000
Benefits paid		(396,000)		(379,000)
Other		3,000		3,000
Fair value of plan assets at end of year		11,440,000		10,299,000
Unfunded status	$	(1,919,000)	$	(3,969,000)

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

	2018		2017
Accrued liabilities	$	(1,146,000)	$	(1,150,000)
Liability for pension benefits		(773,000)		(2,819,000)
	$	(1,919,000)	$	(3,969,000)

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

	2018		2017
Net actuarial loss, pre-tax	$	5,708,000	$	5,923,000

Schedule of components of net periodic pension benefit for defined benefit pension plans

	2018		2017		2016
Interest cost	$	463,000	$	468,000	$	462,000
Expected return on plan assets		(699,000)		(644,000)		(622,000)
Recognized net actuarial loss		151,000		143,000		126,000
	$	(85,000)	$	(33,000)	$	(34,000)

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

Actuarial loss $ 145,000

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

	Net Periodic Pension Cost						Benefit Obligation
	2018		2017		2016		2018		2017
Weighted-average discount rate	3.8	%	4.2	%	4.4	%	4.4	%	3.8	%
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	6.5	%	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, 2018 by asset category are as follows (refer to NOTE 9 — Fair Value Measurements for a description of Level 1, Level 2 and Level 3 categories):

Asset Category	Total		Level 1		Level 2		Level 3
Mutual funds/ETFs:
Equity-large cap	$	770,000	$	770,000	$	—	$	—
Equity-mid cap		374,000		374,000		—		—
Equity-small cap		453,000		453,000		—		—
Equity-international		560,000		560,000		—		—
Fixed income		8,798,000		8,798,000		—		—
Money market		485,000		485,000		—		—
Total mutual funds/ETFs	$	11,440,000	$	11,440,000	$	—	$	—

The fair values of our pension assets as of December 31, 2017 by asset category are as follows (refer to NOTE 9 — Fair Value Measurements for a description of Level 1, Level 2 and Level 3 categories):

Asset Category	Total		Level 1		Level 2		Level 3
Mutual funds/ETFs:
Equity-large cap	$	2,623,000	$	2,623,000	$	—	$	—
Equity-mid cap		1,022,000		1,022,000		—		—
Equity-small cap		1,200,000		1,200,000		—		—
Equity-international		1,651,000		1,651,000		—		—
Fixed income		2,520,000		2,520,000		—		—
Money market		1,283,000		1,283,000		—		—
Total mutual funds/ETFs	$	10,299,000	$	10,299,000	$	—	$	—

Schedule of estimated future benefit payments

2019	$	1,637,000
2020	$	557,000
2021	$	563,000
2022	$	568,000
2023	$	627,000
2024-2028	$	3,339,000