Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Components Of Net Benefit Expense

The components of net periodic (benefit) expense for the employee benefit plan is as follows (in thousands):

	Year Ended December 31,
	2016		2015		2014
Cost of 401(k) plan Company contributions	$	1,509	$	2,886	$	3,269

The components of net periodic (benefit) expense for the pension benefit plans are as follows (in thousands):

	Year Ended December 31,
	2016			2015			2014
Pension components of net benefit expense:
Interest cost on benefits obligation	$	2,185		$	2,193		$	2,181
Expected return on assets	(2,562		)	(2,655		)	(2,788		)
Net pension costs (income)	(377		)	(462		)	(607		)
Net loss amortization	893			843			506
Total amortization	893			843			506
Non-cash settlement charge	4,457			—			—
Net periodic cost (benefit) of defined benefit pension plans	$	4,973		$	381		$	(101	)

Weighted Average Assumptions Used In Determining Net Periodic Benefit Cost And Benefit Obligations

The weighted average assumptions used in determining the net periodic benefit cost and benefit obligations for the pension plans are shown below:

	Year Ended December 31,
	2016		2015		2014
Net periodic benefit cost:
Discount rate – qualified plan	4.14	%	3.82	%	4.70	%
Discount rate – nonqualified plan	3.87	%	3.59	%	4.30	%
Expected return on plan assets	6.75	%	7.25	%	7.25	%
Rate of compensation increase	N/A		N/A		N/A
Benefit obligations:
Discount rate – qualified plan	3.88	%	4.14	%	3.82	%
Discount rate – nonqualified plan	3.70	%	3.87	%	3.59	%
Rate of compensation increase – nonqualified plan	N/A		N/A		N/A
Rate of compensation increase – qualified plan	N/A		N/A		N/A

Schedule of Defined Benefit Plans Disclosures

The funded status of the defined benefit plans and amounts recognized in the consolidated balance sheets, measured as of December 31, 2016 and December 31, 2015 are as follows (in thousands):

	December 31,
	2016			2015
Change in projected benefit obligation:
Balance at beginning of year	$	56,939		$	58,819
Interest cost	2,185			2,193
Actuarial loss (gain)	(2,932		)	(2,077		)
Benefits paid	(2,092		)	(1,996		)
Settlement payments	(8,800		)	—
Balance at end of year	$	45,300		$	56,939
Change in fair value of plan assets:
Balance at beginning of year	$	39,369		$	39,826
Actual return on assets	1,904			(457		)
Benefits paid	(2,092		)	(1,996		)
Settlement payments	(8,800		)	—
Employer contributions	1,395			1,996
Fair value of plan assets at end of year	$	31,776		$	39,369
Funded status:
Excess of projected benefit obligation over the fair value of plan assets	$	(13,524	)	$	(17,570	)
Pension plan accumulated benefit obligation (“ABO”)	$	39,886		$	51,395
Supplemental pension plan ABO	5,414			5,544
Aggregate ABO	$	45,300		$	56,939

The following information is presented as of December 31, 2016 and 2015 (in thousands):

	2016			2015
Funded status, end of year:
Fair value of plan assets	$	31,776		$	39,369
Benefit obligations	(45,300		)	(56,939		)
Net pension liability	$	(13,524	)	$	(17,570	)
Pension liability recognized in the balance sheet consists of:
Current liability	$	(393	)	$	—
Non-current liability	(13,131		)	(17,570		)
Total	$	(13,524	)	$	(17,570	)
Amounts recognized in accumulated other comprehensive income consist of:
Net losses	$	21,640		$	29,263
Estimated future pension expense to be recognized in other comprehensive income (loss):	2017
Amortization of net losses	$	594

Change In Projected Benefit Obligation

	December 31,
	2016			2015
Change in projected benefit obligation:
Balance at beginning of year	$	56,939		$	58,819
Interest cost	2,185			2,193
Actuarial loss (gain)	(2,932		)	(2,077		)
Benefits paid	(2,092		)	(1,996		)
Settlement	(8,800		)	—
Balance at end of year	$	45,300		$	56,939

Change In Fair Value Of Plan Assets

Change in fair value of plan assets:
Balance at beginning of year	$	39,369		$	39,826
Actual return on assets	1,904			(457		)
Benefits paid	(2,092		)	(1,996		)
Settlement	(8,800		)	—
Employer contributions	1,395			1,996
Fair value of plan assets at end of year	$	31,776		$	39,370

Funded Status

Funded status:
Excess of projected benefit obligation over the fair value of plan assets	$	(13,524	)	$	(17,570	)
Pension plan accumulated benefit obligation (“ABO”)	$	39,886		$	51,395
Supplemental pension plan ABO	5,414			5,544
Aggregate ABO	$	45,300		$	56,939

Funded Status, End Of Year

	2016			2015
Funded status, end of year:
Fair value of plan assets	$	31,776		$	39,369
Benefit obligations	(45,300		)	(56,939		)
Net Pension Liability	$	(13,524	)	$	(17,570	)

Pension Liability Recognized In The Balance Sheet

Pension Liability recognized in the balance sheet consists of:
Noncurrent asset	$	(393	)	$	0
Noncurrent liability	(13,131		)	(17,570		)
Total	(13,524		)	(17,570		)

Amounts Recognized In Accumulated Other Comprehensive Income

Amounts recognized in accumulated other comprehensive income consist of:
Net losses	$	21,640	$	29,263
Prior service cost	0		0
Total	21,640		29,263

Estimated Pension Expense To Be Recognized In Other Comprehensive Income In The Next Year

Estimated pension expense to be recognized in other comprehensive income in 2015 consists of:
Amortization of net losses	594
Prior service cost	0
Total	$	594

Expected Benefit Payments

	2017		2018		2019		2020		2021		2022-2025
Expected benefit payments	$	2,335	$	2,397	$	2,467	$	2,560	$	2,661	$	13,897

Fair Values Of Pension Plan Assets

The fair values of the Company’s pension plan assets at December 31, 2016 and 2015, utilizing the fair value hierarchy are as follows (in thousands):

	December 31, 2016		December 31, 2015
	Level 1		Level 1
Cash Equivalents:
Money Market Funds	$	—	$	197
Mutual Funds:
Bond Funds	1,721		10,928
Large Cap Funds	15,117		14,369
International Funds	5,967		5,994
Small Cap Funds	2,960		2,489
Blended Funds	2,185		1,998
Mid Cap Funds	3,826		3,394
Total Fair Value	$	31,776	$	39,369