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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2016
EMPLOYEE BENEFIT PLANS  
Schedule of assumptions used in the measurement of the entity's benefit obligations

 

 

 

 

 

 

 

    

2016

    

2015

 

 

 

 

 

 

 

Discount Rate

 

4.50

%  

5.00

%

Expected Return on Plan Assets

 

6.25

%  

6.25

%

Rate of Compensation Increase

 

4.73

%  

4.73

%

 

Schedule of expected pension benefit payments

The following schedule reflects the expected pension benefit payments during each of the next five years and the aggregate for the following five years (in thousands):

 

 

 

 

 

 

 

    

Expected 

 

 

    

Benefit 

 

 

 

Payments

 

 

 

 

 

 

2017

 

$

54

 

2018

 

 

54

 

2019

 

 

54

 

2020

 

 

54

 

2021

 

 

54

 

2022-2026

 

 

243

 

 

 

 

 

 

Total

 

$

513

 

 

Components of Net Periodic Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service Cost

 

$

 

$

 

$

 

Interest Cost

 

 

34

 

 

37

 

 

36

 

Expected Return on Plan Assets

 

 

(48)

 

 

(44)

 

 

(48)

 

Amortization of Net (Gain) Loss

 

 

5

 

 

11

 

 

25

 

Net Periodic Pension Cost

 

$

(9)

 

$

4

 

$

13

 

 

Schedule Of Funded Status And Amount Recognized In Balance Sheet And Accumulated Other Comprehensive Income

 

    

December 31, 

    

December 31, 

 

 

 

2016

 

2015

 

 

 

 

 

 

 

 

 

Change in Benefit Obligation

 

 

 

 

 

 

 

Obligation at the Beginning of the Period

 

$

775

 

$

748

 

Service Cost

 

 

 

 

 

Interest Cost

 

 

37

 

 

36

 

Actuarial (Gain) Loss

 

 

15

 

 

45

 

Benefits Paid

 

 

(55)

 

 

(54)

 

 

 

 

 

 

 

 

 

Obligation at the End of the Period

 

$

772

 

$

775

 

 

 

 

 

 

 

 

 

Change in Plan Assets

 

 

 

 

 

 

 

Fair Value at the Beginning of the Period

 

$

727

 

$

777

 

Actual Returns on Plan Assets

 

 

       107

 

 

(21)

 

Employer Contributions

 

 

12

 

 

25

 

Benefits Paid

 

 

(55)

 

 

(54)

 

 

 

 

 

 

 

 

 

Fair Value at the End of the Period

 

$

791

 

$

727

 

 

 

 

 

 

 

 

 

Funded Status

 

 

 

 

 

 

 

Funded Status as of Period Ended

 

$

     19

 

$

(48)

 

 

 

 

 

 

 

 

 

Net Amount Recognized

 

$

      —

 

$

       (48)

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31, 

 

 

 

2016

 

2015

 

 

 

 

 

 

 

 

 

Amounts Recognized in the Balance Sheets

 

 

 

 

 

 

 

Noncurrent Assets

 

$

 

$

 

Current Liabilities

 

 

 

 

 

Noncurrent Liabilities

 

 

        —

 

 

(48)

 

 

 

 

 

 

 

 

 

Net Amount Recognized

 

$

       —

 

$

(48)

 

 

 

 

 

 

 

 

 

Accumulated Gain (Loss) Recognized in Accumulated Other Comprehensive Income

 

 

 

 

 

 

 

Accumulated Gain (Loss) Beginning of the Period

 

$

(48)

 

$

 —

 

Recognized in Periodic Cost

 

 

 

 

 —

 

Amount Arising During the Period

 

 

          48

 

 

(48)

 

 

 

 

 

 

 

 

 

Accumulated Gain (Loss) End of the Period

 

$

        0

 

$

(48)