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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract]  
Summary of Pension Benefit Obligation

A summary of the pension benefit obligation as of the year ended December 31, 2015 is set forth in the below tables (in thousands):

 

 

 

2015

 

Change in benefit obligation

 

 

 

 

Benefit obligation at beginning of year

 

$

6,800

 

Service cost

 

 

 

Interest cost

 

 

239

 

Gain on reduction of pension liability

 

 

 

Actuarial (gain) loss

 

 

(775

)

Benefits paid

 

 

(6,264

)

Benefit obligation at end of period

 

$

 

Change in plan assets

 

 

 

 

Fair value of plan assets at beginning of year

 

$

5,479

 

Actual return on plan assets

 

 

14

 

Employer contributions

 

 

771

 

Benefit paid

 

 

(6,264

)

Fair value of plan assets at end of period

 

$

 

 

Schedule of Defined Benefit Plan in Accumulated Other Comprehensive Income

 

 

2015

 

 

 

 

Beginning amount recorded in other accumulated

   comprehensive income (loss)

 

$

(548

)

Amounts recorded in accumulated other

   comprehensive income (loss) consist of:

 

 

 

 

Pension obligation adjustment, net of tax

 

 

548

 

Total recorded in accumulated other comprehensive

   income

 

$

 

 

Components of Net Periodic Benefit Cost

 

 

 

For the Year Ended December 31,

 

 

 

2015

 

 

2014

 

Components of net periodic benefit cost

   (in thousands)

 

 

 

 

 

 

 

 

Service cost

 

$

 

 

$

70

 

Interest cost

 

 

239

 

 

 

335

 

Expected return on plan assets

 

 

(246

)

 

 

(448

)

Amortization of transition obligation

 

 

 

 

 

70

 

Amortization of net (gain) loss

 

 

42

 

 

 

29

 

Effect of settlement

 

 

224

 

 

 

 

Net period benefit cost

 

$

259

 

 

$

56