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BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Net Funded Status Summarized below is the funded status and the amounts recorded on the Company's consolidated balance sheets for all of the Company's Defined Benefit Plans at December 31, 2019 and 2018:
December 31,
20192018
Change in projected benefit obligation:
Projected benefit obligation at beginning of year$264,515  $299,066  
Interest cost9,227  9,248  
Actuarial gain(743) (9,894) 
Settlements/curtailments1,875  2,373  
Benefits paid(27,112) (36,278) 
Projected benefit obligation at end of year247,762  264,515  
Change in plan assets: 
Fair value of plan assets at beginning of year167,510  195,768  
Actual gain (loss) on plan assets, net15,892  (5,705) 
Employer contributions34,107  13,725  
Benefits paid(27,112) (36,278) 
Fair value of plan assets at end of year190,397  167,510  
Unfunded status at end of year$(57,365) $(97,005) 
Schedule of Amounts Recognized in Balance Sheet
The Company's net funded status relating to its Defined Benefit Plans at December 31, 2019 and 2018, is as follows:
December 31,  
20192018
Defined Benefit Plans$(57,365) $(97,005) 
Less: Current portion related to nonqualified plans175  211  
Long-term defined benefit plan obligations$(57,190) $(96,794) 
Schedule of Net Benefit Costs
Components of the benefit costs, recorded in other income (expense), net, for the Defined Benefit Plans for the years ended December 31, 2019, 2018 and 2017, is as follows:
Years Ended December 31,  
201920182017
Interest cost$9,227  $9,248  $11,786  
Expected return on plan assets, net(2,685) (987) (4,905) 
Curtailment loss—  —  3,137  
Amortization of actuarial loss (reclassified from accumulated other comprehensive loss)89  —  —  
Settlement loss (reclassified from accumulated other comprehensive loss) (a)
1,643  1,268  1,845  
Non-operating pension costs$8,274  $9,529  $11,863  
(a)As a result of benefit payments to terminated or retired individuals exceeding the service and interest costs for the Pension Plan and the Excess Cash Balance Pension Plan during the years ended December 31, 2019, 2018 and 2017, the Company recognized non-cash settlement losses that represent the acceleration of the recognition of a portion of the previously unrecognized actuarial losses recorded in accumulated other comprehensive loss on the Company’s consolidated balance sheets relating to these plans.
Schedule of Assumptions Used Weighted-average assumptions used to determine pension costs (made at the beginning of the year) and benefit obligations (made at the end of the year) for the Defined Benefit Plans are as follows:
 Benefit CostsBenefit Obligations at December 31,
 For the Year Ended December 31, 2019For the Year Ended December 31, 2018For the Year Ended December 31, 201720192018
Discount rate (a)3.70 %3.87 %3.69 %3.10 %4.20 %
Rate of increase in future compensation levels
— %— %— %— %— %
Expected rate of return on plan assets (Pension Plan only)
3.97 %3.67 %3.90 %N/AN/A
(a)The discount rates of 3.70%, 3.87% and 3.69% for the years ended December 31, 2019, 2018 and 2017, represent the average of the quarterly discount rates used to remeasure the Company's projected benefit obligation and benefit costs in connection with the recognition of settlement losses discussed above.
Schedule of Allocation of Plan Assets
The weighted average asset allocations of the Pension Plan at December 31, 2019 and 2018 were as follows:
Plan Assets at December 31,
20192018
Asset Class:
Mutual funds- fixed income28 %29 %
Common collective trust- equities27  —  
Fixed income securities44  65  
Cash equivalents and other1  6  
100 %100 %
Schedule of Expected Benefit Payments
The following benefit payments are expected to be paid during the periods indicated:
2020$16,500  
202116,023  
202216,349  
202318,209  
202417,706  
2025-202983,159  
Schedule of Changes in Fair Value of Plan Assets
The fair values of the assets of the Pension Plan at December 31, 2019 by asset class are as follows:
Asset ClassLevel ILevel IILevel IIITotal
Mutual funds- fixed income$52,976  $—  $—  $52,976  
Common collective trust- equities—  52,214  —  52,214  
Fixed income securities held in a portfolio:
Foreign issued corporate debt—  7,472  —  7,472  
U.S. corporate debt—  30,267  —  30,267  
Government debt—  2,836  —  2,836  
U.S. Treasury securities—  32,902  —  32,902  
Asset-backed securities—  9,375  —  9,375  
Other—  840  —  840  
Cash equivalents (a)2,188  3,278  —  5,466  
Total (b)
$55,164  $139,184  $—  $194,348  
(a)A significant portion represents an investment in a short-term investment fund that invests primarily in securities of high quality and low risk.
(b)Excludes cash and net receivables relating to the sale of securities that were not settled as of December 31, 2019.
The fair values of the assets of the Pension Plan at December 31, 2018 by asset class are as follows:
Asset ClassLevel ILevel IILevel IIITotal
Mutual funds- fixed income$49,140  $—  $—  $49,140  
Fixed income securities held in a portfolio:
Foreign issued corporate debt—  14,002  —  14,002  
U.S. corporate debt—  43,190  —  43,190  
Government debt—  3,988  —  3,988  
U.S. Treasury securities—  38,657  —  38,657  
Asset-backed securities—  8,907  —  8,907  
Other—  205  —  205  
Cash equivalents (a)4,343  3,187  —  7,530  
Total (b)
$53,483  $112,136  $—  $165,619  
(a)A significant portion represents an investment in a short-term investment fund that invests primarily in securities of high quality and low risk.
(b)Excludes cash and net payables relating to the purchase of securities that were not settled as of December 31, 2018.