Pension Plan (Tables)

The following table shows the reconciliation of the defined benefit pension plan as of December 31, 2017 and 2016:

	2017			2016
	(000s)
Change in plan assets:
Fair value of plan assets at beginning of year	$	109,677		$	106,839
Actual return (loss) on plan assets		15,533			8,858
Benefits paid		(5,846	)		(5,651	)
Administrative expenses		(697	)		(369	)
Fair value of plan assets at end of year	$	118,667		$	109,677
Change in benefit obligation:
Benefit obligation at beginning of year	$	110,949		$	118,180
Service cost		721			926
Interest cost		4,465			4,997
Benefits paid		(5,846	)		(5,651	)
Actuarial (gain) loss		5,767			(7,503	)
Benefit obligation at end of year	$	116,056		$	110,949
Amounts recognized in the Consolidated Balance Sheet:
Other non-current assets		2,611
Other non-current liabilities					1,272
Total amounts recognized at end of year	$	2,611		$	1,272

	2017			2016			2015
	(000s)
Components of net periodic cost (benefit)
Service cost	$	721		$	926		$	1,051
Interest cost		4,465			4,997			4,912
Expected return on plan assets		(5,862	)		(5,708	)		(6,254	)
Amortization of actuarial loss		863			3,072			3,164
Net periodic cost	$	187		$	3,287		$	2,873

	2017	2016
Measurement Dates
Benefit obligations	12/31/2017	12/31/2016
Fair value of plan assets	12/31/2017	12/31/2016

	2017			2016
Weighted average assumptions as of December 31
Discount rate		3.60	%		4.14	%
Rate of compensation increase		4.00	%		4.00	%

	2017			2016			2015
Weighted-average assumptions for net periodic benefit cost calculations
Discount rate		4.14	%		4.34	%		3.95	%
Expected long-term rate of return on plan assets		5.50	%		5.50	%		5.50	%
Rate of compensation increase		4.00	%		4.00	%		4.00	%

The market values of our pension plan assets at December 31, 2017 and December 31, 2016, reported using net asset value as a practical expedient, by asset category are as follows:

	2017		2016
Equities:
U.S. Large Cap	$	9,393	$	8,547
U.S. Mid Cap		2,937		2,651
U.S. Small Cap		3,005		2,669
International Developed		7,213		6,534
Emerging Markets		4,792		4,360
Fixed income:
Core Fixed Income		25,915		23,719
Long Duration Fixed Income		62,522		58,312
Real Estate:
REIT Fund		2,370		2,216
Cash/Currency:
Cash Equivalents		520		669
Total market value	$	118,667	$	109,677

There will be benefit payments under this plan beyond 2027.

Estimated Future Benefit Payments (000s)
2018	$	6,376
2019		6,578
2020		6,705
2021		6,789
2022		6,841
2023-2027		34,230
Total	$	67,519

	2017			2016
Plan Assets
Asset Category
Equity securities		23	%		23	%
Fixed income securities		75	%		75	%
Other		2	%		2	%
Total		100	%		100	%

The following asset allocation policy and ranges have been established in accordance with the overall risk and return objectives of the portfolio:

	As of 12/31/2017			Permitted Range
Total Equity		23	%	10-30%
Total Fixed Income		75	%	70-90%
Other		2	%	0-10%