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Retirement Plans Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

The following tables provide the benefit obligations, fair value of assets and a statement of the funded status since the acquisition date (in thousands):



	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
Benefit obligations, at acquisition	$	37,443		$	4,298
Service cost	—			18
Interest cost	956			108
Benefits paid	(340		)	—
Actuarial gain	(3,703		)	(174		)
Benefit obligations as of December 31, 2016	$	34,356		$	4,250

Fair Value of Plan Assets, and Funded Status of Plan



	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
Plan assets, at acquisition	$	22,813		$	—
Actual return on Plan assets	1,722			—
Benefits paid	(340		)	—
Plan expenses	(121		)	—
Plan assets as of December 31, 2016	$	24,074		$	—

Funded status: Net liability as of December 31, 2016	$	(10,282	)	$	(4,250	)

Components of Net Benefit Costs (Income)

The following table provides the components of net periodic pension (benefit) cost for the plans for the period from acquisition date to December 31, 2016 (in thousands):



	Defined Benefit Pension Plan			Other Postretirement Benefit Plans
Components of net periodic pension (benefit) cost:
Service cost	$	—		$	18
Interest cost	956			108
Expected return on plan assets	(1,018		)	—
Actuarial gains	(4,286		)	(174		)

Net periodic (benefit) cost	$	(4,348	)	$	(48	)

Assumptions Used to Determine Net Periodic Cost and Benefit Obligations

The assumptions used in the measurements of the Company’s benefit obligations at December 31, 2016 for the plans are shown in the following table:

The assumptions used in the measurements of the Company’s net periodic benefit cost (income) for the consolidated statement of operations for the period from acquisition date through December 31, 2016 are:



	Defined Benefit Pension Plan		Other Postretirement Benefit Plans
Discount rate	4.15	%	4.11	%
Expected return on plan assets	6.75	%	—	%

Actual and Target Allocation for Plan Assets

The actual and target allocation for plan assets is broadly defined and measured as follows:



Asset Category	Actual Allocation		Target Allocation
Equity securities	76	%	65-75
Bond securities and cash equivalents	24	%	25-35
Total	100	%	100	%

Expected Future Pension Benefit Payments and Other Postretirement Benefit Plan Payments

The following estimated future pension benefit payments and other postretirement benefit plan payments which reflect expected future service, as appropriate, are expected to be paid in the years indicated (in thousands):



	Defined Benefit Pension Plan		Other Postretirement Benefit Plans
2017	$	684	$	187
2018	703		156
2019	752		160
2020	821		155
2021	924		170
Aggregate of next five years	6,409		925

Defined
Benefit
Pension Plan

Other
Postretirement
Benefit Plans

Discount rate