Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations

The following table summarizes the balance sheet impact, including benefit obligations, assets and funded status associated with the RELS Pension, SERPs and Restoration plans as of December 31, 2015 and 2014:

(in thousands)	2015			2014
Change in projected benefit obligation:
Benefit obligation at beginning of period	$	32,259		$	27,059
Addition of RELS	31,308			—
Service costs	161			282
Interest costs	1,205			1,233
Actuarial (gains)/losses	(1,797		)	5,564
Benefits paid	(1,880		)	(1,879		)
Projected benefit obligation at end of period	$	61,256		$	32,259
Change in plan assets:
Plan assets at fair value at beginning of period	$	—		$	—
Addition of RELS	21,175			—
Company contributions	1,880			1,879
Benefits paid	(1,880		)	(1,879		)
Plan assets at fair value at end of the period	21,175			—
Reconciliation of funded status:
Unfunded status of the plans	$	(40,081	)	$	(32,259	)
Amounts recognized in the consolidated balance sheet consist of:
Accrued benefit liability	$	(61,256	)	$	(32,259	)
Pension plan asset	$	21,175		$	—
	$	(40,081	)	$	(32,259	)
Amounts recognized in accumulated other comprehensive income/(loss):
Unrecognized net actuarial loss	$	11,363		$	13,685
Unrecognized prior service credit	(5,631		)	(6,775		)
	$	5,732		$	6,910

Schedule of Net Periodic Pension Costs

The net periodic pension cost for the years ended December 31, 2015, 2014 and 2013, for the RELS Pension plan, SERPs, and Restoration plan includes the following components:

(in thousands)	2015			2014			2013
Expenses:
Service costs	$	161		$	282		$	637
Interest costs	1,205			1,231			1,293
Expected return on plan assets	—			—			(57		)
Amortization of net (gain)/loss	(620		)	(424		)	179
Net periodic benefit cost	$	746		$	1,089		$	2,052

Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations

Weighted-average discount rate used to determine costs for the plans were as follows:

	2015		2014		2013
RELS Pension Plan	4.09	%	N/A		N/A
SERP Plans	3.85	%	4.72	%	3.89	%
Restoration Plan	3.98	%	4.82	%	4.02	%

Weighted-average actuarial assumptions used to determine benefit obligations for the plans were as follows:

	2015		2014
RELS Pension Plan
Discount rate	4.44	%	N/A
Salary increase rate	N/A		N/A
SERP Plans
Discount rate	4.20	%	3.85	%
Salary increase rate	N/A		N/A
Restoration Plan
Discount rate	4.32	%	3.98	%

Schedule of Net Funded Status

The following table provides the funded status in the defined RELS Pension, Restoration and SERPs as of December 31, 2015, 2014 and 2013:

(in thousands)	2015		2014		2013
Projected benefit obligation	$	61,256	$	32,259	$	27,059
Accumulated benefit obligation	$	61,256	$	32,259	$	27,059
Plan assets at fair value at end of year	$	21,175	$	—	$	—

Schedule of Expected Benefit Payments

The following benefit payments for all plans, which reflect expected future turnover, as appropriate, are expected to be paid as follows:

(in thousands)
2016	$	2,051
2017	2,089
2018	2,120
2019	2,135
2020	2,162
2021-2025	13,816
	$	24,373