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RETIREMENT BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2014
RETIREMENT BENEFIT PLANS [Abstract]  
Schedule of fair value and allocation of pension plan assets
The fair value and allocation of pension plan assets is as follows (amounts in thousands):

  
December 31,
 
  
2014
  
2013
 
  
Plan Assets
  
Plan Assets
 
Asset Category
 
Fair Value
  
Percentage
  
Fair Value
  
Percentage
 
         
         
Equity Securities
 
$
754
   
66
%
 
$
670
   
63
%
Fixed Income Securities
  
266
   
23
%
  
272
   
25
%
Money Market
  
116
   
10
%
  
113
   
11
%
Other
  
6
   
1
%
  
14
   
1
%
  
$
1,142
   
100
%
 
$
1,069
   
100
%
 
Schedule of funded status of the Company's pension and postretirement benefit Plans
The following table presents the funded status of the Company’s pension and postretirement benefit plans for the years ended December 31, 2014 and 2013:

  
Pension Benefits
  
Other Benefits
 
  
2014
  
2013
  
2014
  
2013
 
    
(Amounts in Thousands)
   
Change in projected benefit obligation:
       
Projected benefit obligation at beginning of year
 
$
1,422
  
$
1,454
  
$
997
  
$
2,769
 
Interest cost
  
59
   
56
   
49
   
41
 
Actuarial (gain) loss
  
172
   
(58
)
  
448
   
(1,598
)
Benefits paid
  
(59
)
  
(30
)
  
(194
)
  
(215
)
Projected benefit obligation at end of year
 
$
1,594
  
$
1,422
  
$
1,300
  
$
997
 
                 
Change in plan assets:
                
Fair value of plan assets at beginning of year
 
$
1,069
  
$
941
  
$
-
  
$
-
 
Actuarial return on plan assets
  
70
   
100
   
-
   
-
 
Employer contributions
  
62
   
58
   
194
   
215
 
Benefits paid
  
(59
)
  
(30
)
  
(194
)
  
(215
)
Fair value of plan assets at end of year
 
$
1,142
  
$
1,069
  
$
-
  
$
-
 
                 
Funded status at end of year
 
$
(452
)
 
$
(353
)
 
$
(1,300
)
 
$
(997
)
                 
Amounts recognized in Consolidated Balance Sheets:
                
Other non-current assets
 
$
(32
)
 
$
(46
)
 
$
-
  
$
-
 
Accrued expenses
  
-
   
-
   
187
   
146
 
Other liabilities
  
483
   
399
   
1,113
   
851
 
Total
 
$
451
  
$
353
  
$
1,300
  
$
997
 
 
Schedule of Accumulated and Projected Benefit Obligations

The following table lists the projected benefit obligation (“PBO”), accumulated benefit obligation (“ABO”) and fair value of plan assets for the pension plans with PBOs and ABOs in excess of plan assets at December 31, 2014 and 2013 (amounts in thousands):

  
2014
  
2013
 
  
Projected benefit obligation exceeds plan assets
  
Accumulated benefit obligation exceeds plan assets
  
Projected benefit obligation exceeds plan assets
  
Accumulated benefit obligation exceeds plan assets
 
         
Projected benefit obligation
 
$
1,594
  
$
1,594
  
$
1,261
  
$
1,261
 
Accumulated benefit obligation
 
$
1,594
  
$
1,594
  
$
1,261
  
$
1,261
 
Fair value of plan assets
 
$
1,143
  
$
1,143
  
$
863
  
$
863
 
 
Schedule of the assumptions used to determine the Company's benefit obligations
The following table presents the assumptions used to determine the Company’s benefit obligations at December 31, 2014 and 2013 along with sensitivity of the Company’s plans to potential changes in certain key assumptions (dollars in thousands):

  
Pension Benefits
  
Other Benefits
 
  
2014
  
2013
  
2014
  
2013
 
Assumptions as of December 31:
        
Discount rates
  
4.25
%
  
4.25
%
  
4.25
%
  
4.00
%
Expected long-term return rate on assets
  
5.75
%
  
5.75
%
  
N/A
 
  
N/A
 
Assumed rates of compensation increases
  
N/A
  
N/A
 
  
N/A
 
  
N/A
 
Medical trend rate pre-65 (initial)
  
N/A
 
  
N/A
 
  
8.00
%
  
8.00
%
Medical trend rate post-65 (initial)
  
N/A
 
  
N/A
 
  
7.50
%
  
7.50
%
Medical trend rate (ultimate)
  
N/A
 
  
N/A
 
  
5.00
%
  
5.00
%
Years to ultimate rate pre-65
  
N/A
 
  
N/A
 
  
8
   
8
 
Years to ultimate rate post-65
  
N/A
 
  
N/A
 
  
8
   
8
 

Impact of one-percent increase in medical trend rate:
    
Increase in accumulated postretirement benefit obligation
 
$
73
  
$
58
 
Increase in service cost and interest cost
 
$
2
  
$
2
 
         
Impact of one-percent decrease in medical trend rate:
        
Decrease in accumulated postretirement benefit obligation
 
$
66
  
$
53
 
Decrease in service cost and interest cost
 
$
2
  
$
2
 
Schedule of Net Periodic Benefit Cost
The following table presents components of the net periodic benefit cost for the Company’s pension and postretirement benefit plans during 2014 and 2013 (amounts in thousands):

  
Pension Benefits
  
Other Benefits
 
  
2014
  
2013
  
2014
  
2013
 
         
Interest cost
 
$
59
  
$
56
  
$
49
  
$
41
 
Expected return on plan assets
  
(63
)
  
(55
)
  
-
   
-
 
Amortization of net loss (gain)
  
40
   
48
   
26
   
(23
)
Net periodic benefit cost
 
$
36
  
$
49
  
$
75
  
$
18
 
 
Schedule of estimated future benefit payments
The following table presents estimated future benefit payments (amounts in thousands):

  
Pension Benefits
  
Other Benefits
 
     
2015
 
$
44
  
$
187
 
2016
  
339
   
154
 
2017
  
40
   
139
 
2018
  
88
   
132
 
2019
  
265
   
125
 
Thereafter
  
315
   
481
 
  
$
1,091
  
$
1,218