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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Schedule of obligation and funded status
The following table sets forth the obligation and funded status as of December 31, 2015 and 2014:
(In Thousands)
 
2015
 
2014
Change in benefit obligation:
 
 

 
 

Benefit obligation at beginning of year
 
$
23,450

 
$
18,186

Service cost
 

 
484

Interest cost
 
757

 
859

Actuarial gain
 
(144
)
 
277

Benefits paid
 
(639
)
 
(1,660
)
Curtailment gain
 
(3,155
)
 

Other, change in actuarial assumptions
 
(1,322
)
 
5,304

Benefit obligation at end of year
 
$
18,947

 
$
23,450

 
 
 
 
 
Change in plan assets:
 
 

 
 

Fair value of plan assets at beginning of year
 
$
13,906

 
$
14,258

Actual return on plan assets
 
25

 
487

Employer contribution
 
965

 
850

Benefits paid
 
(704
)
 
(1,736
)
Adjustment to fair value of plan assets
 
31

 
47

Fair value of plan assets at end of year
 
14,223

 
13,906

Funded status
 
$
(4,724
)
 
$
(9,544
)
 
 
 
 
 
Accounts recognized on balance sheet as:
 
 

 
 

Total liabilities
 
$
(4,724
)
 
$
(9,544
)
 
 
 
 
 
Amounts not yet recognized as a component of net periodic pension cost:
 
 

 
 

Amounts recognized in accumulated other comprehensive income (loss) consist of:
 
 

 
 

Net loss
 
$
6,267

 
$
6,965

Schedule of components of the net periodic benefit cost of the domestic non-contributory defined benefit plan
Components of Net Periodic Cost and Other Amounts Recognized in Other Comprehensive Income (loss) as of December 31, 2015, 2014, and 2013 are as follows:

(In Thousands)
 
2015
 
2014
 
2013
Net periodic pension cost:
 
 

 
 

 
 

Service cost
 
$
64

 
$
560

 
$
638

Interest cost
 
757

 
859

 
770

Expected return on plan assets
 
(983
)
 
(1,153
)
 
(985
)
Amortization of prior service cost
 

 

 
25

Amortization of unrecognized net loss
 
159

 
209

 
479

Net periodic benefit cost
 
$
(3
)
 
$
475

 
$
927

Schedule of weighted-average assumptions used to determine benefit obligations and net periodic cost
Weighted-average assumptions used to determine benefit obligations at December 31, 2015, 2014, and 2013
 
 
2015
 
2014
 
2013
Discount rate
4.17
%
 
3.83
%
 
4.75
%
Rate of compensation increase
N/A

 
3.00
%
 
3.00
%

Weighted-average assumptions used to determine net periodic cost for years ended December 31, 2015, 2014, and 2013:

 
2015
 
2014
 
2013
Discount rate
3.83
%
 
4.75
%
 
4.00
%
Expected long-term return on plan assets
7.00
%
 
8.00
%
 
8.00
%
Rate of compensation increase
N/A

 
3.00
%
 
3.00
%
Schedule of plan's weighted-average asset allocations by asset category

The Plan’s weighted-average asset allocations at December 31, 2015 and 2014 by asset category are as follows:

Asset Category
 
2015
 
2014
Cash
 
8.56
%
 
11.54
%
Fixed income securities
 
10.33
%
 
12.46
%
Equity
 
61.73
%
 
76.00
%
Inflation Hedges/Real Assets
 
5.03
%
 
%
Hedged Strategies
 
14.35
%
 
%
Total
 
100.00
%
 
100.00
%
Schedule setting forth by level, within the fair value hierarchy the Plan's assets at fair value
The following table sets forth by level, within the fair value hierarchy detailed in Note 21 - Fair Value Measurements, the Plan’s assets at fair value as of December 31, 2015 and 2014:

 
 
2015
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets:
 
 

 
 

 
 

 
 

Cash and cash equivalents
 
$
1,218

 
$

 
$

 
$
1,218

Mutual funds - taxable fixed income
 
1,467

 

 

 
1,467

Mutual funds - domestic equity
 
8,150

 

 

 
8,150

Mutual funds - international equity
 
631

 

 

 
631

Inflation Hedges/Real Assets
 
715

 

 

 
715

Hedged Strategies
 
2,042

 

 

 
2,042

Total assets at fair value
 
$
14,223

 
$

 
$

 
$
14,223


 
 
2014
(In Thousands)
 
Level I
 
Level II
 
Level III
 
Total
Assets:
 
 

 
 

 
 

 
 

Cash and cash equivalents
 
$
1,606

 
$

 
$

 
$
1,606

Mutual funds - taxable fixed income
 
1,732

 

 

 
1,732

Mutual funds - domestic equity
 
8,372

 

 

 
8,372

Mutual funds - international equity
 
2,196

 

 

 
2,196

Total assets at fair value
 
$
13,906

 
$

 
$

 
$
13,906

Schedule of future benefit payments that reflect expected future service, as appropriate, expected to be paid
The following future benefit payments that reflect expected future service, as appropriate, are expected to be paid:

(In Thousands)
 
2016
$
783

2017
799

2018
812

2019
848

2020
882

Thereafter
4,734

 
$
8,858