EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2014

EMPLOYEE BENEFITS

Schedule of change in benefit obligation

(in thousands)
Benefit obligation at December 31, 2011 (As Restated)	$	20,830
Service cost	894
Interest cost	782
Amortization of loss	40
Payments	(706		)
Actuarial loss	1,174
Benefit obligation at December 31, 2012 (As Restated)	23,014
Service cost	556
Interest cost	713
Amortization of loss	121
Payments	(1,247		)
Actuarial gain	(1,551		)
Benefit obligation at December 31, 2013 (As Restated)	21,606
Service cost	518
Interest cost	807
Amortization of loss	—
Payments	(1,271		)
Actuarial loss	1,394
Benefit obligation at December 31, 2014	$	23,054
Unfunded status	$	23,054
Unamortized net (gain) loss	—
Net amount recognized	$	23,054
Amounts Recognized in the Consolidated Balance Sheet at December 31, 2014
Current: Accrued compensation related costs	$	1,799
Long-Term Liabilities: Other liabilities	21,255
Total accrued benefit obligation	$	23,054

Schedule of weighted average assumptions used to determine benefit obligation and net benefit cost

	2014		2013		2012
Discount rate	3.34	%	4.03	%	3.25	%
Average rate of increase in compensation	3.00	%	3.00	%	3.00	%

Schedule of Future payments under the Plan

(in thousands)
2015	$	1,847
2016	1,847
2017	1,847
2018	1,920
2019	1,920
Thereafter	13,673
Total	$	23,054