Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Employee Benefits

Schedule of Change in Benefit Obligation

Change in Benefit Obligation
(in thousands)
Benefit obligation as of December 31, 2016	$	21,304
Service cost		340
Interest cost		711
Payments		(1,913)
Actuarial loss		351
Benefit obligation as of December 31, 2017		20,793
Service cost		367
Interest cost		600
Payments		(1,913)
Actuarial gain		(920)
Benefit obligation at December 31, 2018		18,927
Service cost		335
Interest cost		658
Payments		(1,913)
Actuarial loss		1,207
Benefit obligation as of December 31, 2019	$	19,214

Schedule of funded status of the DB SERP's net benefit obligation

	December 31,
(in thousands)	2019		2018
Unfunded status	$	15,950	$	16,740
Unamortized net loss		3,264		2,187
Net amount recognized	$	19,214	$	18,927

Schedule of Amounts Recognized in the Consolidated Balance Sheets

	December 31,
(in thousands)	2019		2018
Current accrued expenses and other current liabilities	$	1,913	$	1,913
Non-current other liabilities		17,301		17,014
Total accrued liabilities	$	19,214	$	18,927

Schedule of weighted average assumptions were used to determine the benefit obligation

	2019		2018		2017
Discount rate	2.9	%	4.0	%	3.3	%
Average rate of increase in compensation	2.5	%	3.0	%	3.0	%

Schedule of future payments under the Plan

(in thousands)
2020	$	1,913
2021		1,913
2022		1,913
2023		1,913
2024		1,913
Thereafter		9,649
	$	19,214