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Retirement Fund and Profit Sharing Plan (Tables)
 12 Months Ended
Dec. 31, 2014
Retirement Fund and Profit Sharing Plan [Abstract]  
Net periodic benefit cost related to the SERP
The net periodic benefit cost related to the SERP consisted of the following components during the years ended December 31, 2014, 2013 and 2012:


  
2014
  
2013
  
2012
 
       
Service Cost
 
$
542
  
$
556
  
$
438
 
Interest Cost
  
541
   
448
   
417
 
Net amortization
  
182
   
307
   
230
 
   Net periodic benefit cost
 
$
1,265
  
$
1,311
  
$
1,085
 
Information about changes in plan assets and benefit obligation, the funded status
Summarized information about the changes in plan assets and benefit obligation, the funded status and the amounts recorded at December 31, 2014 and 2013 are as follows:
 
 
 
2014
  
2013
 
Fair value of plan assets, January 1
 
$
-
  
$
-
 
Company contributions
  
16
   
-
 
Benefits paid
  
(16
)
  
-
 
Fair value of plan assets, December 31
 
$
-
  
$
-
 
Benefit obligation, January 1
  
10,830
   
11,045
 
Service cost
  
542
   
556
 
Interest cost
  
541
   
448
 
Plan amendments
  
-
   
502
 
Benefits paid
  
(16
)
  
-
 
Actuarial (gains) losses
  
2,308
   
(1,721
)
Benefit obligation, December 31
 
$
14,205
  
$
10,830
 
Underfunded status, December 31
 
$
(14,205
)
 
$
(10,830
)
 
Expected benefit payments
The following benefit payments, which reflect expected future service, are expected to be paid:
 
Years Ending
  
December 31,
  
  
2015
 
$
63
 
2016
  
267
 
2017
  
267
 
2018
  
267
 
2019
  
477
 
2020 - 2024
  
3,876
 
      
Gross amounts recognized in accumulated other comprehensive loss, net of tax
The following gross amounts are recognized net of tax in accumulated other comprehensive loss:


  
2014
  
2013
 
Prior service cost
 
$
1,048
  
$
1,230
 
Net loss
  
3,302
   
1,004
 
  
$
4,350
  
$
2,234
 
 
Weighted average assumptions used in determining the periodic net cost and benefit obligation related to SERP
The weighted average assumptions used in determining the periodic net cost and benefit obligation information related to the SERP are as follows:
 
 
 
2014
  
2013
  
2012
 
Net periodic benefit cost
 
  
  
 
Discount rate
  
5.00
%
  
4.00
%
  
4.50
%
Rate of compensation increase
  
3.00
%
  
3.00
%
  
3.00
%
Benefit obligation
            
Discount rate
  
4.00
%
  
5.00
%
  
4.00
%
Rate of compensation increase
  
3.00
%
  
3.00
%
  
3.00
%