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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of reconciliation of the projected benefit obligation, plan assets and funded status of the pension plan
The following table provides a reconciliation of the projected benefit obligation, plan assets and funded status of the pension plan at December 31,:

 
2014
 
2013
 
 
 
 
Accumulated Benefit Obligation
$
91,107

 
$
75,946

 
 
 
 
Change in benefit obligation
 

 
 

Projected benefit obligation at beginning of year
$
75,946

 
$
85,363

Service cost
271

 
253

Interest cost
3,465

 
3,315

Actuarial (gain) loss
16,546

 
(8,082
)
Benefits paid
(1,414
)
 
(1,250
)
Settlement
(3,707
)
 
(3,653
)
Projected benefit obligation at end of year
$
91,107

 
$
75,946

 
 
 
 
Change in plan assets
 

 
 

Fair value of plan assets at beginning of year
$
76,442

 
$
62,763

Actual gain on plan assets
2,110

 
11,082

Employer contributions
—

 
7,500

Benefits paid
(1,414
)
 
(1,250
)
Settlement
(3,707
)
 
(3,653
)
Fair value of plan assets at end of year
$
73,431

 
$
76,442

 
 
 
 
Funded status
$
(17,676
)
 
$
496
Schedule of amounts recognized in the consolidated balance sheets
Amounts recognized in the consolidated balance sheets consist of the following at December 31,:

 
2014
 
2013
 
 
 
 
Other assets/(Other long-term liabilities)
$
(17,676
)
 
$
496

Accumulated other comprehensive loss
(48,782
)
 
(30,001
)
Schedule of actuarial assumptions used
The following actuarial assumptions were used to determine our accumulated and projected benefit obligations as of December 31,:

 
2014
 
2013
 
 
 
 
Discount rate
3.81
%
 
4.75
%
Expected return on plan assets
8.00
%
 
8.00
%
The following actuarial assumptions were used to determine our net periodic pension benefit cost for the years ended December 31,:

 
2014
 
2013
 
2012
 
 
 
 
 
 
Discount rate
4.75
%
 
3.90
%
 
4.30
%
Expected return on plan assets
8.00
%
 
8.00
%
 
8.00
%
 
Schedule of plan assets and benefit obligations recognized in other comprehensive income
Other changes in plan assets and benefit obligations recognized in other comprehensive income in 2014 are as follows:
 
Current year actuarial loss
$
(16,733
)
Amortization of actuarial loss
(2,048
)
Total recognized in other comprehensive loss
$
(18,781
)
Schedule of net benefit cost
Net periodic pension cost for the years ended December 31, consists of the following:

 
2014
 
2013
 
2012
 
 
 
 
 
 
Service cost
$
271

 
$
253

 
$
277

Interest cost on projected benefit obligation
3,465

 
3,315

 
3,429

Expected return on plan assets
(2,297
)
 
(5,491
)
 
(4,566
)
Amortization of loss
(2,048
)
 
3,059

 
2,876

Settlement expense
—

 
1,443

 
—

Net periodic pension (income) cost
$
(609
)
 
$
2,579

 
$
2,016
Schedule of allocation of plan assets
The following table sets forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2014 and December 31, 2013:
December 31, 2014
Level 1
 
Level 2
 
Total
 
 
 
 
 
 
Common Stock
$
35,337

 
$
—

 
$
35,337

Money Market Fund
—

 
3,320

 
3,320

Mutual Funds
26,671

 
—

 
26,671

Fixed Income Securities
8,103

 
—

 
8,103

 
$
70,111

 
$
3,320

 
$
73,431


December 31, 2013
Level 1
 
Level 2
 
Total
 
 
 
 
 
 
Common Stock
$
31,412

 
$
—

 
$
31,412

Money Market Fund
—

 
7,018

 
7,018

Mutual Funds
28,726

 
—

 
28,726

Fixed Income Securities
9,286

 
—

 
9,286

 
$
69,424

 
$
7,018

 
$
76,442


The following table sets forth the fair value of Plan assets as of December 31,:

 
2014
 
2013
 
 
 
 
Common Stock
$
35,337

 
$
31,412

Money Market Fund
3,320

 
7,018

Mutual Funds
26,671

 
28,726

Fixed Income Securities
8,103

 
9,286

Total Assets at Fair Value
$
73,431

 
$
76,442

The allocation of pension plan assets by category is as follows at December 31,:

 
Percentage of Pension
Plan Assets
 
Target
Allocation
 
2014
 
2013
 
2015
 
 
 
 
 
 
Equity securities
84
%
 
79
%
 
75
%
Debt securities
16

 
21

 
25

Total
100
%
 
100
%
 
100
%
Schedule of expected benefit payments

The following table summarizes the benefits expected to be paid by our pension plan in each of the next five years and in aggregate for the following five years. The expected benefit payments are estimated based on the same assumptions used to measure the Company’s projected benefit obligation at December 31, 2014 and reflect the impact of expected future employee service.
 
2015

$4,875

2016
2,892

2017
3,174

2018
3,589

2019
3,827

2020-2024
23,710