XML 60 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
PENSION, PROFIT SHARING, AND OTHER EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2018
Pension, Profit Sharing, and Other Employee Benefit Plans [Abstract]  
The Plan's Funded Status
(In thousands)20182017
Reconciliation of Projected Benefit Obligation:
Projected obligation at January 1$43,441$40,783
Interest cost1,5401,640
Actuarial gain(593)(32)
Benefit payments(1,188)(1,945)
Increase related to change in assumptions(3,048)2,995
Projected obligation at December 3140,15243,441
Reconciliation of Fair Value of Plan Assets:
Fair value of plan assets at January 141,24636,020
Actual return on plan assets (2,646)4,971
Contribution3602,200
Benefit payments (1,188)(1,945)
Fair value of plan assets at December 3137,77241,246
Funded status at December 31$(2,380)$(2,195)
Accumulated benefit obligation at December 31$40,152$43,441
Unrecognized net actuarial loss$12,352$12,487
Net periodic pension cost not yet recognized$12,352$12,487
Weighted-Average Assumptions Used To Determine Benefit Obligations
201820172016
Discount rate4.15%3.65%4.15%
Rate of compensation increaseN/AN/AN/A
Net Periodic Benefit Cost
(In thousands)201820172016
Interest cost on projected benefit obligation$1,540$1,640$1,657
Expected return on plan assets(1,861)(1,985)(1,614)
Recognized net actuarial loss1,0001,1811,164
Net periodic benefit cost$679$836$1,207
Weighted-Average Assumptions Used To Determine Net Periodic Benefit Cost
201820172016
Discount rate3.65%4.15%4.26%
Expected return on plan assets5.00%6.00%5.00%
Rate of compensation increaseN/AN/AN/A
Components Of Net Unrecognized Benefits Costs That Is Reflected In Accumulated Other Comprehensive Income (Loss)
Unrecognized
Net
(In thousands)Loss
Included in accumulated other comprehensive loss at January 1, 2016$13,038
Additions during the year1,108
Reclassifications due to recognition as net periodic pension cost(1,164)
Increase related to change in assumptions707
Included in accumulated other comprehensive loss as of December 31, 201613,689
Reductions during the year(3,016)
Reclassifications due to recognition as net periodic pension cost(1,181)
Increase related to change in assumptions2,995
Included in accumulated other comprehensive loss as of December 31, 201712,487
Additions during the year3,914
Reclassifications due to recognition as net periodic pension cost(1,000)
Decrease related to change in assumptions(3,049)
Included in accumulated other comprehensive loss as of December 31, 201812,352
Applicable tax effect(3,228)
Included in accumulated other comprehensive loss net of tax effect at December 31, 2018$9,124
Amount expected to be recognized as part of net periodic pension cost in the next fiscal year$1,021
Component of Net Periodic Benefit
(In thousands)201820172016
Net actuarial loss $12,352$12,487$13,689
Net periodic benefit cost not yet recognized$12,352$12,487$13,689
Pension Plan Weighted Average Allocations
20182017
Asset Category:
Equity Securities Mutual Funds13.515.6
Fixed Income Mutual Funds86.584.4
Total pension plan assets100.0%100.0%
Fair Values Of Pension Plan Assets By Asset Category
2018
Quoted Prices inSignificant OtherSignificant
Active Markets forObservable Unobservable
Identical AssetsInputsInputs
(In thousands)(Level 1)(Level 2)(Level 3)Total
Asset Category:
Mutual funds:
Large cap U.S. equity funds$1,366$1,720$-$3,086
Small/Mid cap U.S. equity funds-646-646
International equity funds1,368--1,368
Short-term fixed income funds-1,186-1,186
Fixed income funds4,40327,083-31,486
Total mutual funds7,13730,635-37,772
Total pension plan assets$7,137$30,635$-$37,772

2017
Quoted Prices inSignificant OtherSignificant
Active Markets forObservable Unobservable
Identical AssetsInputsInputs
(In thousands)(Level 1)(Level 2)(Level 3)Total
Asset Category:
Mutual funds:
Large cap U.S. equity funds$1,299$1,309$-$2,608
Small/Mid cap U.S. equity funds-867-867
International equity funds2,980--2,980
Short-term fixed income funds-1,220-1,220
Fixed income funds4,57428,997-33,571
Total mutual funds8,85332,393-41,246
Total pension plan assets$8,853$32,393$-$41,246
Benefit Payments
Pension
(In thousands)Benefits
2019$2,760
20201,760
20212,570
20222,360
20232,320
2024 - 202813,730