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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Change in benefit obligation, plan assets funded status and net periodic pension cost (benefit) [Table Text Block]
The following table presents information regarding this plan (in thousands):
 
 
December 31,
 
 
2015
 
2014
Change in projected benefit obligation:
 
 
 
 
Projected benefit obligation at beginning of year
 
$
45,224

 
$
44,765

Interest cost
 
1,487

 
1,685

Actuarial loss (gain)
 
(2,702
)
 
2,878

Benefits paid
 
(5,212
)
 
(4,104
)
Projected benefit obligation at end of year1,2
 
$
38,797

 
$
45,224

Change in plan assets:
 
 
 
 

Plan assets at fair value at beginning of year
 
$
49,443

 
$
48,812

Actual return on plan assets
 
(41
)
 
4,735

Benefits paid
 
(5,212
)
 
(4,104
)
Plan assets at fair value at end of year
 
$
44,190

 
$
49,443

 
 
 
 
 
Funded status of the plan
 
$
5,393

 
$
4,219

Components of net periodic benefit costs:
 
 
 
 

Interest cost
 
$
1,487

 
$
1,685

Expected return on plan assets
 
(2,706
)
 
(2,539
)
Other
 
1,849

 
1,409

Net benefit cost
 
$
630

 
$
555


1 
Projected benefit obligation equals accumulated benefit obligation.
2 
Projected benefit obligation is based on January 1 measurement date.
Valuation assumptions used [Table Text Block]

Weighted-average assumptions as of December 31:
 
2015
 
2014
Discount rate
 
3.54
%
 
3.42
%
Expected return on plan assets
 
5.00
%
 
6.00
%
Expected future benefit payments [Table Text Block]
As of December 31, 2015, expected future benefit payments related to the Pension Plan were as follows (in thousands):
2016
$
3,620

2017
3,190

2018
3,376

2019
3,741

2020
3,196

Thereafter
31,995

 
$
49,118