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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Cost Not yet Recognized
Net periodic pension cost consists of the following components for the years ended December 31:
 
Pension Benefits
  
2019
 
2018
 
2017
Service cost
$

 
$

 
$

Interest cost on benefit obligation
1,640

 
1,641

 
1,725

Expected return on plan assets
(1,604
)
 
(1,948
)
 
(1,830
)
Curtailment and settlements
626

 
1,039

 

Amortization of actuarial (gains) losses
266

 
258

 
222

Net periodic benefit cost
$
928

 
$
990

 
$
117


Schedule Of Assumptions Used To Determine Net Periodic Cost
The following weighted average assumptions were used to determine net periodic costs at December 31:
 
Pension Benefits
  
2019
 
2018
 
2017
Discount rate
4.42
%
 
3.83
%
 
4.32
%
Expected return on plan assets
7.00
%
 
7.00
%
 
7.40
%
Rate of compensation increase
N/A

 
N/A

 
N/A


Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Other changes in plan assets and benefit obligation recognized in Other comprehensive income (loss) consist of the following components for the years ended December 31:
 
Pension Benefits
  
2019
 
2018
 
2017
Current year actuarial (gain) loss
$
2,917

 
$
(520
)
 
$
1,558

Amortization of actuarial loss
(266
)
 
(258
)
 
(222
)
Total recognized in other comprehensive (income) loss
2,651

 
(778
)
 
1,336

Total recognized in net periodic benefit cost and other comprehensive loss
$
3,579

 
$
212

 
$
1,453


Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the change in benefit obligations and fair values of plan assets for the years ended December 31:
  
2019
 
2018
 
2017
Change in benefit obligation:
  

 
  

 
 
Benefit obligation, Beginning balance
$
37,938

 
$
43,750

 
$
40,722

Interest Cost
1,640

 
1,641

 
1,725

Actuarial (gains) losses
6,127

 
(3,522
)
 
3,088

Benefits paid
(2,693
)
 
(3,931
)
 
(1,785
)
Benefit obligation, Ending balance
43,012

 
37,938

 
43,750

Change in plan assets:
  

 
  

 


Fair value of plan assets, Beginning balance
23,181

 
27,977

 
24,482

Actual return on plan assets
4,188

 
(2,093
)
 
3,360

Employer contributions
2,530

 
1,228

 
1,920

Benefits paid
(2,693
)
 
(3,931
)
 
(1,785
)
Fair value of plan assets, Ending balance
27,206

 
23,181

 
27,977

Unfunded status
$
15,806

 
$
14,757

 
$
15,773


Schedule of Amounts Recognized in Balance Sheet
Amounts recognized in the balance sheet at December 31 consist of the following:
 
Pension Benefits
  
2019
 
2018
Non-current liability
$
15,806

 
$
14,757

Net amount recognized
$
15,806

 
$
14,757


Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recognized in Accumulated Other Comprehensive Loss before income taxes consists of the following components for the years ended December 31:
 
Pension Benefits
  
2019
 
2018
Accumulated net actuarial losses
$
15,530

 
$
12,878

Amount recognized
$
15,530

 
$
12,878


Schedule Of Assumptions Used To Determine Benefit Obligations
The following weighted average assumptions were used to determine benefit obligations as of December 31:
 
Pension Benefits
  
2019
 
2018
Discount rate
3.39
%
 
4.42
%
Rate of compensation increase
N/A

 
N/A


Schedule of Changes in Fair Value of Plan Assets
The fair value of the plan assets as of December 31, is as follows:
 
December 31, 2019
 
Level 1
 
Level 2
 
Level 3
Asset Category:
  

 
  

 
  

 
  

Money market fund – Short term investments
$
1,275

 
$
1,275

 
$

 
$

Mutual funds
25,931

 
25,931

 

 

Total
$
27,206

 
$
27,206

 
$

 
$


 
December 31, 2018
 
Level 1
 
Level 2
 
Level 3
Asset Category:
  

 
  

 
  

 
  

Money market fund – Short term investments
$
1,736

 
$
1,736

 
$

 
$

Mutual funds
21,445

 
21,445

 

 

Total
$
23,181

 
$
23,181

 
$

 
$


Schedule of Allocation of Plan Assets
The pension plans weighted-average asset allocation for the years ended December 31, 2019 and 2018 are as follows:
 
Target Allocation
 
Actual Allocation
  
2019
 
2019
 
2018
Asset Category:
  

 
  

 
  

Equity securities
65.0
%
 
66.7
%
 
67.0
%
Debt securities
30.0
%
 
28.6
%
 
25.5
%
Cash/cash equivalents and Short term investments
5.0
%
 
4.7
%
 
7.5
%
  
100.0
%
  
100.0
%
  
100.0
%

Schedule of Expected Benefit Payments
The following estimated benefit payments, which reflect expected future service, as appropriate, are expected to be paid in the years ending December 31:
Period
 
Amount
2020
 
$
1,885

2021
 
1,885

2022
 
1,924

2023
 
2,198

2024
 
2,323

Thereafter
 
11,396