XML 93 R76.htm IDEA: XBRL DOCUMENT v3.3.1.900
RETIREMENT PLANS (Details) - Pension plans for GT&T employees - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Retirement plans            
Employment period or credited service period for which participants' average salary or hourly wages is used as a base to calculate benefits 3 years          
Weighted-average rates assumed in the actuarial calculations for the pension plan            
Discount rate (as a percent)       5.75% 5.75% 5.75%
Annual salary increase (as a percent)       6.50% 6.50% 7.50%
Expected long-term return on plan assets (as a percent) 6.50% 7.00% 7.00%      
Projected benefit obligations:            
Balance at beginning of year $ 14,093,000 $ 12,237,000        
Service cost 652,000 612,000 $ 543,000      
Interest cost 766,000 720,000 665,000      
Benefits and settlements paid (1,329,000) (623,000)        
Actuarial gain 218,000 1,129,000        
Exchange rate adjustment   18,000        
Balance at end of year 14,400,000 14,093,000 12,237,000      
Plan net assets:            
Balance at beginning of year 13,165,000 12,673,000        
Actual return on plan assets 110,000 267,000        
Company contributions   832,000        
Benefits and settlements paid (1,329,000) (623,000)        
Exchange rate adjustment   16,000        
Balance at end of year 11,946,000 13,165,000 12,673,000      
Funded status of plan            
Under funded status of plan       $ (2,454,000) $ (928,000)  
Pension plan assets            
Fair value of plan assets 13,165,000 12,673,000 12,673,000 $ 11,946,000 $ 13,165,000 $ 12,673,000
Weighted-average asset allocations (as a percent)       100.00% 100.00%  
Amounts recognized on the consolidated balance sheets            
Other Liabilities       $ 2,454,000 $ 928,000  
Accumulated other comprehensive loss, net of tax       (3,481,000) (2,672,000)  
Amounts recognized in accumulated other comprehensive loss            
Net actuarial loss       (5,836,000) (3,148,000)  
Accumulated Other Comprehensive Income (Loss), before Tax, Total       (5,836,000) (3,148,000)  
Accumulated other comprehensive loss, net of tax       (3,481,000) $ (2,672,000)  
Components of the plan's net periodic pension cost            
Service cost 652,000 612,000 543,000      
Interest cost 766,000 720,000 665,000      
Expected return on plan assets (813,000) (848,000) (949,000)      
Amortization of unrecognized net actuarial loss 245,000 218,000 150,000      
Net periodic pension cost 850,000 $ 702,000 $ 409,000      
Additional disclosure            
Expected contribution in 2016 $ 586          
Estimated Pension Benefits            
2016       643,000    
2017       667,000    
2018       757,000    
2019       614,000    
2020       800,000    
2021-2025       5,286,000    
Total       8,767,000    
Minimum            
Funded status of plan            
Percentage of plan assets to be invested within Guyana 70.00%          
Maximum            
Funded status of plan            
Percentage of plan assets to be invested within Guyana 80.00%          
Level 1            
Plan net assets:            
Balance at end of year $ 10,166,000          
Pension plan assets            
Fair value of plan assets 10,166,000     10,166,000    
Level 2            
Plan net assets:            
Balance at end of year 1,780,000          
Pension plan assets            
Fair value of plan assets 1,780,000     1,780,000    
Cash, cash equivalents, money markets and other            
Plan net assets:            
Balance at end of year 9,730,000          
Pension plan assets            
Fair value of plan assets 9,730,000     $ 9,730,000    
Weighted-average asset allocations (as a percent)       81.50% 80.00%  
Cash, cash equivalents, money markets and other | Level 1            
Plan net assets:            
Balance at end of year 7,950,000          
Pension plan assets            
Fair value of plan assets 7,950,000     $ 7,950,000    
Cash, cash equivalents, money markets and other | Level 2            
Plan net assets:            
Balance at end of year 1,780,000          
Pension plan assets            
Fair value of plan assets 1,780,000     1,780,000    
Equity securities            
Plan net assets:            
Balance at end of year 1,760,000          
Pension plan assets            
Fair value of plan assets 1,760,000     $ 1,760,000    
Weighted-average asset allocations (as a percent)       14.70% 13.00%  
Equity securities | Level 1            
Plan net assets:            
Balance at end of year 1,760,000          
Pension plan assets            
Fair value of plan assets 1,760,000     $ 1,760,000    
Fixed income securities            
Plan net assets:            
Balance at end of year 456,000          
Pension plan assets            
Fair value of plan assets 456,000     $ 456,000    
Weighted-average asset allocations (as a percent)       3.80% 7.00%  
Fixed income securities | Level 1            
Plan net assets:            
Balance at end of year 456,000          
Pension plan assets            
Fair value of plan assets $ 456,000     $ 456,000