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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2017
Retirement Benefits [Abstract]  
Components of Company Plan Benefit Expense
The following table summarizes key information related to the Company’s pension plans and retirement agreements. The table illustrates the reconciliation of the beginning and ending balances of the benefit obligation showing the effects during the periods presented attributable to service cost, interest cost, plan amendments, termination benefits, actuarial gains and losses. The assumptions used in the Company’s calculation of accrued pension costs are based on market information and the Company’s historical rates for employment compensation and discount rates.
 
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
Accumulated Benefit Obligation, End of Year
$
25,457

 
$
22,515

 
 
 
 
Change in Projected Benefit Obligation
 
 
 
Projected Benefit Obligation, Beginning of Year
$
28,624

 
$
25,935

Service Cost
1,001

 
995

Interest Cost
1,228

 
1,155

Actuarial (Gain) Loss
2,474

 
1,031

Benefits Paid
(507
)
 
(492
)
Projected Benefit Obligation, End of Year
$
32,820

 
$
28,624

Change in Plan Assets
 
 
 
Plan Assets at Fair Value, Beginning of Year
$

 
$

Company Contributions
507

 
492

Benefits Paid
(507
)
 
(492
)
Plan Assets at Fair Value, End of Year
$

 
$

Unfunded Status of the Plan
$
(32,820
)
 
$
(28,624
)
Amounts Recognized in Accumulated Other Comprehensive Income
 
 
 
Net Loss
7,745

 
5,561

Total Pension Cost
$
7,745

 
$
5,561

Components of Net Periodic Benefit Cost
 
2017
 
2016
Components of Net Periodic Benefit Cost
 
 
 
Service Cost
$
1,001

 
$
995

Interest Cost
1,228

 
1,155

Amortization of:
 
 
 
Net Loss
291

 
213

Net Periodic Pension Cost
$
2,520

 
$
2,363

Weighted Average Assumptions for Expense
 
 
 
Discount Rate
3.80
%
 
4.50
%
Expected Return on Plan Assets
N/A

 
N/A

Rate of Compensation Increase
4.40
%
 
4.40
%
Benefit payments representing the company's obligations to employees
The benefit payments reflected in the table below represent the Company’s obligations to employees that are eligible for retirement or have already retired and are receiving deferred compensation benefits:
 
Fiscal Year
Pension
Benefits
 
(In thousands)
2018
$
8,642

2019
816

2020
833

2021
824

2022
892

Thereafter
20,813

 
 
 
$
32,820