Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Postemployment Benefits [Abstract]

Actuarial Assumptions Used to Determine the Actuarial Present Value of Projected Benefit Obligations

The following represents the actuarial assumptions used to determine the actuarial present value of projected benefit obligations at:

	DECEMBER 31,
	2015		2014
Discount rate	4.00	%	3.75	%
Rate of future compensation increase	4.00	%	4.00	%

Actuarial Assumptions Used to Determine Net Periodic Benefit Cost

The following represents the weighted average actuarial assumptions used to determine net periodic benefit cost for the years ended:

	DECEMBER 31,
	2015		2014		2013
Discount rate	3.75	%	3.75	%	2.50	%
Rate of future compensation increase	4.00	%	4.00	%	4.00	%

Components of Net Periodic Benefit Cost

The following represents the components of net periodic benefit cost for the years ended (in thousands):

	DECEMBER 31,
	2015		2014		2013
Service cost	$	1,323	$	1,164	$	2,018
Interest cost	383		294		471
Amortization of actuarial loss	—		—		97
Settlement loss	—		—		24
Net periodic benefit cost	$	1,706	$	1,458	$	2,610

The following represents the components of net periodic post-retirement benefit cost for the years ended (in thousands):

	DECEMBER 31,
	2014		2013
Service cost	$	174	$	649
Interest cost	78		134
Amortization of actuarial loss	—		86
Settlement/curtailment loss/(gain)	725		(359		)
Net periodic benefit cost	$	977	$	510

Changes in the Benefit Obligation

The following represents the changes in the benefit obligation for the years ended (in thousands):

	DECEMBER 31,
	2015			2014
Projected benefit obligation, beginning	$	10,197		$	7,852
Service cost	1,323			1,164
Interest cost	383			294
Actuarial experience and changes in actuarial assumptions	(566		)	887
Projected benefit obligation, ending	$	11,337		$	10,197

The following represents the changes in the post-retirement benefit obligation for the year ended (in thousands):

	DECEMBER 31,
	2014
Accumulated post-retirement benefit obligation, beginning	$	2,674
Service cost	174
Interest cost	78
Actuarial experience and changes in actuarial assumptions	234
Settlement/curtailment loss/(gain)	725
Benefits Paid	(3,885		)
Accumulated post-retirement benefit obligation, ending	$	—

Projected Annual Benefit Payment

Undiscounted benefit payments by the SERP, which reflect the anticipated future service of participants, expected to be paid are as follows (in thousands):

	PROJECTED ANNUAL BENEFIT PAYMENTS
2016	$	—
2017	—
2018	—
2019	10,297
2020	—
2021-2025	—
Thereafter	3,987