EMPLOYEE BENEFIT PLAN (Tables)

9 Months Ended

Sep. 30, 2016

The actuarial recorded liabilities for the unfunded postretirement benefits are as follows:

Change in benefit obligation:

	September 30, 2016		December 31, 2015
Benefit obligation at beginning of period	$	958	$	1,111
Initial adoption of new plan		444		-
Service cost with interest to end of period		48		54
Interest cost		33		36
Participant contributions		-		5
Benefits paid		-		(6	)
Actuarial gain		-		(242	)
Benefit obligation at end of period	$	1,483	$	958

Amounts recognized in consolidated balance sheet:

	September 30, 2016			December 31, 2015
Accumulated postretirement benefit obligation	$	(1,483	)	$	(958	)
Fair value of plan assets		-			-
Funded status		(1,483	)		(958	)
Unrecognized prior service cost		N/A			N/A
Unrecognized net (gain)/loss		N/A			N/A
Net amount recognized in consolidated balance sheet (after ASC 715) (included in other long-term obligations)	$	1,483		$	958
Accrued postretirement benefit cost (included in other long-term obligations)	$	N/A		$	N/A

Net periodic benefit costs for such retirement medical plans were as follows:

	Nine Months Ended September 30,
	2016			2015
Service cost	$	48		$	40
Interest cost		33			27
Amortization of prior service cost/(credit)		40			(14	)
Amortization of gain		(8	)		-
Net periodic benefit cost	$	113		$	53

Estimated future employer contributions and benefit payments are as follows: