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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2018
Retirement Benefits [Abstract]  
Schedule of Changes in Benefit Obligation The actuarial recorded liabilities for such unfunded postretirement benefits are as follows:
Change in benefit obligation:
 
 
2018
 
2017
Benefit obligation at beginning of year
 
$
1,573

 
$
1,411

Initial adoption of new plan
 

 

Service cost with interest to end of year
 
78

 
67

Interest cost
 
44

 
46

Participant contributions
 
40

 
28

Benefits paid
 
(136
)
 
(58
)
Actuarial (gain)/loss
 
(425
)
 
79

Benefit obligation at end of year
 
$
1,174

 
$
1,573

Schedule of Changes in Plan Assets Change in plan assets:
 
 
2018
 
2017
Fair value of plan assets at beginning of year
 
$

 
$

Employer (reimbursement)/contributions
 
96

 
30

Participant contributions
 
40

 
28

Benefits paid
 
(136
)
 
(58
)
Fair value of plan assets at end of year
 
$

 
$

Schedule of Amounts Recognized in Consolidated Balance Sheet Amounts recognized in consolidated balance sheet:
 
 
2018
 
2017
Accumulated postretirement benefit obligation
 
$
(1,174
)
 
$
(1,573
)
Fair value of plan assets
 

 

Funded status
 
(1,174
)
 
(1,573
)
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)
 
$
1,174

 
$
1,573

Accrued postretirement benefit cost (included in other long-term obligations)
 
N/A

 
N/A

Schedule of Components of Net Periodic Benefit Cost Components of net periodic benefit cost:
 
 
2018
 
2017
 
2016
Service cost with interest to end of year
 
$
78

 
$
67

 
$
66

Interest cost
 
44

 
46

 
48

Amortization of prior service credit/(cost)
 
74

 
74

 
57

Amortization of (gain)/loss
 
(8
)
 
(15
)
 
(10
)
Total net periodic benefit cost
 
$
188

 
$
172

 
$
161

Schedule of Estimated Future Employer Contributions and Benefit Payments Estimated future employer contributions and benefit payments are as follows:
Year
 
 
2019
 
$
127

2020
 
89

2021
 
73

2022
 
90

2023
 
88

Years 2024-2028
 
497

Summary of Pension Fund The Company does not represent more than 5% of the contributions to this pension fund.
Pension
Fund
 
EIN/Pension
Plan
Number
 
Pension Plan Protection Act Zone Status
 
FIP/RP Status
Pending/ Implemented
 
Contributions of Balchem Corporation
 
Surcharge
Imposed
 
Expiration Date of Collective-
Bargaining
Agreement
 
2018
 
2017
 
 
2018
 
2017
 
2016
 
Central States,
Southeast and
Southwest Areas
Pension Fund
 
36-6044243
 
Red as of 1/1/18
 
Red as of 1/1/17
 
Implemented
 
$614
 
$594
 
$576
 
No
 
7/11/2020