FAIR VALUE ACCOUNTING (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair value measurement of assets and liabilities

	Fair Value at June 30, 2019
($ in thousands)	Total		Level 1		Level 2		Level 3
Assets:
Pension assets	$	1,721	$	—	$	—	$	1,721
Totals	$	1,721	$	—	$	—	$	1,721
Liabilities:
Derivative liabilities	$	1,008	$	—	$	—	$	1,008
Totals	$	1,008	$	—	$	—	$	1,008

	Fair Value at December 31, 2018
($ in thousands)	Total		Level 1		Level 2		Level 3
Assets:
Pension assets	$	1,733	$	—	$	—	$	1,733
Totals	$	1,733	$	—	$	—	$	1,733
Liabilities:
Derivative liabilities	$	1,065	$	—	$	—	$	1,065
Totals	$	1,065	$	—	$	—	$	1,065

Pension assets measured at fair value on a recurring basis

A reconciliation of the Company’s pension assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the three months ended June 30, 2019:

($ in thousands)	Pension   Assets
Balance at March 31, 2019	$	1,699
Return on plan assets		15
Company contributions and benefits paid, net		(19	)
Effect of rate changes		26
Balance at June 30, 2019	$	1,721

A reconciliation of the Company’s pension assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the six months ended June 30, 2019:

($ in thousands)	Pension   Assets
Balance at December 31, 2018	$	1,733
Return on plan assets		30
Company contributions and benefits paid, net		(30	)
Effect of rate changes		(12	)
Balance at June 30, 2019	$	1,721

A reconciliation of the Company’s pension assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the three months ended June 30, 2018:

($ in thousands)	Pension   Assets
Balance at March 31, 2018	$	1,852
Return on plan assets		21
Company contributions and benefits paid, net		(3	)
Effect of rate changes		(116	)
Balance at June 30, 2018	$	1,754

A reconciliation of the Company’s pension assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the six months ended June 30, 2018:

($ in thousands)	Pension   Assets
Balance at December 31, 2017	$	1,806
Return on plan assets		32
Company contributions and benefits paid, net		(24	)
Effect of rate changes		(60	)
Balance at June 30, 2018	$	1,754

Schedule of derivative liabilities

A reconciliation of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the three months ended June 30, 2019:

($ in thousands)	Derivative  Liabilities
Balance at March 31, 2019	$	1,489
Change in fair value included in earnings		(481	)
Balance at June 30, 2019	$	1,008

A reconciliation of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows for the six months ended June 30, 2019:

($ in thousands)	Derivative  Liabilities
Balance at December 31, 2018	$	1,065
Change in fair value included in earnings		(57	)
Balance at June 30, 2019	$	1,008