EMPLOYEE RETIREMENT PLANS (Tables)

12 Months Ended

Dec. 31, 2019

Defined Benefit Pension Plans And Defined Benefit Postretirement Plans Disclosure [Abstract]

Information Relating to the Company's Plan

Information relating to the Company’s plan is as follows (in thousands):

	Year Ended December 31,
	2019		2018
Change in benefit obligation:
Benefit obligation, beginning of year	$	44,055	$	33,176
Service cost		969		1,301
Interest cost		1,613		1,047
Actuarial loss		4,480		8,531
Benefit obligation, end of year		51,117		44,055
Fair value of plan assets		—		—
Unfunded status of the plan, end of year	$	51,117	$	44,055
Current liability		—		—
Noncurrent liability	$	51,117	$	44,055

Components of Net Periodic Pension Cost

The components of net periodic pension cost were as follows (in thousands):

	Year Ended December 31,
	2019		2018		2017
Service cost	$	969	$	1,301	$	1,214
Interest cost		1,613		1,047		1,013
Amortization of prior service cost		1,595		1,683		1,667
Amortization of loss		1,641		435		457
Total net periodic benefit cost	$	5,818	$	4,466	$	4,351

Assumptions Used to Determine Benefit Obligation and Net Periodic Pension Cost

Assumptions used to determine the year end benefit obligation were as follows:

	Year Ended December 31,
	2019			2018
Discount rate		2.64	%		3.82	%
Rate of compensation increases		3.50	%		3.50	%

Assumptions used to determine the net periodic pension cost were as follows:

	Year Ended December 31,
	2019			2018			2017
Discount rate		3.82	%		3.22	%		3.41	%
Rate of compensation increases		3.50	%		3.50	%		3.50	%

Amounts to be Amortized from Accumulated Other Comprehensive Loss into Net Periodic Pension Cost in Next Fiscal Year

The estimated amounts to be amortized from accumulated other comprehensive loss into the net periodic pension cost in 2020 are as follows (in thousands):

Amortization of prior service cost	$	1,099
Amortization of loss		2,260
Total	$	3,359

Benefit Payments Expected to be Paid

Benefit payments, which reflect estimated future service, are currently expected to be paid as follows (in thousands):

Year	Projected Benefits
2020	$	—
2021		3,777
2022		4,288
2023		4,618
2024		4,618
2025-2029		28,400
Thereafter		25,800