Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2014

Funded Status and Accrued Pension Cost

The following table sets forth the funded status at December 31 (amounts in thousands):

	2014			2013
CHANGE IN BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$	80,901		$	96,384
Interest cost		3,577			3,376
Actuarial (gain) loss		14,458			(11,560	)
Benefits paid		(4,823	)		(7,299	)
Benefit obligation at end of year		94,113			80,901
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year		74,976			69,611
Actual return on plan assets		3,238			11,044
Employer contributions		1,869			1,620
Benefits paid		(4,823	)		(7,299	)
Fair value of plan assets at end of year		75,260			74,976
Funded status and accrued pension cost	$	(18,853	)	$	(5,925	)

Allocation of Defined Benefit Pension Plans Assets by Asset Class

The allocation of the defined benefit pension plan’s assets as of the respective measurement date for each year, by asset class, are as follows (amounts in thousands):

Asset Class	2014		2013
Cash	$	19,009	$	698
Equity securities
U.S. Large Cap (a)		15,328		26,815
U.S. Mid Cap (a)		5,495		10,144
International (b)		4,929		8,545
Core fixed income (c)		22,834		21,317
High-yield fixed income (d)		7,665		7,457
Total	$	75,260	$	74,976

(a) Consists of actively-managed domestic equity mutual funds. Underlying holdings are diversified by sector and industry.

(b) Consists of an actively-managed international equity mutual fund. Underlying holdings are diversified by country, sector and industry. The fund may invest a portion of its assets in emerging markets, which entails additional risk.

(c) Consists of an actively-managed fixed income mutual fund. The fund predominantly invests in investment-grade bonds of U.S. issuers from diverse sectors and industries. The fund also invests in government-backed debt. The fund can invest a portion of its assets in below-investment grade debt and non-U.S. debt, which entails additional risk.

(d) Consists of actively-managed high-yield fixed income mutual funds. The funds invest in investment grade and below-investment grade bonds, with a focus on below-investment grade bonds of U.S. issuers. Underlying holdings are diversified by sector and industry. The funds can invest a portion of its assets in the debt of non-U.S. issuers, which entails additional risk.

Other Postretirement Benefit Plan [Member]

Net Periodic Pension (Income) Expense

Net postretirement benefit (income) expense reflected in the accompanying consolidated statements of operations included the following components for the years ended December 31 (amounts in thousands):

	2014			2013			2012
Service cost	$	—		$	—		$	42
Interest cost		221			194			790
Amortization of net actuarial loss		445			477			491
Amortization of prior service credit		(1,314	)		(1,331	)		(682	)
Curtailment gain		—			—			(310	)
Net postretirement benefit (income) expense	$	(648	)	$	(660	)	$	331

Expected Future Benefit Payments

The Company expects to contribute $0.6 million to the plan in 2015. Based on the Company’s assumptions discussed above, the Company expects to make the following estimated future benefit payments under the plan during the years ending December 31 (amounts in thousands):

2015	$	620
2016		594
2017		569
2018		531
2019		507
2020-2024		2,098

Pension Plan [Member]

Net Periodic Pension (Income) Expense

Net periodic pension (income) expense reflected in the accompanying consolidated statements of operations included the following components for the years ended December 31 (amounts in thousands):

	2014			2013			2012
Interest cost	$	3,577		$	3,376		$	3,655
Expected return on plan assets		(5,597	)		(5,197	)		(4,808	)
Recognized net actuarial loss		470			839			3,611
Net settlement loss		—			1,878			1,960
Total net periodic pension (income) expense	$	(1,550	)	$	896		$	4,418

Expected Future Benefit Payments

Company expects to make the following estimated future benefit payments under the plan during the years ending December 31 (amounts in thousands):

2015	$	4,291
2016		3,967
2017		4,239
2018		4,948
2019		5,634
2020 - 2024		27,831

Benefit Obligation [Member] | Other Postretirement Benefit Plan [Member]

Weighted Average Assumptions

The weighted-average assumptions used to determine the benefit obligation at December 31 are as follows:

	2014			2013			2012
Discount rate		3.32	%		3.94	%		3.08	%
Measurement date		12/31/2014			12/31/2013			12/31/2012

Benefit Obligation [Member] | Pension Plan [Member]

Weighted Average Assumptions

The weighted-average assumptions used to determine the benefit obligation at December 31 are as follows:

	2014			2013			2012
Discount rate		3.66	%		4.49	%		3.60	%
Rate of compensation increase		N/A			N/A			N/A
Measurement date		12/31/2014			12/31/2013			12/31/2012

Postretirement Benefit Expense[Member] | Other Postretirement Benefit Plan [Member]

Weighted Average Assumptions

The weighted-average assumptions used to determine the net postretirement benefit expense for years ended December 31 are as follows:

	2014			2013			2012
Discount rate		3.94	%		3.08	%		3.92	%
Measurement date		12/31/2014			12/31/2013			12/31/2012

Pension Expense [Member] | Pension Plan [Member]

Weighted Average Assumptions

The weighted-average assumptions used to determine the net periodic pension expense for years ended December 31 are as follows:

	2014			2013			2012
Discount rate		4.49	%		3.85	%		3.98	%
Rate of compensation increase		N/A			N/A			N/A
Expected long-term rate of return on plan assets		7.50	%		7.50	%		7.50	%
Measurement date		12/31/2014			12/31/2013			12/31/2012