Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2015

Funded Status and Accrued Pension Cost

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

	2015			2014
CHANGE IN BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$	94,113		$	80,901
Interest cost		3,423			3,577
Actuarial (gain) loss		(3,377	)		14,458
Benefits paid		(6,923	)		(4,823	)
Benefit obligation at end of year		87,236			94,113
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year		75,260			74,976
Actual return (loss) on plan assets		(2,898	)		3,238
Employer contributions		—			1,869
Benefits paid		(6,923	)		(4,823	)
Fair value of plan assets at end of year		65,439			75,260
Funded status and accrued pension cost	$	(21,797	)	$	(18,853	)

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	2015		2014
Cash	$	983	$	19,009
Equity securities
U.S. Large Cap (a)		20,308		15,328
U.S. Mid Cap (a)		6,800		5,495
International (b)		9,276		4,929
Core fixed income (c)		23,537		22,834
High-yield fixed income (d)		4,535		7,665
Total	$	65,439	$	75,260

(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 actively-managed fixed income mutual funds. 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.

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):

	2015			2014			2013
Interest cost	$	3,423		$	3,577		$	3,376
Expected return on plan assets		(4,627	)		(5,597	)		(5,197	)
Recognized net actuarial loss		917			470			839
Net settlement loss		2,356			—			1,878
Total net periodic pension (income) expense	$	2,069		$	(1,550	)	$	896

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):

2016	$	3,597
2017		3,897
2018		4,694
2019		5,607
2020		5,018
2021 - 2025		28,931

Other Postretirement Benefit Plan [Member]

Net Periodic Pension (Income) Expense

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

	2015			2014			2013
Interest cost	$	127		$	221		$	194
Amortization of net actuarial loss		255			445			477
Amortization of prior service credit		(1,314	)		(1,314	)		(1,331	)
Net postretirement benefit income	$	(932	)	$	(648	)	$	(660	)

Expected Future Benefit Payments

The Company expects to contribute $0.4 million to the plan in 2016. 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):

2016	$	368
2017		353
2018		330
2019		316
2020		296
2021-2025		1,218

Benefit Obligation [Member] | Pension Plan [Member]

Assumptions Used to Determine Benefit Obligations

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

	2015	2014	2013
Discount rate	3.90%	3.66%	4.49%
Rate of compensation increase	N/A	N/A	N/A
Measurement date	12/31/2015	12/31/2014	12/31/2013

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

Assumptions Used to Determine Benefit Obligations

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

	2015	2014	2013
Discount rate	3.57%	3.32%	3.94%
Measurement date	12/31/2015	12/31/2014	12/31/2013

Pension Expense [Member] | Pension Plan [Member]

Assumptions Used to Determine Benefit Obligations

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

	2015	2014	2013
Discount rate	3.77%	4.49%	3.85%
Rate of compensation increase	N/A	N/A	N/A
Expected long-term rate of return on plan assets	6.50%	7.50%	7.50%
Measurement date	12/31/2015	12/31/2014	12/31/2013

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

Assumptions Used to Determine Benefit Obligations

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

	2015	2014	2013
Discount rate	3.32%	3.94%	3.08%
Measurement date	12/31/2015	12/31/2014	12/31/2013