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Pension Plans (Tables) - Pension Plan [Member]
12 Months Ended
Dec. 31, 2016
Funded Status and Accrued Pension Cost

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

 

     2016      2015  

CHANGE IN BENEFIT OBLIGATION:

     

Benefit obligation at beginning of year

   $ 87,236       $ 94,113   

Interest cost

     3,173         3,423   

Actuarial (gain) loss

     304         (3,377

Benefits paid

     (5,353      (6,923
  

 

 

    

 

 

 

Benefit obligation at end of year

     85,360         87,236   
  

 

 

    

 

 

 

CHANGE IN PLAN ASSETS:

     

Fair value of plan assets at beginning of year

     65,439         75,260   

Actual return (loss) on plan assets

     5,360         (2,898

Benefits paid

     (5,353      (6,923
  

 

 

    

 

 

 

Fair value of plan assets at end of year

     65,446         65,439   
  

 

 

    

 

 

 

Funded status and accrued pension cost

   $ (19,914    $ (21,797
  

 

 

    

 

 

 
Allocation of Defined Benefit Pension Plans Assets

The allocation of the defined benefit pension plan’s assets at December 31 are as follows (amounts in thousands):

 

Asset Class

   2016      2015  

Cash

   $ 728       $ 983   

Equity securities

     64,718         64,456   
  

 

 

    

 

 

 

Total

   $ 65,446       $ 65,439   
  

 

 

    

 

 

 
Benefit Obligation [Member]  
Assumptions Used to Determine Benefit Obligations

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

 

     2016     2015     2014  

Discount rate

     3.72     3.90     3.66

Rate of compensation increase

     N/A        N/A        N/A   
Pension Expense [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:

 

     2016     2015     2014  

Discount rate

     3.70     3.77     4.49

Rate of compensation increase

     N/A        N/A        N/A   

Expected long-term rate of return on plan assets

     6.50     6.50     7.50