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Pension Plans (Tables) - Pension Plan [Member]
12 Months Ended
Dec. 31, 2017
Funded Status and Accrued Pension Cost

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

 

     2017      2016  

CHANGE IN BENEFIT OBLIGATION:

     

Benefit obligation at beginning of year

   $ 85,360      $ 87,236  

Interest cost

     3,019        3,173  

Actuarial loss

     3,624        304  

Benefits paid

     (6,308      (5,353
  

 

 

    

 

 

 

Benefit obligation at end of year

     85,695        85,360  
  

 

 

    

 

 

 

CHANGE IN PLAN ASSETS:

     

Fair value of plan assets at beginning of year

     65,446        65,439  

Actual return on plan assets

     10,107        5,360  

Benefits paid

     (6,308      (5,353
  

 

 

    

 

 

 

Fair value of plan assets at end of year

     69,245        65,446  
  

 

 

    

 

 

 

Funded status and accrued pension cost

   $ (16,450    $ (19,914
  

 

 

    

 

 

 
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

   2017      2016  

Cash

   $ 642      $ 728  

Mutual funds

     68,603        64,718  
  

 

 

    

 

 

 

Total

   $ 69,245      $ 65,446  
  

 

 

    

 

 

 
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:

 

     2017     2016     2015  

Discount rate

     3.30     3.72     3.90

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:

 

     2017     2016     2015  

Discount rate

     3.59     3.70     3.77

Rate of compensation increase

     N/A       N/A       N/A  

Expected long-term rate of return on plan assets

     6.50     6.50     6.50