Postretirement Benefits Other than Pensions (Tables)

12 Months Ended

Dec. 31, 2017

Other Postretirement Benefit Plan [Member]

Net Periodic Pension and Postretirement Benefit (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):

	2017			2016			2015
Interest cost	$	108		$	120		$	127
Amortization of net actuarial loss		245			242			255
Amortization of prior service credit		(1,314	)		(1,314	)		(1,314	)
Net postretirement benefit income	$	(961	)	$	(952	)	$	(932	)

Expected Future Benefit Payments

The Company expects to contribute $0.3 million to the plan in 2018. 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):

2018	$	343
2019		327
2020		306
2021		284
2022		266
2023-2027		1,078

Change in Benefit Obligation of the Postretirement Plans to the Accrued Postretirement Liability

The following table reconciles the change in benefit obligation of the postretirement plans to the accrued postretirement liability as reflected in other liabilities in the accompanying consolidated balance sheets at December 31 (amounts in thousands):

	2017			2016
Benefit obligation at beginning of year	$	3,214		$	3,559
Interest cost		108			120
Actuarial (gain) loss		264			(47	)
Benefits paid		(419	)		(418	)
Benefit obligation at end of year	$	3,167		$	3,214

Pension Plan [Member]

Net Periodic Pension and Postretirement Benefit (Income) Expense

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

	2017			2016			2015
Interest cost	$	3,019		$	3,173		$	3,423
Expected return on plan assets		(4,202	)		(4,131	)		(4,627	)
Recognized net actuarial loss		919			1,047			917
Net settlement loss		1,734			1,715			2,356
Total net periodic pension expense	$	1,470		$	1,804		$	2,069

Expected Future Benefit Payments

The Company expects to contribute approximately $1.6 million to its defined benefit pension plan in 2018. 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):

2018	$	4,358
2019		5,102
2020		4,764
2021		5,029
2022		5,990
2023 - 2027		29,384