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Postretirement Benefits Other than Pensions (Tables)
12 Months Ended
Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]  
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):

 

 

 

 

 

 

 

 

    

2018

    

2017

Benefit obligation at beginning of year

 

$

3,167

 

$

3,214

Interest cost

 

 

96

 

 

108

Actuarial (gain) loss

 

 

(96)

 

 

264

Benefits paid

 

 

(393)

 

 

(419)

Benefit obligation at end of year

 

$

2,774

 

$

3,167

 

Postretirement Health Coverage [Member]  
Defined Benefit Plan Disclosure [Line Items]  
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):

 

 

 

 

 

 

 

 

 

 

2018

    

2017

    

2016

Interest cost

$

96

 

$

108

 

$

120

Amortization of net actuarial loss

 

257

 

 

245

 

 

242

Amortization of prior service credit

 

(1,314)

 

 

(1,314)

 

 

(1,314)

Total net postretirement benefit income

$

(961)

 

$

(961)

 

$

(952)

 

Expected Future Benefit Payments

The Company expects to contribute $0.3 million to the plan in 2019. 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):

 

 

 

 

2019

    

$

326

2020

 

 

305

2021

 

 

283

2022

 

 

264

2023

 

 

245

2024 - 2028

 

 

995