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Pension Plan (Tables)
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Reconciliation of The Changes in Projected Benefit Obligation
The following is a reconciliation of the changes in the projected benefit obligation for the year ended December 31, 2012:
 
 
December 31, 2012
 
(in thousands)
Projected benefit obligation, beginning of year
$
11,896

Interest cost
526

Actuarial loss (gain)
(85
)
Benefit payments
(414
)
Settlement payments
(11,923
)
Projected benefit obligation, end of year
$

Components of Net Periodic Benefit Costs
The following table presents the components of net periodic benefit costs for the year ended December 31, 2012. No periodic benefit costs were incurred during the years ended December 31, 2014 and 2013 due to the 2012 settlement of the SERP:
     
 
Year Ended December 31, 2012
 
(in thousands)
Components of net periodic benefit cost:
 
Interest cost
$
526

Amortization of actuarial loss
128

 
654

Settlement loss, net
2,162

Net periodic benefit cost
$
2,816

Weighted average assumption:
 
Discount rate
4.50
%