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Employee Benefit Plans
 12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
We currently offer a variety of employee benefit plans, including two non-qualified defined benefit plans, the CoreLogic, Inc. 401(k) Savings Plan ("Savings Plan"), and a deferred compensation plan.

Non-qualified Plans

The non-qualified plans are comprised of our frozen unfunded supplemental management and executive benefit plans (collectively, “SERPs”) and a frozen pension restoration plan (the “Restoration Plan”). The non-qualified plans are exempt from most provisions of the Employee Retirement Income Security Act because they are only available to a select group of management and highly compensated employees and are therefore not qualified employee benefit plans. To preserve the tax-deferred savings advantages of a non-qualified plan, federal law requires that it be an unfunded or informally funded future promise to pay.
    
The following table summarizes the balance sheet impact, including benefit obligations, assets and funded status associated with the SERPs and Restoration Plan as of December 31, 2020 and 2019:
(in thousands)20202019
Change in projected benefit obligation:  
Benefit obligation at beginning of period$31,911 $28,088 
Interest costs973 1,136 
Actuarial losses/(gains)2,672 4,131 
Benefits paid(1,497)(1,444)
Projected benefit obligation at end of period$34,059 $31,911 
Change in plan assets:  
Plan assets at fair value at beginning of period$— $— 
Company contributions1,497 1,444 
Benefits paid(1,497)(1,444)
Plan assets at fair value at end of the period$— $— 
Reconciliation of funded status:  
Unfunded status of the plans$(34,059)$(31,911)
Amounts recognized in the consolidated balance sheet consist of:  
Accrued salaries and benefits$(1,727)$(1,451)
Other liabilities(32,332)(30,460)
 $(34,059)$(31,911)
Amounts recognized in accumulated other comprehensive loss:  
Unrecognized net actuarial loss$14,792 $12,617 
Unrecognized prior service credit(180)(1,077)
 $14,612 $11,540 

The net periodic pension cost for the years ended December 31, 2020, 2019 and 2018, for the SERP, and Restoration Plan includes the following components:
(in thousands)202020192018
Expenses:
Interest costs$973 $1,136 $1,072 
Expected return on plan assets— — — 
Amortization of net loss498 324 485 
Amortization of prior service credit(898)(1,120)(1,145)
 Net periodic benefit cost$573 $340 $412 

Weighted-average discount rate used to determine costs for the plans were as follows:
 202020192018
SERPs3.12 %4.15 %3.50 %
Restoration Plan3.12 %4.23 %3.57 %
Weighted-average actuarial assumptions used to determine benefit obligations for the plans were as follows:
 20202019
SERPs  
Discount rate2.33 %3.12 %
Restoration Plan
Discount rate2.36 %3.12 %

The discount rate assumptions utilized reflect the yield available on high-quality, fixed-income debt securities that match the expected timing of the benefit obligation payments.

The following table provides the funded status in the defined Restoration Plan and SERPs as of December 31, 2020, 2019 and 2018:
(in thousands)20202019
Projected benefit obligation$34,059 $31,911 
Accumulated benefit obligation$34,059 $31,911 
Plan assets at fair value at end of year$— $— 
    
The following benefit payments for all plans for the next ten years, which reflect expected future turnover, as appropriate, are expected to be paid as follows:
(in thousands)
2021$1,747 
20221,958 
20231,938 
20241,917 
20251,899 
2026-20309,093 
Total$18,552 

Savings Plan

The Savings Plan allows for employee-elective contributions up to the maximum deductible amount as determined by the Internal Revenue Code. We make discretionary matching contributions to the Savings Plan based on participant contributions as well as discretionary contributions. The expense within continuing operations for the years ended December 31, 2020, 2019 and 2018 related to the Savings Plan were $13.6 million, $9.6 million and $11.1 million, respectively. The Savings Plan allows the participants to purchase shares of our common stock as one of the investment options, subject to certain limitations. The Savings Plan held 490,142 and 568,617 shares of our common stock, representing 0.7% and 0.7% of the total shares outstanding at December 31, 2020 and 2019, respectively.

Deferred Compensation Plan

We have a deferred compensation plan that allows participants to defer up to 80% of their salary, commissions and bonus. Participants allocate their deferrals among a variety of investment crediting options (“deemed investments”). Deemed investments mean that the participant has no ownership interest in the funds they select; the funds are only used to measure the gains or losses that will be attributed to their deferral account over time. Participants can elect to have their deferral balance paid out in a future year while they are still employed or after their employment ends. The participants’ deferrals and any earnings on those deferrals are our general unsecured obligation. We informally fund the deferred compensation plan through a tax-advantaged investment known as variable universal life insurance. Deferred compensation plan assets are held as assets within a special trust.
The value of the assets underlying our deferred compensation plan was $34.4 million and $31.8 million as of December 31, 2020 and 2019, respectively, and is included in other assets in the accompanying consolidated balance sheets. The unfunded liability for our deferred compensation plan was $41.8 million and $36.9 million as of December 31, 2020 and 2019, respectively, and is included in other liabilities in the accompanying consolidated balance sheets.