Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Projected Benefit Obligation

A summary of the activity in the Plan’s projected benefit obligation, assets, funded status and amounts recognized in the Company’s consolidated balance sheets is as follows:

(In thousands)	2016			2015
Projected benefit obligation:
Balance, January 1	$	78,369		$	81,342
Service cost		3,559			3,795
Interest cost		3,505			3,178
Actuarial (gain) loss		2,003			(8,358	)
Benefits paid		(1,885	)		(1,588	)
Balance, December 31	$	85,551		$	78,369
Plan assets:
Fair value, January 1	$	71,174		$	72,972
Actual return		3,879			(210	)
Employer contribution		—			—
Benefits paid		(1,885	)		(1,588	)
Fair value, December 31	$	73,168		$	71,174
Funded status:
Accrued pension liability	$	(12,383	)	$	(7,195	)

Schedule of Assumptions used to Determine Projected Benefit Obligation

The following represent the major assumptions used to determine the projected benefit obligation of the Plan. For 2016, 2015 and 2014, the Plan’s expected benefit cash flows were discounted using the Citibank Above Median Curve. For 2016, the RP-2014 Mortality Table and the MP-2016 Mortality Improvement Table were used. For 2015, the RP-2014 Mortality Table and MP-2015 Mortality Improvement Table were used. For 2014, the RP-2014 Mortality Table and MP-2014 Mortality Improvement Table were used.

	2016		2015		2014
Weighted average discount rate	4.25	%	4.50	%	4.00	%
Rate of increase in compensation levels	(a)		(a)		(a)

       (a)        6.0% graded down to 3.25% over the first seven years of service

Schedule of Expected Pension Benefit Payments

The following pension benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the Plan:

	Amount
2017	$	2,319,000
2018		2,660,000
2019		2,814,000
2020		3,045,000
2021		3,309,000
2022-2026		21,898,000

Schedule of Plan's Pension Costs

The Plan’s pension cost included the following components:

	For the Year Ended
	December 31,
(In thousands)	2016			2015			2014
Service cost – benefits earned during the year	$	3,559		$	3,796		$	3,003
Interest cost on projected benefit obligations		3,505			3,178			3,037
Expected return on plan assets		(4,734	)		(4,864	)		(4,711	)
Net amortization and deferral		1,259			1,542			244
Net periodic pension cost	$	3,589		$	3,652		$	1,573

Schedule of Assumptions used to Determine Net Pension Cost

The following represent the major assumptions used to determine the net pension cost of the Plan:

	2016		2015		2014
Weighted average discount rate	4.50	%	4.00	%	5.00	%
Rate of increase in compensation levels	(a)		(a)		3.75	%
Expected long-term rate of return on assets	6.75	%	6.75	%	6.75	%

       (a)        6.0% graded down to 3.25% over the first seven years of service

Schedule of Assumed Long-term Rate of Return on Assets

The expected one-year nominal returns and annual standard deviations are shown by asset class below:

			One-Year Nominal		Annual Standard
Asset Class	% of Total Portfolio		Return		Deviation
Core Fixed Income	48	%	4.51	%	4.64	%
Large Cap U.S. Equities	10	%	7.36	%	16.14	%
Large Cap U.S. Growth Equities	18	%	7.67	%	17.31	%
Small Cap U.S. Equities	8	%	8.49	%	20.02	%
International (Developed)	15	%	8.89	%	19.35	%
International (Emerging)	1	%	10.68	%	27.66	%

Summary of the Fair Value Measurements by Type of Asset

A summary of the fair value measurements by type of asset is as follows:

	Fair Value Measurements as of December 31,
	2016						2015
			Quoted Prices						Quoted Prices
			in Active						in Active
			Markets for		Significant				Markets for		Significant
			Identical		Observable				Identical		Observable
			Assets		Inputs				Assets		Inputs
(In thousands)	Total		(Level 1)		(Level 2)		Total		(Level 1)		(Level 2)
Cash	$	340	$	340	$	—	$	283	$	283	$	—
Equity securities
U.S. Large Cap Growth		13,306		—		13,306		12,908		—		12,908
U.S. Small/Mid Cap Growth		5,655		—		5,655		5,418		—		5,418
Non-U. S. Core		10,588		—		10,588		10,474		—		10,474
U.S. Large Cap Passive		7,364		—		7,364		7,153		—		7,153
Emerging Markets		652		—		652		599		—		599
Fixed Income
U.S. Core		24,438		—		24,438		23,881		—		23,881
U.S. Passive		9,571		—		9,571		9,328		—		9,328
Opportunistic		1,254				1,254		1,130				1,130
Total	$	73,168	$	340	$	72,828	$	71,174	$	283	$	70,891

Supplemental Executive Retirement Plan [Member]

Summary of Projected Benefit Obligation

A summary of the activity in the SERP’s projected benefit obligation, funded status and amounts recognized in the Company’s consolidated balance sheets is as follows:

	December 31,
(In thousands)	2016			2015
Benefit obligation:
Balance, January 1	$	8,748		$	9,403
Service cost		133			140
Interest cost		367			348
Benefits paid		(247	)		(243	)
Actuarial (gain) loss		131			(900	)
Balance, December 31	$	9,132		$	8,748

Schedule of Assumptions used to Determine Projected Benefit Obligation

The following represent the major assumptions used to determine the projected benefit obligation of the SERP. For 2016, 2015 and 2014, the SERP’s expected benefit cash flows were discounted using the Citigroup Above Median Curve.

	2016		2015		2014
Weighted average discount rate	4.00	%	4.25	%	3.75	%
Rate of increase in compensation levels	(a)		(a)		(a)

       (a)      6.00% graded down to 3.25% over the first seven years of service.

Schedule of Expected Pension Benefit Payments

Benefits paid were $247,000 in 2016, $243,000 in 2015 and $236,000 in 2014. Expected future benefits payable by the Company over the next ten years are as follows:

	Amount
2017	$	247,000
2018		313,000
2019		312,000
2020		310,000
2021		364,000
2022-2026		3,679,000

Schedule of Plan's Pension Costs

The SERP’s pension cost included the following components:

	For the Year Ended December 31,
(In thousands)	2016		2015		2014
Service cost – benefits earned during the year	$	133	$	140	$	136
Interest cost on projected benefit obligations		367		348		377
Net amortization and deferral		295		654		431
Net periodic pension cost	$	795	$	1,142	$	944

Schedule of Pretax Amounts in Accumulated Other Comprehensive Loss

The pretax amounts in accumulated other comprehensive loss as of December 31 were as follows:

	The Plan				SERP
(In thousands)	2016		2015		2016		2015
Prior service cost	$	—	$	—	$	—	$	—
Net actuarial loss		22,237		20,637		2,005		2,169
Total	$	22,237	$	20,637	$	2,005	$	2,169