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SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2018
SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS  
Schedule of Change in Benefit Obligation

 

(in thousands)

 

2018

 

2017

 

Benefit obligation as of March 31

 

$

19,158

 

$

19,745

 

Service cost

 

92

 

85

 

Interest cost

 

150

 

167

 

Payments

 

(12

)

(12

)

 

 

 

 

 

 

Benefit Obligation as of June 30

 

$

19,388

 

$

19,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefit obligation as of December 31, 2017 and 2016, respectively

 

$

20,793

 

$

21,304

 

Service cost

 

184

 

170

 

Interest cost

 

300

 

334

 

Payments

 

(1,889

)

(1,823

)

 

 

 

 

 

 

Benefit obligation as of June 30

 

$

19,388

 

$

19,985

 

 

 

 

 

 

 

 

 

 

Schedule of Amounts Recognized in the Consolidated Balance Sheets

 

(in thousands)

 

June 30, 2018

 

December 31, 2017

 

Accrued expenses and other current liabilities

 

$

1,913

 

$

1,913

 

Other liabilities

 

17,474

 

18,880

 

 

 

 

 

 

 

Total accrued liabilities

 

$

19,387

 

$

20,793