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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2015
Multiemployer Plans [Line Items]  
Summary Of Stock Option Activity
A summary of the Company’s stock option activity and related information is presented below: 
 
2015
2014
2013
 
Options
Weighted-Average Exercise Price
Options
Weighted-Average Exercise Price
Options
Weighted-Average Exercise Price
 
 
 
 
 
 
 
Outstanding at January 1
167,554

$
36.74

173,601

$
35.26

289,544

$
34.38

     Granted
12,961

46.41

13,953

44.43

15,475

37.74

     Exercised
(81,500
)
36.63

(20,000
)
29.19

(126,168
)
33.57

     Forfeited
(4,000
)
31.66

—

—

(5,250
)
34.56

Outstanding at December 31
95,015

38.38

167,554

36.74

173,601

35.26

 
 
 
 
 
 
 
Exercisable at end of year
19,750

$
34.54

89,750

$
36.73

76,832

$
37.97

 
 
 
 
 
 
 
Nonvested at beginning of year
77,804

36.76

96,769

33.10

105,960

33.81

Granted during the year
12,961

46.41

13,953

44.43

15,475

37.74

Vested during the year
(15,500
)
32.09

(32,918
)
29.25

(23,166
)
39.64

Forfeited during the year
—

—

—

—

(1,500
)
30.38

Nonvested at end of year
75,265

$
39.38

77,804

$
36.76

96,769

$
33.10
Stock Options Outstanding And Exercisable
Additional information regarding the Company's stock options outstanding and exercisable at December 31, 2015, is provided in the following table:
  
Ranges of Exercise Prices
No. of Options Outstanding
Weighted-Average Exercise Price
Weighted-Average Remaining Contractual Life (Months)
Aggregate Intrinsic Value
(in thousands)
No. of Options Currently Exercisable
Weighted-Average Exercise Price of Options Currently Exercisable
Weighted-Average Remaining Contractual Life (Months)
Aggregate Intrinsic Value of Options Currently Exercisable 
(in thousands)
$ 25.00 - 29.99
1,250

$
28.15

3.3
$
22

1,250

$
28.15

3.3

$
22

     30.00 - 34.99
11,500

31.38

3.7
164

11,500

31.38

3.7

164

     35.00 - 39.99
48,351

36.04

6.2
464

—

—

—

—

     40.00 - 44.99
20,953

43.24

6.3
50

7,000

40.88

2.3

33

     45.00 - 50.00
12,961

46.61

9.2
—

—

—

—

—

 
95,015

 
 
$
700

19,750

 
 
$
219
Weighted Average Assumptions Estimate The Fair Value Of Options Granted
The following weighted average assumptions were used to estimate the fair value of options granted by the Company:
 
2015
2014
2013
 
 
 
 
Risk-free interest rate
1.95
%
2.42
%
1.88
%
Expected dividend yield
3.50
%
3.60
%
3.70
%
Volatility factor
45.40
%
48.75
%
41.35
%
Expected life of option
7.0 years
8.0 years
8.0 years
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
 
 
2015
2014
2013
 
Restricted Awards
Average Market Price at Grant
Restricted Awards
Average Market Price at Grant
Restricted Awards
Average Market Price at Grant
 
 
 
 
 
 
 
Outstanding at January 1
163,431

 
142,469

 
116,711

 
     Granted
26,840

$
46.45

27,162

$
39.72

35,083

$
38.07

     Forfeited/Vested
(17,350
)
 
(6,200
)
 
(9,325
)
 
Outstanding at December 31
172,921

 
163,431

 
142,469

 
Summary Of Activity Within The Defined Benefit Plan
The following table summarizes activity within the Company's Defined Benefit Plans (dollars in thousands):

 
Pension Benefits
 
2015
2014
 
 
 
Change in fair value of plan assets:
 
 
Fair value at beginning of measurement period
$
14,667

$
14,726

Actual (loss) gain on plan assets
(231
)
496

Contributions
4,399

409

Benefits paid
(1,400
)
(964
)
Fair value at end of measurement period
17,435

14,667

 
 
 
Change in benefit obligation:
 
 
Benefit obligation at beginning of measurement period
(21,390
)
(17,524
)
Interest cost
(813
)
(836
)
Actuarial gain (loss)
1,103

(3,994
)
Benefits paid
1,400

964

Benefit obligation at end of measurement period
(19,700
)
(21,390
)
 
 
 
Funded status
$
(2,265
)
$
(6,723
)
 
 
 
Weighted-average assumptions for balance sheet liability at end of year:
 
 
Discount rate
4.26
%
3.93
%
Expected long-term rate of return
5.75
%
6.92
%
 
 
 
Weighted-average assumptions for benefit cost at beginning of year:
 
 
Discount rate
3.93
%
4.89
%
Expected long-term rate of return
6.92
%
7.35
%
Net Periodic Pension Cost Of The Defined Benefit Plan
The following table presents the components of the net periodic pension cost of the Company's Defined Benefit Plans (in thousands):
 
2015
2014
2013
 
 
 
 
Components of net periodic benefit:
 
 
 
Interest cost
$
813

$
836

$
776

Expected return on plan assets
(937
)
(1,032
)
(979
)
Net amortization and deferral
960

696

1,106

Net Periodic Pension Cost
$
836

$
500

$
903
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
Amounts related to the Company's Defined Benefit Pension Plans recognized as a component of other comprehensive income were as follows (in thousands):
 
2015
2014
2013
Net actuarial gain (loss)
$
910

$
(3,906
)
$
3,469

Deferred tax (expense) benefit
(320
)
1,436

(1,332
)
   Other comprehensive income (loss), net of tax
$
590

$
(2,470
)
$
2,137


Amounts recognized as a component of accumulated other comprehensive loss as of December 31, 2015 and 2014 were as follows (in thousands):
 
2015
2014
Net actuarial loss
$
7,552

$
8,463

Deferred tax benefit
(2,792
)
(3,113
)
   Amounts included in accumulated other comprehensive loss, net of tax
$
4,760

$
5,350
Summary Of Expected Benefit Payments
The following table summarizes the expected benefits to be paid in each of the next five years and in the aggregate for the five years thereafter (in thousands):
Plan Year Ending December 31,
Expected Benefits to be Paid
 
 
2016
$
1,047

2017
1,144

2018
1,245

2019
1,100

2020
1,133

2021 through 2025
5,782
Summary Of Assets Segregated By Level Of Valuation Inputs Within The Fair Value Hierarchy
The major categories of assets in the Company’s Defined Benefit Plans as of year-end are presented in the following table (in thousands).  Assets are segregated by the level of the valuation inputs within the fair value hierarchy established by ASC Topic 820 utilized to measure fair value (See Note Twenty).

 
Total
Level 1
Level 2
Level 3
2015
 
 
 
 
Cash and cash equivalents
$
1,441

$
1,441

$
—

$
—

Mutual funds
5,617

5,473

144

 
Investment funds
2,651

607

1,371

673

Common stocks
5,082

3,880

1,202

—

Mortgage-backed securities
288

—

288

—

Government and GSE bonds
1,313

—

1,313

—

Corporate Bonds
1,043

—

1,043

—

Total
$
17,435

$
11,401

$
5,361

$
673

 
 
 
 
 
2014
 
 
 
 
Cash and cash equivalents
$
959

$
959

$
—

$
—

Mutual funds
6,162

5,656

506

—

Investment funds
1,610

—

1,014

596

Common stocks
3,941

3,119

822

—

Mortgage-backed securities
53

—

53

—

Government and GSE bonds
1,171

—

1,171

—

Corporate Bonds
771

—

771

—

Total
$
14,667

$
9,734

$
4,337

$
596
Horizon Defined Benefit Plan  
Multiemployer Plans [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]
The target, allowable, and current allocation percentages of plan assets are as follows:
 
Target Allocation 2015
Allowable- Allocation Range
Percentage of Plan Assets
At December 31
 
2015
2014
 
 
 
 
 
Equity securities
63
%
40-90%
51
%
53
%
Fixed income securities
15
%
10-40%
20
%
23
%
Cash and cash equivalents
2
%
3-10%
10
%
9
%
Alternative investments
20
%
0-25%
19
%
15
%
Total
100
%
 
100
%
100
%
Community Defined Benefit Plan  
Multiemployer Plans [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]
The target, allowable, and current allocation percentages of plan assets are as follows:

 
Target Allocation 2015
Allowable- Allocation Range
Percentage of Plan Assets
At December 31
 
2015
2014
 
 
 
 
 
Equity securities
25
%
20%-30%
25
%
25
%
Fixed income securities
75
%
70%-80%
75
%
75
%
 
100
%
 
100
%
100
%