Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2017

Employee Benefit Plans

Schedule of funded status of the retirement income plan

December 31,	2017			2016
(in thousands)
Accumulated benefit obligation at end of year	$	46,397		$	44,315
CHANGE IN PROJECTED BENEFIT OBLIGATION:
Benefit obligation at beginning of year	$	44,315		$	42,894
Service cost		—			—
Interest cost		1,932			2,006
Amendments		—			—
Actuarial loss		2,206			1,371
Benefits paid		(2,056	)		(1,956	)
Projected benefit obligation at end of year	$	46,397		$	44,315
CHANGE IN PLAN ASSETS:
Fair value of plan assets at beginning of year	$	34,745		$	30,937
Actual return on plan assets		5,361			1,464
Employer contribution		—			4,300
Benefits paid		(2,056	)		(1,956	)
Fair value of plan assets at end of year	$	38,050		$	34,745
Funded status at end of year	$	(8,347	)	$	(9,570	)

December 31,	2017		2016
(in thousands)
AMOUNTS (PRE-TAX) RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) CONSIST OF:
Net loss	$	22,762	$	24,412
Prior service cost (credit)		—		—
Net transition obligation (asset)		—		—
	$	22,762	$	24,412

Schedule of amounts recognized in balance sheet

December 31,	2017			2016
(in thousands)
Funded status of the Retirement Income Plan	$	(8,347	)	$	(9,570	)
SERP liability		(27,288	)		(23,294	)
Long-term pension liabilities	$	(35,635	)	$	(32,864	)

Schedule of net periodic benefit cost

Years ended December 31,	2017			2016			2015
(in thousands)
Service cost for benefits earned during the period	$	—		$	—		$	—
Interest cost on projected benefit obligation		1,932			2,006			1,898
Expected return on plan assets		(2,356	)		(2,131	)		(2,259	)
Amortization of net loss		851			799			790
Net periodic benefit plan cost	$	427		$	674		$	429

Schedule of amounts recognized in other comprehensive loss

(in thousands)	2017			2016			2015
Net (gain) loss	$	(799	)	$	2,039		$	(1,621	)
Amortization of net loss		(851	)		(799	)		(790	)
Net transition obligation (asset)		—			—			—
Amount recognized in accumulated other comprehensive loss	$	(1,650	)	$	1,240		$	(2,411	)

Schedule of components of net periodic benefit

(in thousands)	2018
Amortization of net loss	$	775
Prior service cost (credit)		—
Net transition obligation (asset)		—
Estimated net periodic benefit plan cost	$	775

Schedule of weighted average assumptions

December 31,	2017			2016			2015
Projected Benefit Obligation:
Discount rate		4.00	%		4.45	%		4.70	%
Rate of compensation increase		N/A			N/A			N/A
Net Benefit Cost:
Discount rate		4.45	%		4.70	%		4.15	%
Expected return on plan assets		7.00	%		7.00	%		7.00	%
Rate of compensation increase		N/A			N/A			N/A

Schedule of allocation of plan assets

	Target Allocation			Percentage of Plan Assets
December 31,	2018			2017			2016
Asset Category
Cash and cash equivalents		0% - 3.0	%		2.8	%		3.3	%
Fixed income securities		15% - 25.0	%		23.8	%		25.3	%
Domestic equity securities		0% - 40.0	%		42.4	%		25.5	%
International equity securities		0% - 20.0	%		20.7	%		20.8	%
Investments measured at net asset value		0% - 12.0	%		10.3	%		25.1	%
Total					100.0	%		100.0	%

Schedule of level three defined benefit plan assets

Fair Value Hierarchy as of December 31, 2017:
Investments (in thousands)			Total		Level 1		Level 2
Cash and Cash Equivalents	(1	)	$	1,084	$	1,084	$	—
Fixed Income Securities	(2	)		9,064		—		9,064
Domestic Equity Securities	(3	)		16,103		5,930		10,173
International Equity Securities	(4	)		7,889		—		7,889
Total Assets in the Fair Value Hierarchy			$	34,140	$	7,014	$	27,126
Investments measured at Net Asset Value				3,910
Investments at Fair Value			$	38,050

Fair Value Hierarchy as of December 31, 2016:
Investments (in thousands)			Total		Level 1		Level 2
Cash and Cash Equivalents	(1	)	$	1,154	$	1,154	$	—
Fixed Income Securities	(2	)		8,804		—		8,804
Domestic Equity Securities	(3	)		8,865		4,469		4,396
International Equity Securities	(4	)		7,215		—		7,215
Total Assets in the Fair Value Hierarchy			$	26,038	$	5,623	$	20,415
Investments measured at Net Asset Value				8,707
Investments at Fair Value			$	34,745

(1) Cash and cash equivalents, which are used to pay benefits and plan administrative expenses, are held in Rule 2a-7 money market funds.

(2) Fixed income securities are primarily valued using a market approach with inputs that include broker quotes, benchmark yields, base spreads and reported trades.

(3) Domestic equity securities are valued using a market approach based on the quoted market prices of identical instruments in their respective markets.

(4) International equity securities are valued using a market approach based on the quoted market prices of identical instruments in their respective markets.

Schedule of future benefits payable for the retirement income plan over the next ten years

(in thousands)
2018	$	2,543
2019		2,614
2020		2,659
2021		2,748
2022		2,788
2023-2027		14,490

Schedule of summary of the changes in non-vested restricted shares

	Shares			Weighted Average Grant- Date Fair Value
Non-vested shares at January 1, 2017		3,217,075		$	12.91
Granted		563,065			21.66
Vested		(900,051	)		13.34
Forfeited		(143,724	)		14.25
Non-vested shares at December 31, 2017		2,736,365		$	14.50

	Shares			Weighted Average Grant- Date Fair Value
Non-vested shares at January 1, 2016		3,312,175		$	13.17
Granted		920,100			10.77
Vested		(891,245	)		11.58
Forfeited		(123,955	)		13.41
Non-vested shares at December 31, 2016		3,217,075		$	12.91