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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Employee Benefit Plans  
Schedule of funded status of the retirement income plan
 
December 31,
  
2014
    
2013
  
(in thousands)
        
Accumulated Benefit Obligation at end of year
  
$
47,410
    
$
37,528
  
                 
CHANGE IN PROJECTED BENEFIT OBLIGATION:
                
Benefit obligation at beginning of year
  
$
37,528
    
$
42,699
  
Service cost
    
—
      
—
  
Interest cost
    
1,946
      
1,741
  
Amendments
    
—
      
—
  
Actuarial loss (gain)
    
9,725
      
(5,199
)
Benefits paid
    
(1,789
)
    
(1,713
)
Projected benefit obligation at end of year
  
$
47,410
    
$
37,528
  
CHANGE IN PLAN ASSETS:
                
Fair value of plan assets at beginning of year
  
$
32,426
    
$
29,519
  
Actual return on plan assets
    
1,220
      
3,820
  
Employer contribution
    
765
      
800
  
Benefits paid
    
(1,789
)
    
(1,713
)
Fair value of plan assets at end of year
    
32,622
      
32,426
  
                 
Funded status at end of year
  
$
(14,788
)
  
$
(5,102
)
 
December 31,
  
2014
    
2013
  
(in thousands)
        
AMOUNTS RECOGNIZED IN THE CONSOLIDATED BALANCE SHEETS CONSIST OF:
        
Noncurrent assets
  
$
—
    
$
—
  
Current liabilities
    
—
      
—
  
Noncurrent liabilities
    
(14,788
)
    
(5,102
)
   
$
(14,788
)
  
$
(5,102
)
 
December 31,
  
2014
    
2013
  
(in thousands)
        
AMOUNTS (PRE-TAX) RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) CONSIST OF:
        
Net loss (gain)
  
$
25,583
    
$
15,369
  
Prior service cost (credit)
    
—
      
—
  
Net transition obligation (asset)
    
—
      
—
  
   
$
25,583
    
$
15,369
  
 
Schedule of amounts recognized in balance sheet
December 31,
  
2014
    
2013
  
(in thousands)
        
Funded status
  
$
(14,788
)
  
$
(5,102
)
SERP liability
    
(19,611
)
    
(16,864
)
Long-term pension liability
  
$
(34,399
)
  
$
(21,966
)
Schedule of net periodic benefit cost
Years ended December 31,
  
2014
    
2013
    
2012
  
(in thousands)
            
Service cost for benefits earned during the period
  
$
—
    
$
—
    
$
—
  
Interest cost on projected benefit obligation
    
1,946
      
1,741
      
1,869
  
Expected return on plan assets
    
(2,240
)
    
(2,043
)
    
(1,846
)
Amortization of net loss
    
531
      
784
      
667
  
Net periodic benefit plan cost
  
$
237
    
$
482
    
$
690
  
Schedule of amounts recognized in other comprehensive loss
(in thousands)
  
2014
    
2013
    
2012
  
Net loss (gain)
  
$
10,745
    
$
(6,976
)
  
$
3,355
  
Amortization of net loss
    
(531
)
    
(784
)
    
(667
)
Net transition obligation (asset)
    
—
      
—
      
—
  
Amount recognized in accumulated other comprehensive loss
  
$
10,214
    
$
(7,760
)
  
$
2,688
  
Schedule of components of net periodic benefit
(in thousands)
  
2015
  
Amortization of net loss
  
$
804
  
Prior service cost (credit)
    
—
  
Net transition obligation (asset)
    
—
  
Estimated net periodic benefit plan cost
  
$
804
  
Schedule of weighted average assumptions
December 31,
  
2014
    
2013
    
2012
  
Projected Benefit Obligation:
            
Discount rate
    
4.15
%
    
5.20
%
    
4.16
%
Rate of compensation increase
    
N/A
    
N/A
 
    
N/A
 
Net Benefit Cost:
                        
Discount rate
    
5.20
%
    
4.16
%
    
5.00
%
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
Asset Category
  
Target
Allocation
for 2015
  
Percentage of
Plan Assets as of
December 31,
2014
  
Percentage of
Plan Assets as of
December 31,
2013
  
Cash and Cash Equivalents
    
0% - 5
%
  
1.0
%
  
0.6
%
Debt Securities – Core Fixed Income
    
15% - 50
%
  
24.3
%
  
25.3
%
Domestic Equity Securities
    
0% - 40
%
  
37.0
%
  
26.6
%
International Equity Securities
    
0% - 30
%
  
22.8
%
  
31.4
%
Real Estate
    
0% - 20
%
  
10.5
%
  
8.3
%
Real Return
    
0% - 20
%
  
1.6
%
  
7.8
%
Alternative/Opportunistic/Special funds
    
0% - 20
%
  
2.8
%
  
—
%
Total
    
100
%
  
100.0
%
  
100.0
%
Schedule of level three defined benefit plan assets
Fair Value Hierarchy as of December 31, 2014:
Investments (in thousands)
        
Total
    
Level 1
    
Level 2
    
Level 3
  
Cash and Cash Equivalents
    
(1
)
  
$
329
    
$
329
    
$
—
    
$
—
  
Fixed Income Securities
    
(2
)
    
7,915
      
3,194
      
4,721
      
—
  
Domestic Equity Securities
    
(3
)
    
12,076
      
4,324
      
7,752
      
—
  
International Equity Securities
    
(4
)
    
7,442
      
—
      
7,442
      
—
  
Real Estate
    
(5
)
    
3,420
      
—
      
—
      
3,420
  
Real Return
    
(6
)
    
515
      
—
      
515
      
—
  
Alternative/Opportunistic/Special funds
    
(7
)
    
925
      
—
      
—
      
925
  
           
$
32,622
    
$
7,847
    
$
20,430
    
$
4,345
  
 
 
Fair Value Hierarchy as of December 31, 2013:
 
Investments (in thousands)
         
Total
    
Level 1
    
Level 2
    
Level 3
  
Cash and Cash Equivalents
    
(1
)
  
$
210
    
$
210
    
$
—
    
$
—
  
Fixed Income Securities
    
(2
)
    
8,201
      
—
      
8,201
      
—
  
Domestic Equity Securities
    
(3
)
    
8,590
      
8,590
      
—
      
—
  
International Equity Securities
    
(4
)
    
10,192
      
—
      
10,192
      
—
  
Real Estate
    
(5
)
    
2,705
      
—
      
—
      
2,705
  
Real Return
    
(6
)
    
2,528
      
—
      
2,528
      
—
  
           
$
32,426
    
$
8,800
    
$
20,921
    
$
2,705
  
 
(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.
(5)
Real estate fund values are primarily reported by the fund manager and are based on valuation of the underlying investments, which include inputs such as cost, discounted future cash flows, independent appraisals and market based comparable data.
(6)
Real return funds invest in global equities, commodities and inflation protected core bonds that are valued primarily using a market approach based on the quoted market prices of identical instruments in their respective markets.
(7)
Alternative/Opportunistic/Special funds can invest across the capital structure in both liquid and illiquid securities that are valued using a market approach based on the quoted market prices of identical instruments, or if no market price is available, instruments will be held at their fair market value (which may be cost) as reasonably determined by the investment manager, independent dealers, or pricing services.
Schedule of reconciliation of level 3 assets
The following table presents a reconciliation of Level 3 assets held during the year ended December 31, 2014:
Investments (in thousands)
  
Balance at 
December 31, 
2013
    
Net Realized
and
Unrealized
Gains/(Losses)
    
Net
Purchases, 
Issuances 
and 
Settlements
    
Net 
Transfers In 
to (Out of) 
Level 3
    
Balance at 
December 31, 
2014
  
Real Estate
  
$
2,705
    
$
133
    
$
582
    
$
—
    
$
3,420
  
Alternative/Opportunistic/Special funds
    
—
      
21
      
904
      
—
      
925
  
   
$
2,705
    
$
154
    
$
1,486
    
$
—
    
$
4,345
  
The following table presents a reconciliation of Level 3 assets held during the year ended December 31, 2013:
 
Investments (in thousands)
Balance at December 
31, 2012
  
Net Realized 
and 
Unrealized 
Gains/(Losses)
  
Net Purchases,
Issuances and 
Settlements
  
Net 
Transfers In 
to (Out of) 
Level 3
  
Balance at 
December 31,
2013
  
Real Estate
  
$
2,730
    
$
217
    
$
(242
)
  
$
—
    
$
2,705
  
Schedule of future benefits payable for the retirement income plan over the next ten years
(in thousands)
       
2015
  
$
2,074
  
2016
    
2,288
  
2017
    
2,360
  
2018
    
2,461
  
2019
    
2,522
  
2020-2024
    
13,669
  
Schedule of summary of the changes in non-vested restricted shares
   
Shares
    
Weighted Average Grant-
Date Fair Value
  
Non-vested shares at January 1, 2014
    
4,114,800
    
$
9.67
  
Granted
    
657,375
      
18.84
  
Vested
    
(1,108,790
)
    
7.20
  
Forfeited
    
(88,235
)
    
12.83
  
Non-vested shares at December 31, 2014
    
3,575,150
    
$
12.04
  
                 

   
Shares
    
Weighted Average Grant-
Date Fair Value
  
Non-vested shares at January 1, 2013
    
4,494,191
    
$
8.12
  
Granted
    
850,500
      
13.68
  
Vested
    
(1,078,534
)
    
6.36
  
Forfeited
    
(151,357
)
    
9.72
  
Non-vested shares at December 31, 2013
    
4,114,800
    
$
9.67