PENSION PLAN AND OTHER BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2018

Pension Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Change in Benefit Obligation

The following table presents (1) changes in the plan's projected benefit obligation and plan assets, and (2) the plan's funded status at December 31, 2018 and 2017 (in thousands):

Change in projected benefit obligation:	2018			2017
Benefit obligation at beginning of year	$	42,240		$	39,791
Service cost	—			—
Interest cost	1,551			1,646
Actuarial (gain) loss	(2,491		)	2,634
Curtailments	—			—
Settlements	(3,288		)	—
Benefits paid	(1,990		)	(1,831		)
Benefit obligation at end of year	$	36,022		$	42,240

Change in Plan Assets

Change in plan assets:	2018			2017
Fair value of plan assets at beginning of year	$	46,672		$	41,560
Actual return on plan assets	82			6,943
Employer contributions	—			—
Settlements	(3,288		)	—
Benefits paid	(1,990		)	(1,831		)
Fair value of plan assets at end of year	$	41,476		$	46,672
Funded status	$	5,454		$	4,432

Amount Recognized in Accumulated Other Comprehensive Income

Amount recognized in accumulated other comprehensive income (loss) at December 31, 2018 and 2017 consist of the following (in thousands):

	2018		2017
Net actuarial loss	$	9,075	$	9,356
Prior service cost	—		—
Total before tax effects	$	9,075	$	9,356

Assumptions Used in Determining Benefit Obligation

The principal actuarial assumptions used in determining the projected benefit obligation as of December 31, 2018, 2017 and 2016 were as follows:

	2018		2017		2016
Discount rate	4.35	%	3.74	%	4.16	%
Assumed rate of future compensation increase	N/A		N/A		N/A

Components of Net Periodic Benefit Cost

Components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) in 2018, 2017 and 2016 consist of the following (in thousands):

Net periodic benefit cost	2018			2017			2016
Service cost, benefits earned during the year	$	—		$	—		$	1,047
Interest cost on projected benefit obligation	1,551			1,646			1,883
Expected return on plan assets	(3,309		)	(3,144		)	(3,019		)
Amortization of net loss	188			267			1,549
Amortization of  prior service cost	—			—			7
Recognized (gain) loss due to settlements	828			—			—
Net periodic cost (benefit)	$	(742	)	$	(1,231	)	$	1,467

Schedule of Other Amounts Recognized in Other Comprehensive Income

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):	2018			2017			2016
Net actuarial (gain) loss	$	736		$	(1,165	)	$	(5,526	)
Recognized loss	(1,016		)	(267		)	(1,549		)
Amortization of prior service cost	—			—			(7		)
Total recognized in other comprehensive income (loss) (before tax effect)	$	(280	)	$	(1,432	)	$	(7,082	)
Total recognized in net (benefit) cost and other comprehensive income (loss) (before tax effect)	$	(1,022	)	$	(2,663	)	$	(5,615	)

Amounts Expected to be Recognized in Net Periodic Cost

Amounts expected to be recognized in net periodic cost during 2019 (in thousands):
Loss recognition	$	196
Prior service cost recognition	$	—

Assumptions Used in Determining Net Periodic Benefit Cost

The principal actuarial assumptions used in determining the net periodic benefit cost for the years ended December 31, 2018, 2017 and 2016 were as follows:

	2018		2017		2016
Discount rate	3.74	%	4.16	%	4.39	%
Expected long-term rate of return on assets	7.25	%	7.75	%	7.75	%
Assumed rate of future compensation increase	N/A		N/A		5.00	%

Target Assets Allocations

The expected return on plan assets was determined based on a CAPM using historical and expected future returns of the various asset classes, reflecting the target allocations described below.

Asset Class	Target Allocation 2018	Percentage of Plan Assets at December 31,				Expected Long-Term Rate of Return
		2018		2017
Large cap domestic equities	20% - 50%	38	%	40	%	10.3	%
Mid-cap domestic equities	0% - 15%	2	%	6	%	10.6	%
Small-cap domestic equities	0% - 10%	6	%	7	%	10.8	%
International equities	0% - 20%	4	%	13	%	10.3	%
Intermediate fixed income	30% - 70%	37	%	29	%	4.7	%
Alternative assets	0% - 10%	—	%	—	%	7.5	%
Cash	0% - 20%	13	%	5	%	2.5	%
Total		100	%	100	%

Fair Value of Plan Assets

The fair value of the plan assets at December 31, 2018 and 2017, by asset class are as follows (in thousands):

			Fair Value Measurement at December 31, 2018 Using
Plan Assets	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	5,476	$	5,476	$	—	$	—
Equity securities:
U.S. companies	16,244		16,244		—		—
International companies	—		—		—		—
Mutual funds	16,242		16,242		—		—
Debt securities:
U.S. Treasuries/Government bonds	2,031		—		2,031		—
U.S. Corporate bonds	1,483		—		1,483		—
Total plan assets	$	41,476	$	37,962	$	3,514	$	—

			Fair Value Measurement at December 31, 2017 Using
Plan Assets	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	2,066	$	2,066	$	—	$	—
Equity securities:
U.S. companies	20,865		20,865		—		—
International companies	—		—		—		—
Mutual funds	19,253		19,253		—		—
Debt securities:
U.S. Treasuries/Government bonds	2,217		—		2,217		—
U.S. Corporate bonds	2,271		—		2,271		—
Total plan assets	$	46,672	$	42,184	$	4,488	$	—

Estimated Benefit Payments

The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the pension plan (in thousands):

Calendar Year	Future Expected Benefit Payments
2019	$	2,181
2020	$	2,198
2021	$	2,212
2022	$	2,235
2023	$	2,252
2024-2028	$	11,331

Defined Benefit Health Care Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Change in Benefit Obligation

The following table presents (1) changes in the plan's accumulated postretirement benefit obligation and (2) the plan's funded status at December 31, 2018 and 2017 (in thousands):

Changes in accumulated postretirement benefit obligation:	2018			2017
Accumulated postretirement benefit obligation - beginning of year	$	441		$	423
Service cost	—			—
Interest cost	16			20
Participant contributions	73			76
Amendments	—			—
Actuarial (gain) loss	22			98
Benefits paid	(189		)	(176		)
Accumulated postretirement benefit obligation at end of year	$	363		$	441

Change in Plan Assets

Change in plan assets:	2018			2017
Fair value of plan assets at beginning of year	$	—		$	—
Employer contribution	116			100
Plan participants’ contributions	73			76
Benefits paid	(189		)	(176		)
Fair value of plan assets at end of year	$	—		$	—
Unfunded status	$	(363	)	$	(441	)

Amount Recognized in Accumulated Other Comprehensive Income

Amount recognized in accumulated other comprehensive income (loss) at December 31, 2018 and 2017 consist of the following (in thousands):

	2018			2017
Net actuarial loss	$	491		$	592
Prior service credit	(661		)	(881		)
Total before tax effects	$	(170	)	$	(289	)

Components of Net Periodic Benefit Cost

The components of net periodic postretirement benefit cost for the years ended December 31, 2018, 2017 and 2016 are as follows (in thousands):

Net periodic cost (benefit)	2018			2017			2016
Service cost	$	—		$	—		$	43
Interest cost	16			20			66
Amortization of prior service benefit	(220		)	(220		)	(97		)
Recognized actuarial loss	123			143			20
Recognized prior service benefit due to curtailments	—			—			(337		)
Net periodic postretirement cost (benefit)	$	(81	)	$	(57	)	$	(305	)

Schedule of Other Amounts Recognized in Other Comprehensive Income

Other changes in plan assets and benefit obligations   recognized  in other comprehensive income (loss):	2018			2017			2016
Net actuarial loss	$	22		$	98		$	139
Recognized actuarial loss	(123		)	(143		)	(20		)
Prior service credit	—			—			(1,101		)
Amortization of prior service benefit	220			220			434
Total recognized in other comprehensive income (loss)(before tax effect)	$	119		$	175		$	(548	)
Total recognized in net benefit cost and other comprehensive income (loss) (before tax effect)	$	38		$	118		$	(853	)

Amounts Expected to be Recognized in Net Periodic Cost

Amounts expected to be recognized in net periodic cost during 2019 (in thousands):
Loss recognition	$	114
Prior service cost recognition	$	(220	)

Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates

Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plan.  A one-percentage point change in assumed health care cost trend rates would have the following effects (in thousands):

Effect of a 1% increase in health care trend rate on:	2018		2017		2016
Benefit obligation	$	4	$	5	$	2
Total service and interest cost	$	—	$	—	$	—

Effect of a 1% decrease in health care trend rate on:	2018			2017			2016
Benefit obligation	$	(4	)	$	(6	)	$	(3	)
Total service and interest cost	$	—		$	—		$	—

Weighted-Average Assumption for Disclosure of Health Care Cost Trend

Weighted-average assumption for disclosure as of December 31:	2018		2017		2016
Discount rate	4.35	%	3.74	%	4.16	%
Health care cost trend: Initial (Pre-65/Post 65)	6.95% / 5.45%		6.50	%	6.50	%
Health care cost trend: Ultimate (Pre-65/Post 65)	4.75% / 4.75%		5.00	%	5.00	%
Year ultimate cost trend reached	2024		2021		2020

Weighted-Average Assumption for Net Periodic Cost

Weighted-average assumptions for net periodic cost as of December 31:	2018		2017		2016
Discount rate	3.74	%	4.16	%	4.39	%
Health care cost trend: Initial	6.50	%	6.50	%	7.00	%
Health care cost tread: Ultimate	5.00	%	5.00	%	5.00	%
Year ultimate reached	2021		2020		2019

Estimated Benefit Payments

The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten (in thousands):

Calendar Year	Future Estimated Benefit Payments
2019	$	132
2020	$	81
2021	$	42
2022	$	33
2023	$	33
2024-2028	$	58

Executive Supplemental Pension Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Change in Benefit Obligation

The following table presents Executive Supplemental Pension plan status at December 31, 2018 and 2017 (in thousands):

Change in projected benefit obligation:	2018			2017
Benefit obligation at beginning of year	$	1,289		$	1,248
Service cost	—			—
Interest cost	46			50
Actuarial (gain) loss	(47		)	66
Benefits paid	(109		)	(75		)
Projected benefit obligation at end of year	$	1,179		$	1,289

Change in Plan Assets

Changes in plan assets:	2018			2017
Fair value of plan assets at beginning of year	$	—		$	—
Employer contributions	109			75
Benefits paid	(109		)	(75		)
Fair value of plan assets at end of year	$	—		$	—
Unfunded status	$	(1,179	)	$	(1,289	)

Amount Recognized in Accumulated Other Comprehensive Income

Amounts recognized in accumulated other comprehensive income (loss) at December 31, 2018 and 2017 consist of the following (in thousands):

	2018		2017
Net actuarial loss	$	174	$	228
Prior service cost	—		—
Total before tax effects	$	174	$	228

Assumptions Used in Determining Benefit Obligation

Accumulated benefit obligation at December 31, 2018 and 2017 was $1.2 million and $1.3 million, respectively.

Weighted-average assumption for disclosure as of December 31:	2018		2017		2016
Discount rate	4.35	%	3.74	%	4.16	%
Assumed rate of future compensation increase	N/A		N/A		N/A

Components of Net Periodic Benefit Cost

The components of net periodic benefit cost for the years ended December 31, 2018, 2017 and 2016 are as follows (in thousands):

Net periodic benefit cost	2018		2017		2016
Service cost	$	—	$	—	$	43
Interest cost	46		50		51
Recognized actuarial loss	7		3		26
Net periodic postretirement benefit cost	$	53	$	53	$	120

Schedule of Other Amounts Recognized in Other Comprehensive Income

Other changes in plan assets and benefit obligation recognized in other comprehensive income (loss):	2018			2017			2016
Net actuarial (gain) loss	$	(47	)	$	66		$	18
Recognized actuarial loss	(7		)	(3		)	(26		)
Total recognized in other comprehensive income (loss) (before tax effect)	$	(54	)	$	63		$	(8	)
Total recognized in net benefit cost and other comprehensive income (loss) (before tax effect)	$	(1	)	$	116		$	112

Amounts Expected to be Recognized in Net Periodic Cost

Amounts expected to be recognized in net periodic cost during 2019 (in thousands):
Loss recognition	$	4
Prior service cost recognition	$	—

Assumptions Used in Determining Net Periodic Benefit Cost

Weighted-average assumptions for net periodic cost as of December 31:	2018		2017		2016
Discount rate	3.74	%	4.16	%	4.39	%
Salary scale	N/A		N/A		N/A

Estimated Benefit Payments

The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the Supplemental Pension Plan (in thousands):

Calendar Year	Future Estimated Benefit Payments
2019	$	109
2020	$	107
2021	$	105
2022	$	103
2023	$	100
2024-2028	$	443