BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Funded Status for All Qualified and Non-Qualified Defined Benefit Plans

Summarized below is the funded status and the amounts recorded on the Company's consolidated balance sheets for all of the Company's Defined Benefit Plans at December 31, 2014 and 2013:

	December 31,
	2014			2013
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	433,916		$	392,312
Service cost	774			45,346
Interest cost	18,040			14,128
Actuarial loss	9,006			5,282
Transfer of liabilities	—			(208		)
Benefits paid	(30,890		)	(22,944		)
Projected benefit obligation at end of year	430,846			433,916
Change in plan assets:
Fair value of plan assets at beginning of year	268,610			290,836
Actual return (loss) on plan assets, net	11,687			(8,694		)
Employer contributions	54,269			9,620
Transfer of assets	—			(208		)
Benefits paid	(30,890		)	(22,944		)
Fair value of plan assets at end of year	303,676			268,610
Unfunded status at end of year	$	(127,170	)	$	(165,306	)

Other Pre-Tax Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss

Other changes in plan assets and benefit obligations recorded in accumulated other comprehensive loss for the years ended December 31, 2014 and 2013 are as follows:

		Defined Benefit Plans
Changes in plan assets and benefit obligations, before taxes:		2014			2013			2012
	Unrecognized actuarial loss	$	6,866		$	21,842		$	16,732
	Tax expense (benefit)	(2,815		)	(8,984		)	(6,848		)
		4,051			12,858			9,884
	Amortization of actuarial losses, net included in net periodic benefit cost	(2,364		)	(1,645		)	(1,067		)
	Tax expense (benefit)	969			677			437
		(1,395		)	(968		)	(630		)
	Settlement loss included in net periodic benefit cost	(5,348		)	—			—
	Tax expense (benefit)	2,193			—			—
		(3,155		)	—			—
Changes in plan assets and benefit obligations, net of taxes		$	(499	)	$	11,890		$	9,254

Net Funded Status Relating to Defined Benefit Plans

The Company's net funded status relating to its defined benefit plans at December 31, 2014 and 2013 are as follows:

	2014			2013
Defined Benefit Plans	$	(127,170	)	$	(165,306	)
Less:  Current portion	6,526			2,494
Long-term defined benefit plan obligations	$	(120,644	)	$	(162,812	)

Components of Net Periodic Benefit Cost for Defined Benefit Plans

Components of the net periodic benefit cost, recorded primarily in selling, general and administrative expenses, for the Defined Benefit Plans for the years ended December 31, 2014, 2013 and 2012, are as follows:

	Years Ended December 31,
	2014			2013			2012
Service cost	$	774		$	45,346		$	39,789
Interest cost	18,040			14,128			14,570
Expected return on plan assets, net	(9,548		)	(7,866		)	(9,127		)
Recognized actuarial loss (reclassified from accumulated other comprehensive loss)	2,364			1,645			752
Settlement loss (reclassified from accumulated other comprehensive loss) (a)	5,348			—			315
Net periodic benefit cost	$	16,978		$	53,253		$	46,299

(a) As a result of benefit payments to terminated or retired individuals exceeding the service and interest costs for the Pension Plan and the Excess Cash Balance Pension Plan during 2014, the Company recognized a non-cash settlement loss that represented the acceleration of the recognition of a portion of the previously unrecognized actuarial losses recorded in accumulated other comprehensive loss on the Company’s consolidated balance sheets relating to these plans.

Plan Assumptions for Defined Benefit Plans

Weighted-average assumptions used to determine net periodic cost (made at the beginning of the year) and benefit obligations (made at the end of the year) for the Defined Benefit Plans are as follows:

	Weighted-Average Assumptions
	Net Periodic Benefit Cost for the Years Ended December 31,						Benefit Obligations at December 31,
	2014		2013		2012		2014		2013
Discount rate (a)	4.24	%	3.67	%	4.32	%	3.70	%	4.56	%
Rate of increase in future compensation levels	3.50	%	3.50	%	3.50	%	3.50	%	3.50	%
Expected rate of return on plan assets (Pension Plan only)	4.53	%	3.60	%	3.76	%	N/A		N/A

(a) The discount rate of 4.24% in 2014 represents the average of the quarterly discount rates used to remeasure the Company's projected benefit obligation and net periodic benefit cost in connection with the recognition of settlement losses discussed above.

Weighted Average Asset Allocations of Pension Plan

The weighted average asset allocations of the Pension Plan at December 31, 2014 and 2013 were as follows:

	Plan Assets at December 31,
	2014		2013
Asset Class:
Mutual funds	39	%	—	%
Fixed income securities	58		88
Cash equivalents and other	3		12
	100	%	100	%

Fair Values of the Pension Plan Assets by Asset Category

The fair values of the assets of the Pension Plan at December 31, 2014 by asset class are as follows:

Asset Class	Level I		Level II		Level III		Total
Mutual funds	$	119,543	$	—	$	—	$	119,543
Fixed income securities held in a portfolio:
Foreign issued corporate debt	—		17,778		—		17,778
U.S. corporate debt	—		50,155		—		50,155
Government debt	—		10,239		—		10,239
U.S. Treasury securities	—		81,552		—		81,552
Asset-backed securities	—		17,610		—		17,610
Cash equivalents (a)	3,580		—		—		3,580
Total (b)	$	123,123	$	177,334	$	—	$	300,457

(a) Represents an investment in a money market fund.

(b) Excludes cash and net receivables relating to the sale of securities that were not settled as of December 31, 2014.

The fair values of the assets of the Pension Plan at December 31, 2013 by asset class are as follows:

Asset Class	Level I		Level II		Level III		Total
Fixed income securities held in a portfolio:
Foreign issued corporate debt	$	—	$	26,998	$	—	$	26,998
U.S. corporate debt	—		75,068		—		75,068
Government debt	—		11,993		—		11,993
U.S. Treasury securities	—		121,895		—		121,895
Cash equivalents (a)	8,444		29,019		—		37,463
Total (b)	$	8,444	$	264,973	$	—	$	273,417

(a) A significant portion represents an investment in a short-term investment fund that invests primarily in securities of high quality and low risk.

(b) Excludes net payables relating to the purchase of securities that were not settled as of December 31, 2013.

Projected Future Benefit Payments for Qualified and Non-Qualified Defined Benefit Plans

The following benefit payments are expected to be paid:

2015	$	41,115
2016	31,440
2017	28,690
2018	28,540
2019	27,820
2020-2024	132,360