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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2014
Employee Benefit Plans [Abstract]  
Components of accumulated other comprehensive income (loss), net periodic benefit cost
The Company expects that $2.4 million in net actuarial loss and $0.2 million in prior service costs will be recognized as components of net periodic benefit cost in 2015.
 
 
Pension Benefits
 
Other Benefits
 
(In thousands)
2014
 
2013
 
2014
 
2013
 
Net actuarial loss
 
$
28,767
  
$
11,286
  
$
2,929
  
$
1,628
 
Prior service cost
  
97
   
118
   
(314
)
  
(521
)
Total amounts recognized in accumulated other comprehensive loss (pre-tax)
 
$
28,864
  
$
11,404
  
$
2,615
  
$
1,107
 
Changes in benefit obligations, changes in plan assets, and the funded status of the pension plans and postretirement benefits
A December 31 measurement date is used for the pension, supplemental pension and postretirement benefit plans.  The following table sets forth changes in benefit obligations, changes in plan assets, and the funded status of the pension plans and other postretirement benefits:

 
 
Pension Benefits
  
Other Benefits
 
(In thousands)
 
2014
  
2013
  
2014
  
2013
 
Change in benefit obligation
 
  
  
  
 
Benefit obligation at beginning of year
 
$
85,667
  
$
85,130
  
$
7,428
  
$
4,071
 
Service cost
  
2,290
   
2,493
   
16
   
23
 
Interest cost
  
4,142
   
3,223
   
347
   
286
 
Plan participants' contributions
  
-
   
-
   
266
   
269
 
Actuarial(gain) loss
  
12,501
   
(10,853
)
  
1,452
   
(369
)
Amendments
  
-
   
-
   
-
   
(54
)
Acquisition
  
-
   
10,958
   
-
   
3,928
 
Benefits paid
  
(6,044
)
  
(5,284
)
  
(799
)
  
(726
)
Projected benefit obligation at end of year
  
98,556
   
85,667
   
8,710
   
7,428
 
Change in plan assets
                
Fair value of plan assets at beginning of year
  
118,574
   
99,705
   
-
   
-
 
Actual return on plan assets
  
3,950
   
18,451
   
-
   
-
 
Acquisition
  
-
   
4,994
   
-
   
-
 
Employer contributions
  
752
   
708
   
533
   
457
 
Plan participants' contributions
  
-
   
-
   
266
   
269
 
Benefits paid
  
(6,044
)
  
(5,284
)
  
(799
)
  
(726
)
Fair value of plan assets at end of year
  
117,232
   
118,574
   
-
   
-
 
 
                
Funded status at year end
 
$
18,676
  
$
32,907
  
$
(8,710
)
 
$
(7,428
)
Amounts recognized in balance sheet
The funded status of the pension and other postretirement benefit plans has been recognized as follows in the consolidated balance sheets at December 31, 2014 and 2013. 

 
Pension Benefits
 
Other Benefits
 
(In thousands)
2014
 
2013
 
2014
 
2013
 
Other assets
 
$
39,044
  
$
48,189
  
$
-
  
$
-
 
Other liabilities
  
(20,368
)
  
(15,282
)
  
(8,710
)
  
(7,428
)
Funded status
 
$
18,676
  
$
32,907
  
$
(8,710
)
 
$
(7,428
)
Assumptions used to determine benefit obligations and net periodic pension cost
The following assumptions were used to determine the benefit obligation and the net periodic pension cost for the years indicated:

 
 
Years ended December 31,
 
 
 
2014
  
2013
  
2012
 
Weighted average assumptions:
 
  
  
 
The following assumptions were used to determine benefit obligations:
 
  
  
 
Discount rate
  
4.19% - 4.30
%
  
4.90%-5.05
%
  
3.50
%
Expected long-term return on plan assets
  
7.50
%
  
7.50
%
  
7.50
%
Rate of compensation increase
  
3.00%-3.75
%
  
3.00
%
  
3.00
%
 
            
The following assumptions were used to determine net periodic pension cost:
            
Discount rate
  
4.90%-5.05
%
  
3.50
%
  
4.10
%
Expected long-term return on plan assets
  
7.50
%
  
7.50
%
  
7.50
%
Rate of compensation increase
  
3.00%-3.75
%
  
3.00
%
  
3.00
%
Components of net periodic pension benefits and other benefit costs
Net periodic benefit cost and other amounts recognized in other comprehensive income (loss) for the years ended December 31 included the following components:

 
 
Pension Benefits
  
Other Benefits
 
(In thousands)
 
2014
  
2013
  
2012
  
2014
  
2013
  
2012
 
Components of net periodic benefit cost
 
  
  
  
  
  
 
Service cost
 
$
2,290
  
$
2,493
  
$
3,122
  
$
16
  
$
23
  
$
20
 
Interest cost
  
4,142
   
3,223
   
3,145
   
347
   
286
   
155
 
Expected return on plan assets
  
(8,681
)
  
(7,804
)
  
(6,686
)
  
-
   
-
   
-
 
Amortization of prior service cost
  
23
   
23
   
283
   
(206
)
  
(205
)
  
(202
)
Amortization of unrecognized net loss
  
79
   
2,692
   
3,330
   
151
   
280
   
182
 
Net periodic pension cost
 
$
(2,147
)
 
$
627
  
$
3,194
  
$
308
  
$
384
  
$
155
 
 
                        
Other changes in plan assets and benefit obligations recognized in other comprehensive income (pre-tax)
                        
Net loss (gain)
 
$
17,233
  
$
(21,500
)
 
$
894
  
$
1,452
  
$
(369
)
 
$
136
 
Prior service cost
  
-
   
-
   
(1,006
)
  
-
   
(54
)
  
-
 
Amortization of prior service cost
  
(23
)
  
(23
)
  
(283
)
  
206
   
205
   
202
 
Amortization of unrecognized net gain
  
(79
)
  
(2,692
)
  
(3,330
)
  
(151
)
  
(280
)
  
(182
)
Total recognized in other comprehensive loss (income)
  
17,131
   
(24,215
)
  
(3,725
)
  
1,507
   
(498
)
  
156
 
 
                        
Total recognized in net periodic benefit cost and other comprehensive income (loss) - pre-tax
 
$
14,984
  
$
(23,588
)
 
$
(531
)
 
$
1,815
  
$
(114
)
 
$
311
 
Estimated future benefit payments for the pension plans and other postretirement benefit plans
The following table sets forth estimated future benefit payments for the pension plans and other postretirement benefit plans:
 
 (In thousands)
 
Pension
Benefits
  
Other
Benefits
 
2015
  
6,011
   
538
 
2016
  
6,221
   
549
 
2017
  
9,473
   
571
 
2018
  
7,100
   
592
 
2019
  
6,953
   
578
 
2020 - 2024
  
40,351
   
2,881
 
Effect of one-percentage point change in assumed health care cost trend rates
A one-percentage point change in the health care trend rates would have the following effects as of and for the year ended December 31, 2014:
 
(In thousands)
 
One Percentage point increase
  
One Percentage point decrease
 
Increase (decrease) on total service and interest cost components
 
$
39
  
$
(33
)
Increase (decrease) on postretirement accumulated benefit obligation
  
895
   
(764
)
Target and actual allocations of defined benefit pension plan's assets
The target and actual allocations expressed as a percentage of the defined benefit pension plan’s assets are as follows:

 
 
Target 2014
  
2014
  
2013
 
Cash and cash equivalents
  
0 - 20
%
  
4
%
  
6
%
Fixed income securities
  
20 - 40
%
  
38
%
  
27
%
Equities
  
40 - 80
%
  
58
%
  
67
%
Total
      
100
%
  
100
%
Financial instruments recorded at fair value on a recurring basis by the Plan
The following table presents the financial instruments recorded at fair value on a recurring basis by the Plan as of December 31, 2014 and 2013:

 (In thousands)
 
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable Inputs
(Level 2)
  
Balance
as of
December 31, 2014
 
Cash and cash equivalents
 
$
4,423
  
$
-
  
$
4,423
 
Foreign equity mutual funds
  
38,581
   
-
   
38,581
 
Equity mutual funds
  
29,718
   
-
   
29,718
 
U.S. government bonds
  
-
   
4,420
   
4,420
 
Corporate bonds
  
-
   
40,090
   
40,090
 
Totals
 
$
72,722
  
$
44,510
  
$
117,232
 
 
 (In thousands)
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
  
Significant
Other
Observable Inputs
(Level 2)
  
Balance
as of
December 31, 2013
 
Cash and cash equivalents
 
$
7,533
  
$
-
  
$
7,533
 
Foreign equity mutual funds
  
15,653
   
-
   
15,653
 
Equity mutual funds
  
16,727
   
-
   
16,727
 
U.S. government bonds
  
-
   
9,355
   
9,355
 
Corporate bonds
  
-
   
19,665
   
19,665
 
Common stock
  
44,532
   
-
   
44,532
 
Municipal bonds and notes
  
-
   
1,451
   
1,451
 
Foreign bonds and notes
  
-
   
1,392
   
1,392
 
Foreign equity
  
2,266
   
-
   
2,266
 
Totals
 
$
86,711
  
$
31,863
  
$
118,574