Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Plans [Abstract]

Changes in Benefit Obligations, Components of Benefit Costs, Weighted-Average Assumptions, and Plan Assets

The following tables provide detail of the changes in benefit obligations, components of benefit costs, weighted-average assumptions, and plan assets for the retirement plan as of and for the twelve months ending December 31, 2018 and 2017  (in thousands) using a measurement date of December 31.

	2018			2017
Assumptions (end of period):
Discount rate used in determining benefit obligation		4.05	%		3.45	%
Rate of compensation increase		N/A			N/A
Reconciliation of funded status (end of period):
Accumulated benefit obligation	$	(11,687)		$	(12,758)
Projected benefit obligation	$	(11,687)		$	(12,758)
Fair value of plan assets		9,669			11,153
Funded status	$	(2,018)		$	(1,605)
Net actuarial loss		(4,130)			(3,554)
Accumulated other comprehensive loss		(4,130)			(3,554)
Prepaid pension cost		2,112			1,949
Net amount recognized as of December 31	$	(2,018)		$	(1,605)
Changes in projected benefit obligation:
Benefit obligation as of beginning of period	$	12,758		$	12,618
Interest cost		424			471
Actuarial liability (gain)/loss		(628)			554
Benefits paid		(867)			(885)
Benefit obligation as of end of period	$	11,687		$	12,758
Change in plan assets:
Fair value of plan assets as of beginning of period	$	11,153		$	10,415
Actual return on plan assets (net of expenses)		(617)			1,623
Employer contributions		—			—
Benefits paid		(867)			(885)
Fair value of plan assets as of end of period	$	9,669		$	11,153
Net periodic pension cost:
Service cost - benefits earned during the period	$	—		$	—
Interest cost on projected benefit obligation		424			471
Expected return on plan assets		(694)			(646)
Recognized actuarial loss		106			126
Net periodic pension cost	$	(164)		$	(49)
Discount rate		3.45	%		3.88	%
Expected return on plan assets		6.50	%		6.50	%
Rate of compensation increase		N/A			N/A

Estimated Future Benefit Payments

Estimated future benefit payments by fiscal year (in thousands):

2019	$	881
2020	$	870
2021	$	875
2022	$	861
2023	$	843
2024-2028	$	3,941

Weighted-Average Asset Allocation for the Defined Benefit Cash Balance Plan

The following table shows the weighted-average asset allocation for the defined benefit cash balance plan held as of December 31, 2018 and 2017.

	December 31
	2018		2017
Asset Category:
Debt securities	36	%	32	%
Equity securities	61	%	64	%
Other	3	%	4	%
Total	100	%	100	%

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table presents, for each of the fair value hierarchy levels, our plan assets that are measured at fair value on a recurring basis at December 31, 2018 and December 31, 2017 (in thousands).

	As of December 31, 2018
	Quoted Prices in Active		Other Observable
	Markets for Identical		Inputs		Unobservable Inputs
	Assets (Level 1)		(Level 2)		(Level 3)		Total
Debt securities	$	—	$	3,468	$	—	$	3,468
Equity securities		5,913		—		—		5,913
Total	$	5,913	$	3,468	$	—	$	9,381

	As of December 31, 2017
	Quoted Prices in Active
	Markets for Identical		Other Observable		Unobservable Inputs
	Assets (Level 1)		Inputs (Level 2)		(Level 3)		Total
Debt securities	$	—	$	3,586	$	—	$	3,586
Equity securities		7,156		—		—		7,156
Total	$	7,156	$	3,586	$	—	$	10,742