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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The status of the Company’s plans at December 31, 2016, 2015, and 2014 was as follows:
 
Pension Benefit Plans
 
Post-Employment Benefit Plan
 
 
December 31,
 
December 31,
 
 
2015
(a) 
2014
 
 
2016
 
2015
 
2014
 
Change in benefit obligation:
 
 
 
 
 
 
 
 
 
 
 
Beginning of year
$
2,016

 
$
2,190

 
 
$
4,681

 
$
4,926

 
$
4,827

 
Service cost

 

 
 
36

 
51

 
72

 
Interest cost
36

 
87

 
 
142

 
141

 
149

 
Actuarial loss (gain)
(9
)
 
35

 
 
(297
)
 
45

 
1,632

 
Negative plan amendment benefit

 

 
 

 

 
(1,183
)
 
Benefits paid
(2,043
)
 
(296
)
 
 
(456
)
 
(482
)
 
(571
)
 
Benefit obligation at end of year
$


$
2,016

 
 
$
4,106

 
$
4,681


$
4,926

 


(a) The Company's pension benefit plans were terminated and paid as of June 2015.
Schedule of Changes in Fair Value of Plan Assets
The following table shows the change in plan assets:
 
 
Pension Benefit Plans
 
 
December 31,
 
 
2015
(a) 
Fair value of plan assets at beginning of year
$
1,300

 
Actual return on plan assets
2

 
Employer contributions
741

 
Benefits paid
(2,043
)
 
Fair value of plan assets at end of year
$

 


(a) The Company's pension benefit plans were terminated and paid as of June 2015.
Schedule of Assumptions Used
Assumptions used to determine accumulated benefit obligations as of the year end were:
 
 
Pension Benefit Plans
 
 
Post-Employment Benefit Plan
 
 
Year Ended December 31,
 
 
Year Ended December 31,
 
 
2015
(a) 
 
2016
 
2015
 
Discount rate
3.65%
 
 
3.15%
 
3.20%
 
Measurement date
December 31, 2015(b)
 
 
December 31,
2016
 
December 31,
2015
 

(a) 
The Company's pension benefit plans were terminated and paid as of June 2015.
(b) 
The measurement date was June 30, 2015 for termination liabilities in 2015.


Assumptions used to determine net benefit cost for 2016, 2015, and 2014 were:
 
Pension Benefit Plans
 
Post-Employment Benefit Plan
 
Year Ended December 31,
 
Year Ended December 31,
 
2015
(a) 
2014
 
2016
 
2015
 
2014
 
Expected return on Assets
7.00
%
 
7.00
%
 

 

 

 
Discount rate
3.58
%
 
4.11
%
 
3.20
%
 
2.99
%
 
3.95 / 3.39%

(b)
Average compensation increase
n/a
 
n/a
 
n/a
 
n/a
 
n/a
 


(a) 
The Company's pension benefit plans were terminated and paid as of June 2015.
(b) 
The pension benefit plan was amended effective April 16, 2014 requiring a re-measurement valuation. The discount rate for 2014 was based on measurement dates of December 31, 2013 and April 16, 2014.
Schedule of Net Benefit Costs
The estimated amount that will be recognized from accumulated other comprehensive income (loss) into net periodic benefit cost during the year ended December 31, 2017 is as follows:
 
 
Post-Employment Benefit Plan
(a) 
Actuarial net loss
$
(184
)
 
Net prior service credits
338

 
Net amount recognized
$
154

 


(a) 
The Company's pension benefit plans were terminated and paid as of June 2015.

Components of net benefit cost are as follows:
 
Pension Benefit Plans
 
Post-Employment Benefit Plan
 
 
Year Ended December 31,
 
Year Ended December 31,
 
 
2015
(a) 
2014
 
2016
 
2015
 
2014
 
Service cost
$

 
$

 
$
36

 
$
51

 
$
72

 
Interest cost
36

 
87

 
142

 
141

 
149

 
Expected return on assets
(45
)
 
(104
)
 

 

 

 
Amortization of prior service cost

 

 
(338
)
 
(338
)
 
(369
)
 
Recognized net actuarial loss
25

 
21

 
269

 
278

 
18

 
Settlement losses
414

 
50

 

 

 

 
Net benefit cost
$
430


$
54

 
$
109

 
$
132


$
(130
)
 


(a) 
The Company's pension benefit plans were terminated and paid as of June 2015.

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
Changes in plan assets and benefit obligations recognized in other comprehensive income are as follows:
 
Pension Benefit Plans
 
Post-Employment Benefit Plan
 
Year Ended December 31,
 
Year Ended December 31,
 
2015
(a) 
2014
 
2016
 
2015
 
2014
Net actuarial (loss) gain
$
(35
)
 
$
(92
)
 
$
293

 
$
(35
)
 
$
(1,632
)
Settlement losses
414

 
50

 

 

 

Plan amendment and curtailment

 

 

 

 
1,183

Recognized net actuarial loss
25

 
20

 
269

 
278

 
18

Amortization of prior service cost

 

 
(338
)
 
(338
)
 
(369
)
Recognition of prior service cost due to curtailments

 

 

 

 
(52
)
Total other comprehensive income (loss), pre-tax
404


(22
)
 
224

 
(95
)

(852
)
    Income tax expense (benefit)
160

 
(155
)
 
90

 
(41
)
 
(6
)
Total other comprehensive income (loss), net of tax
$
244


$
133


$
134

 
$
(54
)

$
(846
)


(a) 
The Company's pension benefit plans were terminated and paid as of June 2015.
Schedule of Amounts Recognized in Balance Sheet
Amounts recognized in the Consolidated Balance Sheets are as follows:
 
Pension Benefit Plans
 
Post-Employment Benefit Plan
 
As of December 31,
 
As of December 31,
 
2015
(a) 
2016
 
2015
Accrued expenses
$

 
$
(502
)
 
$
(545
)
Accrued retirement benefits

 
(3,604
)
 
(4,136
)
Net amount recognized
$

 
$
(4,106
)
 
$
(4,681
)


(a) 
The Company's pension benefit plans were terminated and paid as of June 2015.
Schedule of Health Care Cost Trend Rates
The assumed average annual rate of increase in the per capita cost of covered benefits (health care cost trend rate) is as follows:
 
 
Post-Employment Benefit Plan
 
Year Ended December 31,
 
2016
 
2015
 
Group Plan
 
Lifetime Prescription Cost
 
Medicare Supplement
 
Group Plan
 
Lifetime Prescription Cost
 
Medicare Supplement
Health care cost trend rate
7.50
%
 
9.00
%
 
5.00
%
 
7.50
%
 
9.00
%
 
5.00
%
Ultimate trend rate
5.00
%
 
5.00
%
 
5.00
%
 
5.00
%
 
5.00
%
 
5.00
%
Year rate reaches ultimate trend rate
2023

 
2024

 
2017

 
2024

 
2025

 
2017

Schedule of Expected Benefit Payments
As of December 31, 2016, the following expected benefit payments (net of Medicare Part D subsidiary for Post-Employment Benefit Plan Payments), and the related expected subsidy receipts that reflect expected future service, as appropriate, are expected to be paid to plan participants:
 
 
Post-Employment Benefit Plan
(a) 
 
Expected Benefit
Payments
 
Expected Subsidy
Receipts
 
2017
$
520

 
$
18

 
2018
522

 
17

 
2019
534

 
15

 
2020
505

 
14

 
2021
479

 
13

 
2022-2026
1,509

 
44

 
Total
$
4,069

 
$
121

 


(a) 
The Company's pension benefit plans were terminated and paid as of June 2015.
(b) 
This expected pay out schedule considers the termination of the pension benefit plan during 2015.
Schedule of Share-based Compensation, Stock Options, Activity
A summary of the status of stock options awarded under the Company’s share-based compensation plans for 2015 and 2014 is presented below: 
 
Year Ended December 31,
 
2015
 
2014
 
 
Shares

Weighted
Average
Exercise
Price
 
 
Shares

Weighted
Average
Exercise
Price
Outstanding at beginning of year
4,000

 
$
10.45

 
10,000

 
$
9.91

Granted

 

 

 

Canceled/Forfeited

 

 

 

Exercised
4,000

 
17.09

 
6,000

 
9.54

Outstanding at end of year

 
$

 
4,000

 
$
10.45

Schedule of Nonvested Restricted Stock Units Activity
A summary of the status of restricted stock awarded under the Company’s share-based compensation plans for 2016, 2015, and 2014 is presented below:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
 
 
 
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
 
 
 
Shares
 
Weighted
Average
Grant-Date
Fair Value
 
 
 
 
Shares
 
Weighted
Average
Grant-Date
Fair Value
Unvested balance at beginning of year
128,500

 
$
5.85

 
278,900

 
$
6.28

 
569,296

 
$
5.26

Granted

 

 
13,585

 
17.02

 
58,669

 
4.42

Forfeited

 

 
(30,800
)
 
6.27

 
(206,282
)
 
4.59

Vested
(128,500
)
 
5.85

 
(133,185
)
 
7.80

 
(142,783
)
 
3.87

Unvested balance at end of year

 
$

 
128,500


$
5.85

 
278,900

 
$
6.28

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
 A summary of the status of RSUs awarded under the Company’s share-based compensation plans for 2016, 2015, and 2014 is presented below: 
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
Units
 
Weighted Average
 Grant-Date Fair
Value
 
 
 
Units

Weighted Average
 Grant-Date Fair
Value
 
 
 
Units

Weighted Average
 Grant-Date Fair
Value
Unvested balance at beginning of year
437,946

 
$
7.09

 
413,288

 
$
5.09

 
371,502

 
$
4.34

Granted
100,892

 
23.15

 
89,702

 
16.63

 
247,463

 
5.83

Forfeited
(11,352
)
 
11.55

 
(54,506
)
 
6.15

 
(135,104
)
 
4.60

Vested

 

 
(10,538
)
 
14.88

 
(70,573
)
 
3.22

Unvested balance at end of year
527,486

 
$
10.17

 
437,946

 
$
7.09

 
413,288

 
$
5.09