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Retirement Plans And Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Reconciliation Of Changes In Benefit Obligations And Plan Assets
The following tables reconcile the changes in benefit obligations and plan assets in 2015 and 2014, and reconcile the funded status to prepaid or accrued cost at December 31, 2015 and 2014:
 
Pension Benefits
 
 
Other Post-
Retirement Benefits
(In Thousands)
2015
 
2014
 
 
2015
 
2014
Change in benefit obligation:
 
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
325,426

 
$
275,166

 
 
$
8,372

 
$
7,858

Service cost
530

 
869

 
 
44

 
43

Interest cost
13,217

 
13,397

 
 
325

 
387

Effect of actuarial (gains) losses related to the following:
 
 
 
 
 
 
 
 
Discount rate change
(14,687
)
 
32,089

 
 
(356
)
 
732

Retirement rate assumptions and mortality table adjustments
(5,456
)
 
17,331

 
 
32

 
(131
)
Retiree medical participation rate change

 

 
 

 
(390
)
Other
(746
)
 
490

 
 
(332
)
 
218

Plan participant contributions

 

 
 
625

 
681

Benefits paid
(14,432
)
 
(13,916
)
 
 
(965
)
 
(1,026
)
Benefit obligation, end of year
$
303,852

 
$
325,426

 
 
$
7,745

 
$
8,372

Change in plan assets:
 
 
 
 
 
 
 
 
Plan assets at fair value, beginning of year
$
229,017

 
$
232,705

 
 
$

 
$

Actual return on plan assets
(6,311
)
 
7,466

 
 

 

Employer contributions
2,368

 
2,762

 
 
340

 
345

Plan participant contributions

 

 
 
625

 
681

Benefits paid
(14,432
)
 
(13,916
)
 
 
(965
)
 
(1,026
)
Plan assets at fair value, end of year
$
210,642

 
$
229,017

 
 
$

 
$

Funded status of the plans
$
(93,210
)
 
$
(96,409
)
 
 
$
(7,745
)
 
$
(8,372
)
Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
 
Accrued expenses (current)
$
210

 
$
130

 
 
$
455

 
$
456

Other noncurrent liabilities
93,000

 
96,279

 
 
7,290

 
7,916

Net amount recognized
$
93,210

 
$
96,409

 
 
$
7,745

 
$
8,372

Components Of Net Periodic Benefit Income Or Cost For Continuing Operations
Assumptions used for financial reporting purposes to compute net benefit income or cost and benefit obligations for continuing operations, and the components of net periodic benefit income or cost for continuing operations, are as follows:
 
 
Pension Benefits
 
 
Other Post-
Retirement Benefits
(In Thousands, Except Percentages)
2015
 
2014
 
2013
 
 
2015
 
2014
 
2013
Weighted-average assumptions used to determine benefit obligations:
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.55
%
 
4.17
%
 
4.99
%
 
 
4.49
%
 
4.11
%
 
4.88
%
Expected long-term return on plan assets
7.00
%
 
7.50
%
 
7.75
%
 
 
n/a

 
n/a

 
n/a

Weighted-average assumptions used to determine net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.17
%
 
4.99
%
 
4.21
%
 
 
4.11
%
 
4.88
%
 
4.10
%
Expected long-term return on plan assets
7.50
%
 
7.75
%
 
7.75
%
 
 
n/a

 
n/a

 
n/a

Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
530

 
$
869

 
$
3,754

 
 
$
44

 
$
43

 
$
58

Interest cost
13,217

 
13,397

 
12,338

 
 
325

 
387

 
345

Expected return on plan assets
(17,636
)
 
(18,301
)
 
(17,430
)
 
 

 

 

Amortization of prior service costs and gains or losses
16,190

 
10,688

 
15,028

 
 
(194
)
 
(190
)
 
(210
)
Settlement/curtailment
45

 
81

 
28

 
 

 

 

Net periodic benefit cost
$
12,346

 
$
6,734

 
$
13,718

 
 
$
175

 
$
240

 
$
193

Schedule Of Expected Benefit Payments For Continuing Operations
Expected benefit payments for continuing operations over the next five years and in the aggregate for 2021-2025 are as follows:
(In Thousands)
Pension
Benefits
 
Other Post-
Retirement
Benefits
2016
$
15,904

 
$
455

2017
16,505

 
467

2018
16,969

 
478

2019
17,504

 
485

2020
17,997

 
489

2021—2025
94,105

 
2,468

Schedule Of Amounts Recognized Before Related Deferred Income Taxes In Accumulated Other Comprehensive Income
Amounts recorded in 2015, 2014 and 2013 in accumulated other comprehensive income, before related deferred income taxes, consist of:
 
Pension
 
Other Post-Retirement
(In Thousands)
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Prior service cost (benefit)
$
18

 
$
87

 
$
270

 
$

 
$

 
$

Net actuarial (gain) loss
153,570

 
166,678

 
116,519

 
(1,616
)
 
(1,154
)
 
(1,773
)
Schedule Of Amounts Before Related Deferred Income Taxes In Accumulated Other Comprehensive Income That Are Expected To Be Recognized As Components Of Net Periodic Benefit Or Cost
The amounts in accumulated other comprehensive income, before related deferred income taxes, that are expected to be recognized as components of net periodic benefit or cost during 2016 are as follows:
(In Thousands)
Pension
 
Other Post-
Retirement
Prior service cost (benefit)
$
9

 
$

Net actuarial (gain) loss
13,526

 
(190
)
Schedule Of Percentage Composition Of Assets Held By Pension Plans
The percentage composition of assets held by pension plans for continuing operations at December 31, 2015, 2014 and 2013 are as follows:
 
% Composition of Plan Assets
at December 31,
 
2015
 
2014
 
2013
Pension plans related to continuing operations:
 
 
 
 
 
Fixed income securities
12.8
%
 
14.5
%
 
14.0
%
Large/mid-capitalization equity securities
13.8

 
13.7

 
13.8

Small-capitalization equity securities
4.0

 
4.3

 
4.8

International and emerging market equity securities
10.9

 
11.0

 
11.7

Total equity securities
28.7

 
29.0

 
30.3

Private equity and hedge funds
52.4

 
51.2

 
48.3

Other assets
6.1

 
5.3

 
7.4

Total for continuing operations
100.0
%
 
100.0
%
 
100.0
%
Schedule Of Targeted Allocation Percentage For Pension Plan Assets And Expected Long-Term Rate Of Return On Assets
targeted allocation percentage for pension plan assets and the expected long-term rate of return on assets used to determine its benefit obligation at December 31, 2015, are as follows:
 
Target % Composition of Plan Assets *
 
Expected Long-term Return %
Pension plans related to continuing operations:
 
 
 
Fixed income securities
25.0
%
 
4.4
%
Large/mid-capitalization equity securities
14.0

 
8.8

Small-capitalization equity securities
4.0

 
10.0

International and emerging market equity securities
11.0

 
9.4

Total equity securities
29.0

 
9.4

Private equity and hedge funds
46.0

 
7.1

Total for continuing operations
100.0
%
 
7.0
%
*    Target percentages for the composition of plan assets represents a neutral position within the approved range of allocations for such assets.

 
Schedule Of Pension Plan Assets Categorized By Level Within Fair Value Measurement Hierarchy
At December 31, 2015 and 2014, the pension plan assets are categorized by level within the fair value measurement hierarchy as follows:
(In Thousands)
Total
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Balances at December 31, 2015:
 
 
 
 
 
 
 
Large/mid-capitalization equity securities
$
29,027

 
$
29,027

 
$

 
$

Small-capitalization equity securities
8,457

 
8,457

 

 

International and emerging market equity securities
23,054

 
10,126

 
12,928

 

Fixed income securities
22,968

 
10,626

 
12,342

 

Other assets
2,727

 
2,727

 

 

Total plan assets at fair value
$
86,233

 
$
60,963

 
$
25,270

 
$

Private equity and hedge funds
110,340

 
 
 
 
 
 
Contracts with insurance companies
10,207

 
 
 
 
 
 
Fixed income securities
3,862

 
 
 
 
 
 
Total plan assets, December 31, 2015
$
210,642

 
 
 
 
 
 
Balances at December 31, 2014:
 
 
 
 
 
 
 
Large/mid-capitalization equity securities
$
31,401

 
$
31,401

 
$

 
$

Small-capitalization equity securities
9,827

 
9,827

 

 

International and emerging market equity securities
25,224

 
11,471

 
13,753

 

Fixed income securities
28,714

 
12,661

 
16,053

 

Other assets
1,741

 
1,741

 

 

Total plan assets at fair value
$
96,907

 
$
67,101

 
$
29,806

 
$

Private equity and hedge funds
117,276

 
 
 
 
 
 
Contracts with insurance companies
10,267

 
 
 
 
 
 
Fixed income securities
4,567

 
 
 
 
 
 
Total plan assets, December 31, 2014
$
229,017

 
 
 
 
 
 
Schedule Of Fair Value Measurements Of Plan Assets Using Significant Unobservable Inputs (Level 3), Reconciliation Of Balances