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Retirement Plans And Other Postretirement Benefits (Tables)
12 Months Ended
Dec. 31, 2016
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 2016 and 2015, and reconcile the funded status to prepaid or accrued cost at December 31, 2016 and 2015:
 
Pension Benefits
 
 
Other Post-
Retirement Benefits
(In Thousands)
2016
 
2015
 
 
2016
 
2015
Change in benefit obligation:
 
 
 
 
 
 
 
 
Benefit obligation, beginning of year
$
303,852

 
$
325,426

 
 
$
7,745

 
$
8,372

Service cost
231

 
530

 
 
38

 
44

Interest cost
13,323

 
13,217

 
 
337

 
325

Effect of actuarial (gains) losses related to the following:
 
 
 
 
 
 
 
 
Discount rate change
9,296

 
(14,687
)
 
 
210

 
(356
)
Retirement rate assumptions and mortality table adjustments
(5,537
)
 
(5,456
)
 
 
(433
)
 
32

Other
(3,025
)
 
(746
)
 
 
(131
)
 
(332
)
Plan participant contributions

 

 
 
634

 
625

Benefits paid
(15,014
)
 
(14,432
)
 
 
(964
)
 
(965
)
Benefit obligation, end of year
$
303,126

 
$
303,852

 
 
$
7,436

 
$
7,745

Change in plan assets:
 
 
 
 
 
 
 
 
Plan assets at fair value, beginning of year
$
210,642

 
$
229,017

 
 
$

 
$

Actual return on plan assets
11,199

 
(6,311
)
 
 

 

Employer contributions
7,732

 
2,368

 
 
330

 
340

Plan participant contributions

 

 
 
634

 
625

Benefits paid
(15,014
)
 
(14,432
)
 
 
(964
)
 
(965
)
Plan assets at fair value, end of year
$
214,559

 
$
210,642

 
 
$

 
$

Funded status of the plans
$
(88,567
)
 
$
(93,210
)
 
 
$
(7,436
)
 
$
(7,745
)
Amounts recognized in the consolidated balance sheets:
 
 
 
 
 
 
 
 
Accrued expenses (current)
$
182

 
$
210

 
 
$
453

 
$
455

Other noncurrent liabilities
88,385

 
93,000

 
 
6,983

 
7,290

Net amount recognized
$
88,567

 
$
93,210

 
 
$
7,436

 
$
7,745

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)
2016
 
2015
 
2014
 
 
2016
 
2015
 
2014
Weighted-average assumptions used to determine benefit obligations:
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.29
%
 
4.55
%
 
4.17
%
 
 
4.24
%
 
4.49
%
 
4.11
%
Expected long-term return on plan assets
6.50
%
 
7.00
%
 
7.50
%
 
 
n/a

 
n/a

 
n/a

Weighted-average assumptions used to determine net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
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

Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
231

 
$
530

 
$
869

 
 
$
38

 
$
44

 
$
43

Interest cost
13,323

 
13,217

 
13,397

 
 
337

 
325

 
387

Expected return on plan assets
(15,980
)
 
(17,636
)
 
(18,301
)
 
 

 

 

Amortization of prior service costs and gains or losses
13,312

 
16,190

 
10,688

 
 
(214
)
 
(194
)
 
(190
)
Settlement/curtailment

 
45

 
81

 
 

 

 

Net periodic benefit cost
$
10,886

 
$
12,346

 
$
6,734

 
 
$
161

 
$
175

 
$
240

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
2017
$
16,165

 
$
453

2018
16,568

 
456

2019
17,076

 
460

2020
17,537

 
462

2021
17,860

 
465

2022—2026
92,955

 
2,322

Schedule Of Amounts Recognized Before Related Deferred Income Taxes In Accumulated Other Comprehensive Income
Amounts recorded in 2016, 2015 and 2014 in accumulated other comprehensive income, before related deferred income taxes, consist of:
 
Pension
 
Other Post-Retirement
(In Thousands)
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Prior service cost (benefit)
$
10

 
$
18

 
$
87

 
$

 
$

 
$

Net actuarial (gain) loss
145,782

 
153,570

 
166,678

 
(1,756
)
 
(1,616
)
 
(1,154
)
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 2017 are as follows:
(In Thousands)
Pension
 
Other Post-
Retirement
Prior service cost (benefit)
$
5

 
$

Net actuarial (gain) loss
12,329

 
(245
)
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, 2016, 2015 and 2014 are as follows:
 
% Composition of Plan Assets
at December 31,
 
2016
 
2015
 
2014
Pension plans related to continuing operations:
 
 
 
 
 
Fixed income securities
8.0
%
 
12.8
%
 
14.5
%
Large/mid-capitalization equity securities
14.7

 
13.8

 
13.7

Small-capitalization equity securities
5.3

 
4.0

 
4.3

International and emerging market equity securities
11.5

 
10.9

 
11.0

Total equity securities
31.5

 
28.7

 
29.0

Private equity and hedge funds
48.4

 
52.4

 
51.2

Other assets
12.1

 
6.1

 
5.3

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, 2016, are as follows:
 
Target % Composition of Plan Assets *
 
Expected Long-term Return %
Pension plans related to continuing operations:
 
 
 
Fixed income securities
22.0
%
 
3.8
%
Large/mid-capitalization equity securities
14.0

 
8.4

Small-capitalization equity securities
5.0

 
9.5

International and emerging market equity securities
13.0

 
8.6

Total equity securities
32.0

 
8.7

Private equity and hedge funds
46.0

 
6.3

Total for continuing operations
100.0
%
 
6.5
%
*    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, 2016 and 2015, 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, 2016
 
 
 
 
 
 
 
Large/mid-capitalization equity securities
$
31,549

 
$
31,549

 
$

 
$

Small-capitalization equity securities
11,389

 
11,389

 

 

International and emerging market equity securities
24,710

 
11,410

 
13,300

 

Fixed income securities
17,213

 
4,441

 
12,772

 

Other assets
15,853

 
15,853

 

 

Total plan assets at fair value
$
100,714

 
$
74,642

 
$
26,072

 
$

Private equity and hedge funds
103,686

 
 
 
 
 
 
Contracts with insurance companies
10,158

 
 
 
 
 
 
Total plan assets, December 31, 2016
$
214,558

 
 
 
 
 
 
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

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