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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Change in benefit obligation, plan assets funded status and net periodic pension cost (benefit) [Table Text Block]
The following table presents information regarding this plan (in thousands):
 
 
December 31,
 
 
2016
 
2015
Change in projected benefit obligation:
 
 
 
 
Projected benefit obligation at beginning of year
 
$
38,797

 
$
45,224

Interest cost
 
1,309

 
1,487

Actuarial loss (gain)
 
(55
)
 
(2,702
)
Benefits paid
 
(5,087
)
 
(5,212
)
Projected benefit obligation at end of year1,2
 
$
34,964

 
$
38,797

Change in plan assets:
 
 
 
 

Plan assets at fair value at beginning of year
 
$
44,190

 
$
49,443

Actual return on plan assets
 
2,666

 
(41
)
Benefits paid
 
(5,087
)
 
(5,212
)
Plan assets at fair value at end of year
 
$
41,769

 
$
44,190

 
 
 
 
 
Funded status of the plan
 
$
6,805

 
$
5,393

Components of net periodic benefit costs:
 
 
 
 

Interest cost
 
$
1,309

 
$
1,487

Expected return on plan assets
 
(2,167
)
 
(2,706
)
Other
 
(741
)
 
1,849

Net benefit cost
 
$
(1,599
)
 
$
630


1 
Projected benefit obligation equals accumulated benefit obligation.
2 
Projected benefit obligation is based on January 1 measurement date.
Valuation assumptions used [Table Text Block]

Weighted-average assumptions as of December 31:
 
2016
 
2015
Discount rate
 
3.43
%
 
3.54
%
Expected return on plan assets
 
5.00
%
 
5.00
%
Expected future benefit payments [Table Text Block]
As of December 31, 2016, expected future benefit payments related to the Pension Plan were as follows (in thousands):
2017
$
2,706

2018
3,072

2019
3,402

2020
3,090

2021
2,934

Thereafter
28,044

Total estimated future benefit payments
$
43,248