Retirement Plans Retirement Plans Level 3 (Tables)

12 Months Ended

Dec. 31, 2015

The components of the Plans’ net periodic benefit cost for the years ended December 31 were as follows:



	2015			2014		2013
	(In thousands)
Interest cost on projected benefit obligation	$	1,198		$	1,293	$	780
Recognized net actuarial (gains) losses	(1,327		)	2,401		(1,205		)
Total net periodic benefit cost	$	(129	)	$	3,694	$	(425	)

The Plans’ funded status at December 31 was as follows:



	2015			2014
	(In thousands)
Change in Benefit Obligation:
Benefit obligation at beginning of year	$	36,920		$	37,499
Acquisition of benefit obligation	—			—
Interest cost	1,198			1,293
Actuarial (loss) gain	(1,327		)	2,401
Benefits paid	(4,486		)	(4,273		)
Benefit obligation at end of year	$	32,305		$	36,920
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	—		$	—
Employer contributions	4,486			4,273
Benefits paid, including expenses	(4,486		)	(4,273		)
Fair value of plan assets at end of year	$	—		$	—
Funded status of plan	$	(32,305	)	$	(36,920	)

Funding Summary:
Projected benefit obligations	$	32,305		$	36,920
Accumulated benefit obligation	$	32,305		$	36,920
Amounts Recognized in the Consolidated Balance Sheet:
Accounts payable and accrued liabilities	$	(3,723	)	$	(4,005	)
Accrued pension - included in other liabilities	(28,582		)	(32,915		)
Total accrued benefit liability	$	(32,305	)	$	(36,920	)

The Plans’ weighted-average assumptions used to determine the benefit obligation and net benefit cost are as follows:



	2015		2014		2013
Weighted average discount rate used to determine obligations	3.86	%	3.42	%	3.66	%
Weighted average discount rate used to determine net periodic pension cost	2.47	%	3.69	%	2.90	%

The following benefit payments are expected to be paid in future years related to our Plans (in thousands):