Retirement Plans Retirement Plans Level 3 (Tables)

12 Months Ended

Dec. 31, 2016

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



	2016		2015			2014
	(In thousands)
Interest cost on projected benefit obligation	$	1,179	$	1,198		$	1,293
Recognized net actuarial losses (gains)	259		(1,327		)	2,401
Total net periodic benefit cost	$	1,438	$	(129	)	$	3,694

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



	2016			2015
	(In thousands)
Change in Benefit Obligation:
Benefit obligation at beginning of year	$	32,305		$	36,920
Interest cost	1,179			1,198
Actuarial gain (loss)	259			(1,327		)
Benefits paid	(3,665		)	(4,486		)
Benefit obligation at end of year	$	30,078		$	32,305
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	—		$	—
Employer contributions	3,665			4,486
Benefits paid, including expenses	(3,665		)	(4,486		)
Fair value of plan assets at end of year	$	—		$	—
Funded status of plan	$	(30,078	)	$	(32,305	)

Funding Summary:
Projected benefit obligations	$	30,078		$	32,305
Accumulated benefit obligation	$	30,078		$	32,305
Amounts Recognized in the Consolidated Balance Sheet:
Accounts payable and accrued liabilities	$	(3,448	)	$	(3,723	)
Accrued pension - included in Other liabilities	(26,630		)	(28,582		)
Total accrued benefit liability	$	(30,078	)	$	(32,305	)

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



	2016		2015		2014
Weighted-average discount rate used to determine obligations	3.76	%	3.86	%	3.42	%
Weighted-average discount rate used to determine net periodic pension cost	3.96	%	2.47	%	3.69	%

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