BENEFIT PLANS

The following table summarizes key information related to the Company’s pension plans and retirement agreements (in thousands):



	Six Months Ended June 30, 2014			Year Ended December 2013
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	20,032		$	19,761
Service cost	409			925
Interest cost	468			829
Actuarial gain	—			(1,229		)
Benefits paid	(141		)	(254		)
Projected benefit obligation, end of period	$	20,768		$	20,032
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions	141			254
Benefits paid	(141		)	(254		)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	(20,768	)	$	(20,032	)



	Three Months Ended				Six Months Ended
	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
Components of Net Periodic Benefit Cost
Service cost	$	205	$	231	$	409	$	462
Interest cost	234		207		468		415
Amortization of prior service cost	—				—		—
Net loss	64		66		64		131
Net periodic pension cost	$	503	$	504	$	941	$	1,008

The long-term portion of the pension liability as of June 30, 2014 and December 31, 2013 was $20.5 million and $19.9 million, respectively, and is included in Other Non-Current Liabilities in the accompanying consolidated balance sheets.