BENEFIT PLANS

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



	Three Months Ended March 31, 2015			Year Ended December 2014
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	25,826		$	20,032
Service cost	257			821
Interest cost	236			935
Actuarial loss	72			4,324
Benefits paid	(189		)	(286		)
Projected benefit obligation, end of period	$	26,202		$	25,826
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions	189			286
Benefits paid	(189		)	(286		)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	(26,202	)	$	(25,826	)



	Three Months Ended
	March 31, 2015		March 31, 2014
Components of Net Periodic Benefit Cost
Service cost	$	257	$	694
Interest cost	236		622
Net loss	72		197
Net periodic pension cost	$	565	$	1,513

The long-term portion of the pension liability as of March 31, 2015 and December 31, 2014 was $25.9 million and $24.9 million, respectively, and is included in Other Non-Current Liabilities in the accompanying consolidated balance sheets.