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, 2016			Year Ended December 2015
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	25,935		$	25,826
Service cost	249			1,173
Interest cost	289			1,082
Actuarial gain	—			(1,818		)
Benefits paid	(84		)	(328		)
Projected benefit obligation, end of period	$	26,389		$	25,935
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions	84			328
Benefits paid	(84		)	(328		)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	(26,389	)	$	(25,935	)



	Three Months Ended
	March 31, 2016		March 31, 2015
Components of Net Periodic Benefit Cost
Service cost	$	249	$	1,173
Interest cost	289		1,082
Net loss	53		427
Net periodic pension cost	$	591	$	2,682

The long-term portion of the pension liability as of March 31, 2016 and December 31, 2015 was $26.1 million and $25.1 million, respectively, and is included in Other Non-Current Liabilities in the accompanying consolidated balance sheets.