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Benefit Plans
3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Benefit Plans
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.