BENEFIT PLANS

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



	Nine Months Ended September 30, 2016			Year Ended December 2015
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	25,935		$	25,826
Service cost	746			1,173
Interest cost	866			1,082
Actuarial gain	—			(1,818		)
Benefits paid	(339		)	(328		)
Projected benefit obligation, end of period	$	27,208		$	25,935
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions	339			328
Benefits paid	(339		)	(328		)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	(27,208	)	$	(25,935	)



	Three Months Ended				Nine Months Ended
	September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Components of Net Periodic Benefit Cost
Service cost	$	249	$	293	$	746	$	860
Interest cost	289		271		866		812
Net loss	53		107		160		320
Net periodic pension cost	$	591	$	671	$	1,772	$	1,992

The long-term portion of the pension liability as of September 30, 2016 and December 31, 2015 was $26.9 million and $25.1 million, respectively, and is included in Other Non-Current Liabilities in the accompanying consolidated balance sheets.