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, 2017			Year Ended December 31, 2016
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	28,624		$	25,935
Service cost	501			995
Interest cost	617			1,155
Actuarial loss	—			1,031
Benefits paid	(301		)	(492		)
Projected benefit obligation, end of period	$	29,441		$	28,624
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions	301			492
Benefits paid	(301		)	(492		)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	(29,441	)	$	(28,624	)



	Three Months Ended				Six Months Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Components of Net Periodic Benefit Cost
Service cost	$	250	$	249	$	501	497
Interest cost	307		289		$	617	$	578
Net loss	73		53		145		107
Net periodic pension cost	$	630	$	591	$	1,263	$	1,182

The long-term portion of the pension liability as of June 30, 2017 and December 31, 2016 was $29.1 million and $28.3 million, respectively, and is included in Other Non-Current Liabilities in the accompanying consolidated balance sheets.