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Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Components of Company Plan Benefit Expense
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
)
Components of Net Periodic Benefit Cost
 
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