Benefit Plans

9 Months Ended

Sep. 30, 2019

Retirement Benefits [Abstract]

Benefit Plans

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, 2019			Year Ended December 31, 2018
Change in Projected Benefit Obligation
Projected benefit obligation, beginning of period	$	32,474		$	32,820
Service cost	749			1,200
Interest cost	1,045			1,242
Actuarial gain	—			(2,166		)
Benefits paid	(585		)	(622		)
Projected benefit obligation, end of period	$	33,683		$	32,474
Change in Plan Assets
Plan assets at fair value, beginning of period	$	—		$	—
Company contributions	585			622
Benefits paid	(585		)	(622		)
Plan assets at fair value, end of period	$	—		$	—
Unfunded Status of the Plan	$	33,683		$	32,474

    

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Components of Net Periodic Benefit Cost
Service cost	$	300	$	300	$	749	$	900
Interest cost	348		310		1,045		931
Net loss	53		133		158		399
Net periodic pension cost	$	701	$	743	$	1,952	$	2,230

The long-term portion of the pension liability as of September 30, 2019 and December 31, 2018 was $33.4 million and $32.1 million, respectively, and is included in Other Non-Current Liabilities in the accompanying consolidated balance sheets.