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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.