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Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2019
Retirement Benefits [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):  
 
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


Components of Net Periodic Benefit Cost
 
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