Benefit Plans (Tables)

12 Months Ended

Dec. 31, 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. The table illustrates the reconciliation of the beginning and ending balances of the benefit obligation showing the effects during the periods presented attributable to service cost, interest cost, plan amendments, termination benefits, actuarial gains and losses. The assumptions used in the Company’s calculation of accrued pension costs are based on market information and the Company’s historical rates for employment compensation and discount rates.

	December 31, 2019			December 31, 2018
Accumulated Benefit Obligation, End of Year	$	30,139		$	25,777
Change in Projected Benefit Obligation
Projected Benefit Obligation, Beginning of Year	$	32,474		$	32,820
Service Cost	998			1,200
Interest Cost	1,393			1,242
Actuarial (Gain) Loss	3,449			(2,166		)
Benefits Paid	(763		)	(622		)
Projected Benefit Obligation, End of Year	$	37,551		$	32,474
Change in Plan Assets
Plan Assets at Fair Value, Beginning of Year	$	—		$	—
Company Contributions	763			622
Benefits Paid	(763		)	(622		)
Plan Assets at Fair Value, End of Year	$	—		$	—
Unfunded Status of the Plan	$	(37,551	)	$	(32,474	)
Amounts Recognized in Accumulated Other Comprehensive Income
Net Loss	8,285			5,047
Total Pension Cost	$	8,285		$	5,047

Components of Net Periodic Benefit Cost

	2019			2018
Components of Net Periodic Benefit Cost
Service Cost	$	998		$	1,200
Interest Cost	1,393			1,242
Amortization of:
Net Loss	210			532
Net Periodic Pension Cost	$	2,601		$	2,974
Weighted Average Assumptions for Expense
Discount Rate	3.40		%	4.50		%
Expected Return on Plan Assets	N/A			N/A
Rate of Compensation Increase	4.40		%	4.40		%

Benefit Payments Representing the Company's Obligations to Employees

The benefit payments reflected in the table below represent the Company’s obligations to employees that are eligible for retirement or have already retired and are receiving deferred compensation benefits:

Fiscal Year	Pension Benefits
	(In thousands)
2020	$	9,465
2021	868
2022	860
2023	850
2024	939
Thereafter	24,569
	$	37,551