Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2019

Compensation And Retirement Disclosure [Abstract]

Information about Pension Plan

Information about the pension plan is as follows:

	2019			2018
Change in benefit obligation:
Beginning benefit obligation	$	13,338		$	17,916
Service cost		—			—
Interest cost		479			627
Curtailment gain		—			—
Settlement loss		—			98
Actuarial (gain)/loss		3,546			(1,800	)
Benefits paid		(1,793	)		(104	)
Settlement payments		—			(3,399	)
Ending benefit obligation		15,570			13,338
Change in plan assets, at fair value:
Beginning plan assets		15,572			19,306
Actual return		1,404			(207	)
Employer contribution		—			—
Benefits paid		(1,793	)		(104	)
Settlement payments		—			(3,399	)
Administrative expenses		—			(24	)
Ending plan assets		15,183			15,572
Funded status at end of year	$	(387	)	$	2,234

Components of Net Periodic Pension Expense

The components of net periodic pension expense were as follows:

	2019			2018			2017
Service cost	$	—		$	—		$	—
Interest cost		479			627			679
Expected return on plan assets		(811	)		(1,355	)		(1,178	)
Net amortization and deferral		156			149			380
Net periodic pension cost (benefit)		(176	)		(579	)		(119	)
Additional loss due to settlement		—			1,188			237
Total pension cost (benefit)	$	(176	)	$	609		$	118
Net loss (gain) recognized in other comprehensive    income	$	2,798		$	(1,453	)	$	(322	)
Total recognized in net periodic benefit cost    and other comprehensive loss (before tax)	$	2,622		$	(2,032	)	$	(441	)

Weighted Average Assumptions Used to Determine Benefit Obligations and Net Periodic Pension Cost

The weighted average assumptions used to determine benefit obligations at year-end were as follows:

	2019			2018			2017
Discount rate on benefit obligation		3.13	%		4.14	%		3.51	%
Long-term rate of return on plan assets		4.96	%		7.00	%		7.00	%
Rate of compensation increase		0.00	%		0.00	%		0.00	%

The weighted average assumptions used to determine net periodic pension cost were as follows:

	2019			2018			2017
Discount rate on benefit obligation		4.14	%		3.51	%		4.00	%
Long-term rate of return on plan assets		7.00	%		7.00	%		7.00	%
Rate of compensation increase		0.00	%		0.00	%		0.00	%

Schedule of Pension Plan Asset Allocation and Target Allocation by Asset Category

The Company’s pension plan asset allocation at year-end 2019 and 2018 and target allocation for 2020 by asset category are as follows:

	Target Allocation	Percentage of Plan Assets at Year-end
Asset Category	2020	2019			2018
Equity securities	0-30%		20.0	%		33.1	%
Debt securities	70-100		80.0			20.7
Money market funds	0		0.0			46.2
Total			100.0	%		100.0	%

Plan's Assets at Fair Value Hierarchy

The following tables set forth by level, within the fair value hierarchy, the pension plan’s assets at fair value as of December 31, 2019 and 2018:

	December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Common/collective trust:
Bonds	$	12,146	$	—	$	—	$	12,146
Equities		3,037		—		—		3,037
Total assets at fair value	$	15,183	$	—	$	—	$	15,183

Summary of Expected Benefit Payments

Expected benefit payments, which reflect expected future service, are as follows:

2020	$	204
2021		246
2022		314
2023		375
2024		416
2025 through 2029		480
Total	$	2,035