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Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Benefit Plans [Abstract]  
Information related to the Pension Plans
The Company uses a December 31 measurement date for the Pension Plans. Information related to the Pension Plans is as follows:
 
 
Year Ended December 31,
 
 
 
2013
  
2012
 
 
 
  
 
Accumulated benefit obligation at end of period
 
$
52,825
  
$
59,744
 
 
        
Change in projected benefit obligation
        
Projected benefit obligation at beginning of period
 
$
59,744
  
$
53,467
 
Interest cost
  
2,423
   
2,453
 
Net actuarial (gain) loss
  
(7,695
)
  
5,332
 
Benefits paid
  
(1,647
)
  
(1,508
)
Projected benefit obligation at end of period
 
$
52,825
  
$
59,744
 
 
        
Change in plan assets
        
Fair value of plan assets at beginning of period
 
$
36,570
  
$
31,423
 
Actual return on plan assets
  
6,465
   
4,268
 
Company contributions
  
1,052
   
2,387
 
Benefits paid
  
(1,647
)
  
(1,508
)
Fair value of plan assets at end of period
 
$
42,440
  
$
36,570
 
 
        
Funded status: accrued pension liability included in other long-term liabilities
 
$
(10,385
)
 
$
(23,174
)
 
        
Amounts recognized in accumulated other comprehensive income
        
Net actuarial loss
 
$
(4,393
)
 
$
(12,081
)
Additional information related to the Pension Plans
Additional information related to the Pension Plans is as follows:

 
 
Year ended December 31,
 
 
 
2013
  
2012
  
2011
 
 
 
  
  
 
Components of net periodic pension expense:
 
  
  
 
Interest cost
  
2,423
   
2,453
   
2,369
 
Expected return on plan assets
  
(2,520
)
  
(2,398
)
  
(2,342
)
Amortization of net loss
  
1,108
   
909
   
273
 
Net periodic pension expense
 
$
1,011
  
$
964
  
$
300
 
Weighted-average assumptions
Weighted-average assumptions used to determine the benefit obligations are as follows:
 
 
 
December 31,
 
 
 
2013
  
2012
 
 
 
  
 
Discount rate – salaried pension plan
  
4.98
%
  
4.10
%
Discount rate – hourly pension plan
  
5.01
%
  
4.14
%
Rate of compensation increase (1)
  
n/
a
  
n/
a

(1)No compensation increase was assumed as the plans were frozen effective December 31, 2008.

Weighted-average assumptions used to determine net periodic pension expense are as follows:
 
 
 
Year ended December 31,
 
 
 
2013
  
2012
  
2011
 
 
 
  
  
 
Discount rate
  
4.14
%
  
4.65
%
  
5.23
%
Expected long-term rate of return on plan assets
  
6.95
   
7.57
   
7.62
 
Rate of compensation increase (1)
  
n/
a
  
n/
a
  
n/
a

(1)No compensation increase was assumed as the plans were frozen effective December 31, 2008.
 
Pension Plan's weighted-average asset allocation
The Pension Plan’s weighted-average asset allocation at December 31, 2013 and 2012, by asset category, is as follows:
 
 
 
  
December 31, 2013
  
December 31, 2012
 
Asset Category
 
Target
  
Dollars
  
%
  
Dollars
  
%
 
Fixed Income
  
24
%
  
7,307
   
17
%
  
8,736
   
24
%
Domestic equity
  
49
%
  
23,903
   
56
%
  
17,926
   
49
%
International equity
  
17
%
  
7,424
   
18
%
  
6,257
   
17
%
Real estate
  
10
%
  
3,806
   
9
%
  
3,651
   
10
%
Total
  
100
%
 
$
42,440
   
100
%
 
$
36,570
   
100
%
Fair value of plan assets
The fair values of the Pension Plan's assets at December 31, 2013 are as follows:

 
 
 
 
 
Total
  
Quoted prices in active markets for identical asset
(level 1)
  
 
Significant observable inputs
(level 2)
  
 
Significant unobservable inputs
(level 3)
 
Mutual fund
 
$
39,759
  
$
39,759
  
$
–
  
$
–
 
Collective trust
  
2,681
   
–
   
2,681
   
–
 
Total
 
$
42,440
  
$
39,759
  
$
2,681
  
$
–
 

The fair values of the Pension Plan's assets at December 31, 2012 are as follows:

 
 
 
 
 
Total
  
Quoted prices in active markets for identical asset
(level 1)
  
 
Significant observable inputs
(level 2)
  
 
Significant unobservable inputs
(level 3)
 
Mutual fund
 
$
33,683
  
$
33,683
  
$
–
  
$
–
 
Collective trust
  
2,887
   
–
   
2,887
   
–
 
Total
 
$
36,570
  
$
33,683
  
$
2,887
  
$
–
 
Expected benefit payments
The following benefit payments are expected to be paid from the Pension Plans:
 
Year
 
 
2014
 
$
1,776
 
2015
  
1,838
 
2016
  
1,971
 
2017
  
2,176
 
2018
  
2,279
 
Years 2019 – 2023
  
13,353