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EMPLOYEE RETIREMENT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2011
Schedule of Defined Benefit Plans Disclosures | A summary of the plans’ net periodic pension cost, benefit obligations, funded status, and net balance sheet position is as follows (dollars in thousands):
|  | 2011 |  |  | 2011 |  |  | 2011 |  |  | 2011 |  |  | 2010 |  |  | 2010 |  |  | 2010 |
|  | Elgin |  |  | Smithville |  |  | Wrexham |  |  | Director |  |  | Elgin |  |  | Smithville |  |  | Director |
|  | Plan |  |  | Plan |  |  | Plan |  |  | Plans |  |  | Plan |  |  | Plan |  |  | Plans |
Net Periodic Pension Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,123 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,091 |
Interest cost |  |  | 226 |  |  |  | 669 |  |  |  | 415 |  |  |  | 472 |  |  |  | 231 |  |  |  | 635 |  |  |  | 435 |
Expected return on assets |  |  | (178 | ) |  |  | (571 | ) |  |  | (480 | ) |  |  | — |  |  |  | (167 | ) |  |  | (523 | ) |  |  | — |
Amortization of net loss |  |  | 125 |  |  |  | 203 |  |  |  | — |  |  |  | 507 |  |  |  | 114 |  |  |  | 119 |  |  |  | — |
Pension settlement |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | 172 |
|  | $ | 173 |  |  | $ | 301 |  |  | $ | (65 | ) |  | $ | 2,115 |  |  | $ | 178 |  |  | $ | 231 |  |  | $ | 1,698 |
Change in Benefit Obligation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation – beginning of year |  | $ | 4,142 |  |  | $ | 11,958 |  |  | $ | — |  |  | $ | 7,028 |  |  | $ | 4,095 |  |  | $ | 10,821 |  |  | $ | 6,153 |
Benefit obligations – acquisitions |  |  | — |  |  |  | — |  |  |  | 13,328 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Service cost |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,123 |  |  |  | — |  |  |  | — |  |  |  | 1,091 |
Interest on benefit obligations |  |  | 226 |  |  |  | 669 |  |  |  | 415 |  |  |  | 472 |  |  |  | 231 |  |  |  | 635 |  |  |  | 435 |
Actuarial losses |  |  | 695 |  |  |  | 2,978 |  |  |  | 192 |  |  |  | 3,043 |  |  |  | 85 |  |  |  | 843 |  |  |  | — |
Pension settlement |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 172 |
Net benefit payments |  |  | (262 | ) |  |  | (401 | ) |  |  | (246 | ) |  |  | (300 | ) |  |  | (269 | ) |  |  | (341 | ) |  |  | (823 | )
Benefit obligation – end of year |  | $ | 4,801 |  |  | $ | 15,204 |  |  | $ | 13,689 |  |  | $ | 11,378 |  |  | $ | 4,142 |  |  | $ | 11,958 |  |  | $ | 7,028 |
Change in Plan Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plan assets at fair value – beginning of year |  | $ | 3,342 |  |  | $ | 8,253 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,189 |  |  | $ | 7,526 |  |  | $ | — |
Plan assets at fair value – acquisitions |  |  | — |  |  |  | — |  |  |  | 11,798 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Company contributions |  |  | 156 |  |  |  | 225 |  |  |  | 465 |  |  |  | 300 |  |  |  | 118 |  |  |  | 250 |  |  |  | 823 |
Investment (loss) gain |  |  | (49 | ) |  |  | (257 | ) |  |  | (499 | ) |  |  | — |  |  |  | 304 |  |  |  | 818 |  |  |  | — |
Benefit payments and plan expenses |  |  | (261 | ) |  |  | (401 | ) |  |  | (246 | ) |  |  | (300 | ) |  |  | (269 | ) |  |  | (341 | ) |  |  | (823 | )
Plan assets at fair value – end of year |  | $ | 3,188 |  |  | $ | 7,820 |  |  | $ | 11,518 |  |  | $ | — |  |  | $ | 3,342 |  |  | $ | 8,253 |  |  | $ | — |
Funded Status: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unfunded benefit obligation |  | $ | (1,614 | ) |  | $ | (7,384 | ) |  | $ | (2,170 | ) |  | $ | (11,378 | ) |  | $ | (799 | ) |  | $ | (3,704 | ) |  | $ | (7,028 | )
Amounts recognized in balance sheet at year end: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other noncurrent liabilities |  | $ | (1,614 | ) |  | $ | (7,384 | ) |  | $ | (2,170 | ) |  | $ | (11,378 | ) |  | $ | (799 | ) |  | $ | (3,704 | ) |  | $ | (7,028 | )
Pre-tax components in accumulated other comprehensive income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss |  | $ | 2,102 |  |  | $ | 6,291 |  |  | $ | 1,409 |  |  | $ | 2,536 |  |  | $ | 1,304 |  |  | $ | 2,689 |  |  | $ | — |
Net prior service cost |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net transaction (asset) obligations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total amount recognized |  | $ | 2,102 |  |  | $ | 6,291 |  |  | $ | 1,409 |  |  | $ | 2,536 |  |  | $ | 1,304 |  |  | $ | 2,689 |  |  | $ | — |
Accumulated Benefit Obligation |  | $ | 4,801 |  |  | $ | 15,204 |  |  | $ | 13,689 |  |  | $ | 3,999 |  |  | $ | 4,142 |  |  | $ | 11,958 |  |  | $ | 4,371 |
Salary growth rate |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | 10.0 | % |  |  | n/a |  |  |  | n/a |  |  |  | 10.0 | %
Assumed discount rate |  |  | 4.3 | % |  |  | 4.3 | % |  |  | 4.7 | % |  |  | 4.3 | % |  |  | 5.5 | % |  |  | 5.5 | % |  |  | 6.0 | %
Expected return on assets |  |  | 5.5 | % |  |  | 7.0 | % |  |  | 6.6 | % |  |  | n/a |  |  |  | 5.5 | % |  |  | 7.0 | % |  |  | n/a
Schedule of Allocation of Plan Assets | The assets of the plans were invested in the following classes of securities (none of which were securities of the company): Elgin Plan
|  | Target Allocation |  |  | Percentage of Plan Assets |
|  |  |  |  | 2011 |  |  | 2010 |
Equity |  |  | 48 | % |  |  | 49 | % |  |  | 48 | %
Fixed income |  |  | 40 | % |  |  | 37 |  |  |  | 32 |
Money market |  |  | 4 | % |  |  | 5 |  |  |  | 12 |
Other (real estate & commodities) |  |  | 8 | % |  |  | 9 |  |  |  | 8 |
|  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Smithville Plan
|  | Target Allocation |  |  | Percentage of Plan Assets |
|  |  |  |  | 2011 |  |  | 2010 |
Equity |  |  | 48 | % |  |  | 51 | % |  |  | 56 | %
Fixed income |  |  | 40 | % |  |  | 37 |  |  |  | 36 |
Money market |  |  | 4 | % |  |  | 4 |  |  |  | - |
Other (real estate & commodities) |  |  | 8 | % |  |  | 8 |  |  |  | 8 |
|  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Wrexham Plan
|  | Target Allocation |  |  | Percentage of Plan Assets |
|  |  |  |  | 2011 |
Equity |  |  | 50 | % |  |  | 66 | %
Fixed income |  |  | 50 | % |  |  | 27 |
Money market |  |  | — | % |  |  | 7 |
|  |  | 100 | % |  |  | 100 | %
Pension Plans Fair Value Of Investments | The following tables summarize the basis used to measure the pension plans’ assets at fair value as of December 31, 2011 (in thousands): Elgin Plan
Asset Category |  | Total |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Short Term Investment Fund (a) |  | $ | 169 |  |  | $ | — |  |  | $ | 169 |  |  | $ | — |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Large Cap |  |  | 768 |  |  |  | 768 |  |  |  | — |  |  |  | — |
Mid Cap |  |  | 86 |  |  |  | 86 |  |  |  | — |  |  |  | — |
Small Cap |  |  | 121 |  |  |  | 121 |  |  |  | — |  |  |  | — |
International |  |  | 607 |  |  |  | 607 |  |  |  | — |  |  |  | — |
Fixed Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government/Corporate |  |  | 989 |  |  |  | 989 |  |  |  | — |  |  |  | — |
High Yield |  |  | 183 |  |  |  | 183 |  |  |  | — |  |  |  | — |
Alternative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global Real Estate |  |  | 88 |  |  |  | 88 |  |  |  | — |  |  |  | — |
Commodities |  |  | 177 |  |  |  | 177 |  |  |  | — |  |  |  | — |
Total |  | $ | 3,188 |  |  | $ | 3,019 |  |  | $ | 169 |  |  | $ | — |
| (a) | Represents collective short term investment fund, composed of high-grade money market instruments with short maturities.
Smithville Plan
Asset Category |  | Total |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Short Term Investment Fund (a) |  | $ | 328 |  |  | $ | — |  |  | $ | 328 |  |  | $ | — |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Large Cap |  |  | 1,895 |  |  |  | 1,895 |  |  |  | — |  |  |  | — |
Mid Cap |  |  | 209 |  |  |  | 209 |  |  |  | — |  |  |  | — |
Small Cap |  |  | 328 |  |  |  | 328 |  |  |  | — |  |  |  | — |
International |  |  | 1,535 |  |  |  | 1,535 |  |  |  | — |  |  |  | — |
Fixed Income: |  |  |  |  |  |  |  |  |  |  | — |  |  |  | — |
Government/Corporate |  |  | 2,435 |  |  |  | 2,435 |  |  |  |  |  |  |  |  |
High Yield |  |  | 449 |  |  |  | 449 |  |  |  |  |  |  |  |  |
Alternative: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global Real Estate |  |  | 225 |  |  |  | 225 |  |  |  | — |  |  |  | — |
Commodities |  |  | 416 |  |  |  | 416 |  |  |  | — |  |  |  | — |
Total |  | $ | 7,820 |  |  | $ | 7,492 |  |  | $ | 328 |  |  | $ | — |
| (a) | Represents collective short term investment fund, composed of high-grade money market instruments with short maturities.
Wrexham Plan
Asset Category |  | Total |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Short Term Investment Fund (a) |  | $ | 800 |  |  | $ | — |  |  | $ | 800 |  |  | $ | — |
Equity Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
UK |  |  | 3,599 |  |  |  | 3,599 |  |  |  | — |  |  |  | — |
International |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed |  |  | 2,008 |  |  |  | 2,008 |  |  |  | — |  |  |  | — |
Emerging |  |  | 341 |  |  |  | 341 |  |  |  | — |  |  |  | — |
Global |  |  | 1,604 |  |  |  | 1,604 |  |  |  | — |  |  |  | — |
Fixed Income: |  |  |  |  |  |  |  |  |  |  | — |  |  |  | — |
Government/Corporate |  |  | 1,802 |  |  |  | 1,802 |  |  |  | — |  |  |  | — |
Aggregate |  |  | 354 |  |  |  | 354 |  |  |  | — |  |  |  | — |
Index Linked |  |  | 1,010 |  |  |  | 1,010 |  |  |  | — |  |  |  | — |
Total |  | $ | 11,518 |  |  | $ | 10,718 |  |  | $ | 800 |  |  | $ | — |
| (a) | Represents collective short term investment fund, composed of high-grade money market instruments with short maturities.
Schedule of Expected Benefit Payments | Estimated future benefit payments under the plans are as follows (dollars in thousands):
|  | Elgin Plan |  |  | Smithville Plan |  |  | Wrexham Plan |  |  | Director Plans |
2012 |  |  | 304 |  |  |  | 409 |  |  |  | 465 |  |  |  | — |
2013 |  |  | 309 |  |  |  | 461 |  |  |  | 480 |  |  |  | — |
2014 |  |  | 302 |  |  |  | 496 |  |  |  | 496 |  |  |  | — |
2015 |  |  | 297 |  |  |  | 516 |  |  |  | 511 |  |  |  | — |
2016 through 2021 |  |  | 1,788 |  |  |  | 3,945 |  |  |  | 3,392 |  |  |  | 6,865

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