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Pension Plans and Other Postretirement Benefits (Tables)
3 Months Ended
Mar. 31, 2013
Pension Plans and Other Postretirement Benefits [Abstract]  
Defined benefit plan and the supplemental defined benefit plans
                                 
    Defined Benefit Plan     Supplemental
Defined Benefit Plans
 
    Three Months Ended
March 31,
    Three Months Ended
March 31,
 
    2013     2012     2013     2012  

Components of net periodic pension (income) expense:

                               

Service cost:

                               

Benefit accrual

  $ -     $ -     $ -     $ -  

Other expenses

    90       90       -       -  

Interest cost

    342       357       154       168  

Expected return on plan assets

    (560     (606     -       -  

Settlement loss

    258       459       -       -  

Amortization of:

                               

Prior service cost

    -       -       31       31  

Actuarial loss

    401       513       51       245  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic pension expense

  $ 531     $ 813     $ 236     $ 444  
   

 

 

   

 

 

   

 

 

   

 

 

 
Net periodic benefit for postretirement benefits other than pensions
                 
    Three Months Ended
March 31,
 
    2013     2012  

Components of net periodic benefit:

               

Service cost

  $ -     $ -  

Interest cost

    23       23  

Amortization of prior service cost

    -       -  

Amortization of prior gain

    (59     (131
   

 

 

   

 

 

 

Net periodic income

  $ (36   $ (108
   

 

 

   

 

 

 
Summary of minimum funding requirement, contributions made and the expected full year contributions for the Company's plans
                         
    Defined Benefit Pension Plans        
    Defined
Benefit
Plan
    Supplemental
Defined Benefit
Plans
    Other
Postretirement
Benefits
 

Minimum funding requirement for 2013

  $ -       N/A       N/A  

Contributions made in the three months ended March 31, 2013

    -     $ 328     $ 33  

Expected contributions (approximations) for the year ended December 31, 2013 as of the time of :

                       

This Form 10-Q (1)

    3,000       1,320       480  

2012 Form 10-K (2)

    2,500       1,320       480  

 

 

N/A - Not applicable.

(1)

HMEC’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013.

(2)

HMEC’s Annual Report on Form 10-K for the year ended December 31, 2012, specifically “Notes to Consolidated Financial Statements — Note 9 — Pension Plans and Other Postretirement Benefits”.