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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2012
Employee Benefit Plans |
Schedule of funded status of the retirement income plan |
December 31, |  | 2012 |  |  | 2011 |
(in thousands) |  |  |  |  |  |
Accumulated Benefit Obligation at end of year |  | $ | 42,699 |  |  | $ | 38,278 |
CHANGE IN PROJECTED BENEFIT OBLIGATION: |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 38,278 |  |  | $ | 35,873 |
Service cost |  |  | — |  |  |  | — |
Interest cost |  |  | 1,869 |  |  |  | 1,916 |
Amendments |  |  | — |  |  |  | — |
Actuarial loss |  |  | 4,221 |  |  |  | 2,123 |
Benefits paid |  |  | (1,669 | ) |  |  | (1,634 | )
Projected benefit obligation at end of year |  | $ | 42,699 |  |  | $ | 38,278 |
CHANGE IN PLAN ASSETS: |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 24,180 |  |  | $ | 26,523 |
Actual return on plan assets |  |  | 2,712 |  |  |  | (1,309 | )
Employer contribution |  |  | 4,296 |  |  |  | 600 |
Benefits paid |  |  | (1,669 | ) |  |  | (1,634 | )
Fair value of plan assets at end of year |  |  | 29,519 |  |  |  | 24,180 |
Funded status at end of year |  | $ | (13,180 | ) |  | $ | (14,098 | )
December 31, |  | 2012 |  |  | 2011 |
(in thousands) |  |  |  |  |  |
AMOUNTS RECOGNIZED IN THE CONSOLIDATED BALANCE SHEETS CONSIST OF: |  |  |  |  |  |
Noncurrent assets |  | $ | — |  |  | $ | — |
Current liabilities |  |  | — |  |  |  | — |
Noncurrent liabilities |  |  | (13,180 | ) |  |  | (14,098 | )
|  | $ | (13,180 | ) |  | $ | (14,098 | )
December 31, |  | 2012 |  |  | 2011 |
(in thousands) |  |  |  |  |  |
AMOUNTS (PRE-TAX) RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) CONSIST OF: |  |  |  |  |  |
Net loss (gain) |  | $ | 23,129 |  |  | $ | 20,441 |
Prior service cost (credit) |  |  | — |  |  |  | — |
Net transition obligation (asset) |  |  | — |  |  |  | — |
|  | $ | 23,129 |  |  | $ | 20,441 |
Schedule of amounts recognized in balance sheet |
December 31, |  | 2012 |  |  | 2011 |
(in thousands) |  |  |  |  |  |
Funded status |  | $ | (13,180 | ) |  | $ | (14,098 | )
SERP liability |  |  | (13,363 | ) |  |  | (10,347 | )
Long-term pension liability |  | $ | (26,543 | ) |  | $ | (24,445 | )
Schedule of net periodic benefit cost |
Years ended December 31, |  | 2012 |  |  | 2011 |  |  | 2010 |
(in thousands) |  |  |  |  |  |  |  |  |
Service cost for benefits earned during the period |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost on projected benefit obligation |  |  | 1,869 |  |  |  | 1,916 |  |  |  | 1,893 |
Expected return on plan assets |  |  | (1,846 | ) |  |  | (1,831 | ) |  |  | (1,720 | )
Amortization of net loss |  |  | 667 |  |  |  | 463 |  |  |  | 409 |
Net periodic benefit plan cost |  | $ | 690 |  |  | $ | 548 |  |  | $ | 582 |
Schedule of amounts recognized in other comprehensive loss |
(in thousands) |  | 2012 |  |  | 2011 |  |  | 2010 |
Net loss |  | $ | 3,355 |  |  | $ | 5,263 |  |  | $ | 2,534 |
Amortization of net loss |  |  | (667 | ) |  |  | (463 | ) |  |  | (409 | )
Net transition obligation (asset) |  |  | — |  |  |  | — |  |  |  | — |
Amount recognized in accumulated other comprehensive loss |  | $ | 2,688 |  |  | $ | 4,800 |  |  | $ | 2,125
Schedule of components of net periodic benefit |
(in thousands) |  | 2013 |
Amortization of net loss |  | $ | 789 |
Prior service cost (credit) |  |  | — |
Net transition obligation (asset) |  |  | — |
Estimated net periodic benefit plan cost |  | $ | 789
Schedule of weighted average assumptions |
December 31, |  | 2012 |  |  | 2011 |  |  | 2010 |
Projected Benefit Obligation: |  |  |  |  |  |  |  |  |
Discount rate |  |  | 4.16 | % |  |  | 5.00 | % |  |  | 5.49 | %
Rate of compensation increase |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Net Benefit Cost: |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 5.00 | % |  |  | 5.49 | % |  |  | 6.00 | %
Expected return on plan assets |  |  | 7.00 | % |  |  | 7.00 | % |  |  | 7.00 | %
Rate of compensation increase |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Schedule of allocation of plan assets | The plan’s weighted average asset allocation at December 31, 2012 and 2011 by asset category along with the target allocation for 2013 are as follows:
Asset Category |  | Target Allocation for 2013 |  | Percentage of Plan Assets as of December 31, 2012 | Percentage of Plan Assets as of December 31, 2011
Cash and Cash Equivalents |  | 0% - | 5% |  |  | 0.2 | % | 0.7 | %
Debt Securities – Core Fixed Income |  | 15% - | 50% |  |  | 20.2 | % | 23.2 | %
Tactical – Fund of Equity and Debt Securities |  | 10% - | 20% |  |  | 15.1 | % | 16.3 | %
Domestic Equity Securities |  | 30% - | 50% |  |  | 15.2 | % | 15.2 | %
Global Equity Securities |  | 10% - | 20% |  |  | 16.0 | % | 14.8 | %
International Equity Securities |  | 10% - | 20% |  |  | 15.1 | % | 14.6 | %
Real Estate |  | 0% - | 10% |  |  | 9.2 | % | 5.6 | %
Real Return |  | 0% - | 10% |  |  | 9.0 | % | 9.6 | %
Other |  | 0% - | 5% |  |  | 0.0 | % | 0.0 | %
Total |  |  | 100% |  |  | 100.0 | % | 100.0 | %
Schedule of level three defined benefit plan assets | Fair Value Hierarchy as of December 31, 2012:
| Investments (in thousands) |  |  |  |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
| Cash and Cash Equivalents |  |  | (1 | ) |  | $ | 61 |  |  | $ | 61 |  |  | $ | - |  |  | $ | - |
| Fixed Income Securities |  |  | (2 | ) |  |  | 5,959 |  |  |  | - |  |  |  | 5,959 |  |  |  | - |
| Domestic Equity Securities |  |  |  |  |  |  | 4,475 |  |  |  | 4,475 |  |  |  | - |  |  |  | - |
| Global Equity Securities |  |  |  |  |  |  | 4,446 |  |  |  | 4,446 |  |  |  | - |  |  |  | - |
| International Equity Securities |  |  | (3 | ) |  |  | 4,737 |  |  |  | 2,205 |  |  |  | 2,532 |  |  |  | - |
| Tactical Composite |  |  | (4 | ) |  |  | 4,454 |  |  |  | - |  |  |  | 4,454 |  |  |  | - |
| Real Estate |  |  | (5 | ) |  |  | 2,730 |  |  |  | - |  |  |  | - |  |  |  | 2,730 |
| Real Return |  |  | (6 | ) |  |  | 2,657 |  |  |  | - |  |  |  | 2,657 |  |  |  | - |
|  |  |  |  |  |  | $ | 29,519 |  |  | $ | 11,187 |  |  | $ | 15,602 |  |  | $ | 2,730 |
Fair Value Hierarchy as of December 31, 2011:
| Investments (in thousands) |  |  |  |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
| Cash and Cash Equivalents |  |  | (1 | ) |  | $ | 175 |  |  | $ | 175 |  |  | $ | - |  |  | $ | - |
| Fixed Income Securities |  |  | (2 | ) |  |  | 5,608 |  |  |  | - |  |  |  | 5,608 |  |  |  | - |
| Domestic Equity Securities |  |  |  |  |  |  | 3,680 |  |  |  | 3,680 |  |  |  | - |  |  |  | - |
| Global Equity Securities |  |  |  |  |  |  | 3,568 |  |  |  | 3,568 |  |  |  | - |  |  |  | - |
| International Equity Securities |  |  | (3 | ) |  |  | 3,537 |  |  |  | 1,671 |  |  |  | 1,866 |  |  |  | - |
| Tactical Composite |  |  | (4 | ) |  |  | 3,935 |  |  |  | - |  |  |  | 3,935 |  |  |  | - |
| Real Estate |  |  | (5 | ) |  |  | 1,350 |  |  |  | - |  |  |  | - |  |  |  | 1,350 |
| Real Return |  |  | (6 | ) |  |  | 2,327 |  |  |  | - |  |  |  | 2,327 |  |  |  | - |
|  |  |  |  |  |  | $ | 24,180 |  |  | $ | 9,094 |  |  | $ | 13,736 |  |  | $ | 1,350 |
| (1) | Cash and cash equivalents, which are used to pay benefits and plan administrative expenses, are held in Rule 2a-7 money market funds.
| (2) | Fixed income securities are primarily valued using a market approach with inputs that include broker quotes, benchmark yields, base spreads and reported trades.
| (3) | Some international equity securities are valued using a market approach based on the quoted market prices of identical instruments in their respective markets.
| (4) | Tactical composite funds invest in stocks, bonds and cash, both domestic and international. These assets are valued primarily using a market approach based on the quoted market prices of identical instruments in their respective markets.
| (5) | Real estate fund values are primarily reported by the fund manager and are based on valuation of the underlying investments, which include inputs such as cost, discounted future cash flows, independent appraisals and market based comparable data.
| (6) | Real return funds invest in global equities, commodities and inflation protected core bonds that are valued primarily using a market approach based on the quoted market prices of identical instruments in their respective markets.
Schedule of reconciliation of level 3 assets |
Investments (in thousands) |  | Balance at December 31, 2011 |  |  | Net Realized and Unrealized Gains/(Losses) |  |  | Net Purchases, Issuances and Settlements |  |  | Net Transfers In to (Out of) Level 3 |  |  | Balance at December 31, 2012 |
Real Estate |  | $ | 1,350 |  |  | $ | 365 |  |  | $ | 1,015 |  |  | $ | - |  |  | $ | 2,730 |
Investments (in thousands) |  | Balance at December 31, 2010 |  |  | Net Realized and Unrealized Gains/(Losses) |  |  | Net Purchases, Issuances and Settlements |  |  | Net Transfers In to (Out of) Level 3 |  |  | Balance at December 31, 2011 |
Real Estate |  | $ | 1,210 |  |  | $ | 140 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,350 |
Alternative Investments |  |  | 275 |  |  |  | (2 | ) |  |  | (273 | ) |  |  | - |  |  |  | - |
|  | $ | 1,485 |  |  | $ | 138 |  |  | $ | (273 | ) |  | $ | - |  |  | $ | 1,350 |
Schedule of future benefits payable for the retirement income plan over the next ten years |
(in thousands) |  |  |
2013 |  | $ | 1,835 |
2014 |  |  | 1,942 |
2015 |  |  | 2,025 |
2016 |  |  | 2,220 |
2017 |  |  | 2,282 |
2018-2022 |  |  | 12,421
Schedule of stock option |
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2012 |  |  | 704,689 |  |  | $ | 1.31 |  |  | 0.99 years |  |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  | N/A |  |  |  |  |
Exercised |  |  | 704,689 |  |  |  | 1.31 |  |  |  | N/A |  |  |  |  |
Forfeited |  |  | - |  |  |  | - |  |  |  | N/A |  |  |  |  |
Expired |  |  | - |  |  |  | - |  |  |  | N/A |  |  |  |  |
Outstanding and exercisable at December 31, 2012 |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Schedule of summary of the changes in non-vested restricted shares |
|  | Shares |  |  | Weighted Average Grant- Date Fair Value |
Non-vested shares at January 1, 2012 |  |  | 4,440,831 |  |  | $ | 6.62 |
Granted |  |  | 1,146,750 |  |  |  | 11.69 |
Vested |  |  | (980,140 | ) |  |  | 5.51 |
Forfeited |  |  | (113,250 | ) |  |  | 8.17 |
Non-vested shares at December 31, 2012 |  |  | 4,494,191 |  |  | $ | 8.12 |

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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss that have not yet been recognized as components of net periodic benefit cost, such as the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (j) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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