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EMPLOYEE BENEFIT PLAN | 6 Months Ended
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Jun. 30, 2013
EMPLOYEE BENEFIT PLAN |
EMPLOYEE BENEFIT PLAN |
8. | EMPLOYEE BENEFIT PLAN
The following represents the net periodic benefit cost and related components of the Company’s multiple employers Retirement Income Plan:
|  | Three months ended June 30 |  |  | Six months ended June 30 |
(in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Service cost |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Interest cost |  |  | 436 |  |  |  | 467 |  |  |  | 870 |  |  |  | 934 |
Expected return on plan assets |  |  | (511 | ) |  |  | (462 | ) |  |  | (1,022 | ) |  |  | (924 | )
Amortization of net losses |  |  | 196 |  |  |  | 167 |  |  |  | 391 |  |  |  | 334 |
Net periodic benefit cost |  | $ | 121 |  |  | $ | 172 |  |  | $ | 239 |  |  | $ | 344 |
The Company contributed approximately $0.8 million to this plan during the six months ended June 30, 2013. The Company permits selected highly compensated employees to defer a portion of their compensation into the non-qualified Supplemental Retirement Plan (“SERP”). The SERP assets are marked to market and totaled $11,671,000 as of June 30, 2013 and $11,103,000 as of December 31, 2012. The SERP assets are reported in non-current other assets on the consolidated balance sheet and changes in the fair value of these assets are recorded in the consolidated statement of operations as part of other (expense) income, net. Trading gains (losses) related to the SERP assets totaled approximately as follows:
|  | Three months ended June 30 |  |  | Six months ended June 30 |
(in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Gains (losses), net |  | $ | 46 |  |  | $ | (470 | ) |  | $ | 568 |  |  | $ | 180 |
The SERP deferrals and the distributions are recorded in pension liabilities with any changes in the fair value recorded as compensation cost.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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