XML 53 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.8

EMPLOYEE BENEFIT PLAN | 9 Months Ended
--- | ---
Sep. 30, 2014
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 September 30 |  |  | Nine months ended September 30 |
(in thousands) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Service cost |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Interest cost |  |  | 487 |  |  |  | 436 |  |  |  | 1,460 |  |  |  | 1,306 |
Expected return on plan assets |  |  | (560 | ) |  |  | (511 | ) |  |  | (1,680 | ) |  |  | (1,533 | )
Amortization of net losses |  |  | 133 |  |  |  | 197 |  |  |  | 399 |  |  |  | 588 |
Net periodic benefit cost |  | $ | 60 |  |  | $ | 122 |  |  | $ | 179 |  |  | $ | 361 |
| The Company contributions to this plan were $765,000 during the nine months ended September 30, 2014 and $800,000 during the nine months ended September 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 $15,915,000 as of September 30, 2014 and $13,963,000 as of December 31, 2013. 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 reported in the consolidated statement of operations as part of other (expense) income, net. Trading gains (losses) related to the SERP assets were approximately as follows:
|  | Three months ended September 30 |  |  | Nine months ended September 30 |
(in thousands) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Gains (losses), net |  | $ | (253 | ) |  | $ | 806 |  |  | $ | 384 |  |  | $ | 1,374 |
The SERP deferrals and the distributions are recorded in pension liabilities with any changes in the fair value recorded as compensation cost.

X
- Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414718&loc=d3e28014-114942 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35742057&loc=SL14450702-114947 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration