XML 22 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Employee Benefit Plans [Abstract]  
Reconciliation of Change in Benefit Obligation
Obligations and Funded Status at December 31,   2013     2012  
             
Change in Benefit Obligation                
Benefit obligation at beginning of year   $ 85,516     $ 77,230  
Service cost     -       -  
Interest cost     3,349       3,574  
Actuarial (gain) loss     (7,921 )     7,745  
Benefits paid     (3,460 )     (3,033 )
Benefit obligation at end of year     77,484       85,516  
                 
Schedule of Changes in Plan Assets
Change in Plan Assets                
Fair value of plan assets at beginning of year     65,890       58,148  
Actual return on plan assets     12,403       7,619  
Employer contributions     3,160       3,156  
Benefits paid     (3,460 )     (3,033 )
Fair value of plan assets at end of year     77,993       65,890  
                 
Schedule of Funded Status
Funded Status                
Funded status     509       (19,626 )
Unrecognized net actuarial loss     30,284       47,016  
Unrecognized prior service cost     -       -  
Net amount recognized   $ 30,793     $ 27,390  
Schedule of Weighted Average Assumptions
Weighted Average Assumptions for the years ended December 31,   2013     2012  
Discount rate     4.00 %     4.75 %
Expected long-term return on plan assets     8.00 %     8.00 %
Rate of compensation increases     N/A       N/A  

 

Schedule of Components of Net Periodic Pension Cost
Components of Net Periodic Pension Cost   2013     2012  
Service cost   $ -     $ -  
Interest cost     3,349       3,574  
Expected return on assets     (5,238 )     (4,650 )
Recognized gains     1,645       1,481  
Prior service cost recognized     -       -  
Net periodic pension cost   $ (244 )   $ 405  
                 
Schedule of Amounts Recognized on the Balance Sheet
Amounts Recognized on the Balance Sheet   2013     2012  
Accrued benefit liability   $ 509     $ (19,626 )
Accumulated other comprehensive loss, net of tax     19,379       29,620  
Deferred tax asset     10,905       17,396  
    $ 30,793     $ 27,390  
 
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost
Weighted Average Assumptions as of December 31,   2013     2012  
Discount rate     4.75 %     4.00 %
Rate of compensation increases     N/A       N/A  
                 
Schedule of Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets
Information for Pension Plans with an Accumulated Benefit
Obligation in excess of plan assets
    2013       2012  
Projected benefit obligation   $ 77,484     $ 85,516  
Accumulated benefit obligation   $ 77,484     $ 85,516  
Fair value of plan assets   $ 77,993     $ 65,890  
                 
Schedule of Pension Weighted Average Asset Allocations
Pension Weighted Average Asset Allocations as of December 31,     2013       2012  
Debt securities     -       25 %
Equity securities     6 %     69 %
Real estate     -       5 %
Money market funds     94 %     1 %
      100 %     100 %
Schedule of Defined Benefit Plans' Assets at Fair Value

The following table sets forth the defined-benefit plans' assets at fair value:

 

December 31,   2013     2012  
                 
Pooled separate accounts:                
Equity securities:                
U.S. small cap equity funds   $ -     $ 7,637  
U.S. mid-cap equity funds     -       18,626  
U.S. large-cap equity funds     -       5,848  
International equity funds     4,458       13,083  
Domestic real estate funds     -       3,640  
Fixed income securities:                
Corporate bond funds     -       16,510  
Money market fund     73,535       546  
    $ 77,993     $ 65,890