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Retirement Agreements And Other Postretirement Benefits | 6 Months Ended
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Jun. 30, 2012
Retirement Agreements And Other Postretirement Benefits [Abstract] |
Retirement Agreements And Other Postretirement Benefits | Note 5 – Retirement Agreements and Other Postretirement Benefits On November 17, 2003, the Company's subsidiary, Investors Title Insurance Company, entered into employment agreements with key executives that provide for the continuation of certain employee benefits and other payments due under the agreements upon retirement totaling $5,991,000 and $5,740,000 as of June 30, 2012 and December 31, 2011, respectively. The executive employee benefits include health insurance, dental, vision and life insurance and are unfunded. These amounts are classified as accounts payable and accrued liabilities in the Consolidated Balance Sheets. The following table sets forth the net periodic benefits cost for the executive benefits for the periods ended June 30, 2012 and 2011:
| For the Three Months Ended June 30, | For the Six Months Ended June 30,
| 2012 | 2011 | 2012 | 2011
Service cost – benefits earned during the year | $ | 3,154 | $ | 6,425 | $ | 6,308 | $ | 12,849
Interest cost on the projected benefit obligation |  | 6,967 |  | 7,689 |  | 13,934 |  | 15,378
Amortization of unrecognized prior service cost |  | 2,349 |  | 5,097 |  | 4,698 |  | 10,194
Amortization of unrecognized gains |  | 170 |  | 643 |  | 340 |  | 1,286
Net periodic benefits costs | $ | 12,640 | $ | 19,854 | $ | 25,280 | $ | 39,707

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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Implementation Guide (Q and A) -Number FAS88 -Paragraph 63 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 106 -Paragraph 518 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5, 6, 7, 8 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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