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Retirement Agreements And Other Postretirement Benefits | 9 Months Ended
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Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract] |
Retirement Agreements And Other Postretirement Benefits | Retirement Agreements and Other Postretirement Benefits The Company’s subsidiary, Investors Title Insurance Company ("ITIC"), is party to employment agreements with key executives that provide for the continuation of certain employee benefits and other payments due under the agreements upon retirement estimated to total $7,001,000 and $6,580,000 as of September 30, 2014 and December 31, 2013, 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 sets forth the net periodic benefits cost for the executive benefits for the periods ended September 30, 2014 and 2013:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Service cost – benefits earned during the year | $ | 3,666 |  |  | $ | 3,946 |  |  | $ | 11,000 |  |  | $ | 11,837 |
Interest cost on the projected benefit obligation | 7,618 |  |  | 7,103 |  |  | 22,854 |  |  | 21,309 |
Amortization (accretion) of unrecognized prior service cost | 554 |  |  | (380 | ) |  | 1,663 |  |  | (1,139 | )
Amortization of unrecognized losses | — |  |  | 1,573 |  |  | — |  |  | 4,720 |
Net periodic benefits costs | $ | 11,838 |  |  | $ | 12,242 |  |  | $ | 35,517 |  |  | $ | 36,727 |

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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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