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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2013
Employee Benefit Plans  
Summary of employee benefits charged to operating expenses

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(in thousands)

 

2013

 

2012

 

2013

 

2012

 

Payroll taxes

 

$

262

 

$

284

 

$

566

 

$

579

 

Medical plans

 

469

 

441

 

960

 

898

 

401k match and profit-sharing

 

115

 

137

 

190

 

306

 

Pension plan

 

286

 

330

 

572

 

660

 

Other

 

33

 

124

 

80

 

173

 

Total employee benefits

 

$

1,165

 

$

1,316

 

$

2,368

 

$

2,616

 

Components of net pension cost

 

Estimated

 

Actual

 

(in thousands)

 

2013

 

2012

 

Service cost—benefits earned during the year

 

$

1,211

 

$

1,168

 

Interest costs on projected benefit obligations

 

645

 

668

 

Expected return on plan assets

 

(820

)

(776

)

Expected administrative expenses

 

0

 

40

 

Amortization of prior service cost

 

78

 

78

 

Amortization of unrecognized net loss

 

30

 

46

 

Net periodic pension expense

 

$

1,144

 

$

1,224

 

 

 

 

 

 

 

Pension expense - three months ended June 30, (actual)

 

$

286

 

$

330

 

Pension expense - six months ended June 30, (actual)

 

$

572

 

$

660