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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2013
Employee Benefit Plans |
Summary of employee benefits charged to operating expenses |
(in thousands) |  | 2013 |  | 2012 |  | 2011 |
Payroll taxes |  | $ | 1,106 |  | $ | 1,127 |  | $ | 1,098 |
Medical plans |  | 1,915 |  | 1,772 |  | 1,676 |
401k match |  | 309 |  | 298 |  | 291 |
Pension plan |  | 1,173 |  | 1,224 |  | 907 |
Profit-sharing |  | 118 |  | 58 |  | 0 |
Other |  | 219 |  | 317 |  | 250 |
Total employee benefits |  | $ | 4,840 |  | $ | 4,796 |  | $ | 4,222 |
Schedule of obligations and funded status |
(in thousands) |  | 2013 |  | 2012 |
Change in projected benefit obligation: |  |  |  |  |
Balance, January 1 |  | $ | 15,342 |  | $ | 14,217 |
Service cost |  | 1,174 |  | 1,168 |
Interest cost |  | 646 |  | 667 |
Actuarial gain |  | (1,991 | ) | (458 | )
Benefits paid |  | (319 | ) | (252 | )
Balance, December 31 |  | $ | 14,852 |  | $ | 15,342 |
Change in plan assets: |  |  |  |  |
Fair value, January 1 |  | $ | 11,707 |  | $ | 10,034 |
Actual return on plan assets |  | 2,220 |  | 1,193 |
Employer contribution |  | 0 |  | 766 |
Expenses paid |  | (76 | ) | (34 | )
Benefits paid |  | (319 | ) | (252 | )
Fair value, December 31 |  | $ | 13,532 |  | $ | 11,707 |
Funded status at end of year |  | $ | (1,320 | ) | $ | (3,635 | )
Accumulated benefit obligation |  | $ | 12,298 |  | $ | 12,564 |
Components of net pension cost |
(in thousands) |  | 2013 |  | 2012 |  | 2011 |
Service cost—benefits earned during the year |  | $ | 1,174 |  | $ | 1,168 |  | $ | 931 |
Interest costs on projected benefit obligations |  | 646 |  | 667 |  | 604 |
Expected return on plan assets |  | (797 | ) | (776 | ) | (706 | )
Expected administrative expenses |  | 40 |  | 40 |  | 0 |
Amortization of prior service cost |  | 79 |  | 79 |  | 78 |
Amortization of unrecognized net loss |  | 31 |  | 46 |  | 0 |
Net periodic pension expense |  | $ | 1,173 |  | $ | 1,224 |  | $ | 907 |
Schedule of amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive income (loss), including amounts recognized in other comprehensive income |
(in thousands) |  | 2013 |  | 2012 |
Prior service costs |  | $ | (522 | ) | $ | (600 | )
Net accumulated actuarial net loss |  | 1,560 |  | (1,849 | )
Accumulated other comprehensive gain (loss) |  | 1,038 |  | (2,449 | )
Net periodic benefit cost in excess of cumulative employer contributions |  | (2,358 | ) | (1,186 | )
Net amount recognized at December 31, balance sheet |  | $ | (1,320 | ) | $ | (3,635 | )
Net gain arising during period |  | $ | 3,378 |  | $ | 881 |
Prior service cost amortization |  | 79 |  | 79 |
Amortization of net actuarial loss |  | 31 |  | 46 |
Total recognized in other comprehensive income (loss) |  | $ | 3,488 |  | $ | 1,006 |
Total recognized in net periodic pension cost and other comprehensive income (loss) |  | $ | (2,315 | ) | $ | 218 |
Schedule of assumptions utilized to determine benefit obligations and to determine pension expense |
|  | 2013 |  | 2012 |  | 2011 |
Determination of benefit obligation at year end: |  |  |  |  |  |  |
Discount rate |  | 5.00 | % | 4.25 | % | 4.75 | %
Annual rate of compensation increase |  | 3.73 | % | 3.61 | % | 4.50 | %
Determination of pension expense for year ended: |  |  |  |  |  |  |
Discount rate for the service cost |  | 5.00 | % | 4.75 | % | 5.75 | %
Annual rate of compensation increase |  | 3.73 | % | 3.61 | % | 4.50 | %
Expected long-term rate of return on plan assets |  | 7.00 | % | 7.00 | % | 7.00 | %
Schedule of fair value of the Company's pension plan assets, by asset category |
|  |  |  | Fair Value Measurements |
|  |  |  | Quoted Prices |  |  |  |  |
|  |  |  | in Active |  |  |  |  |
|  |  |  | Markets for |  | Other |  | Significant |
|  |  |  | Identical |  | Observable |  | Unobservable |
|  |  |  | Assets |  | Inputs |  | Inputs |
(in thousands) |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3) |
December 31, 2013 |  |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 675 |  | $ | 675 |  | $ | 0 |  | $ | 0 |
Equity securities: |  |  |  |  |  |  |  |  |
U.S. large-cap (a) |  | 6,506 |  | 6,506 |  | 0 |  | 0 |
U.S. mid-cap (b) |  | 820 |  | 820 |  | 0 |  | 0 |
U.S. small-cap (c) |  | 1,151 |  | 1,151 |  | 0 |  | 0 |
International (d) |  | 2,016 |  | 2,016 |  | 0 |  | 0 |
Real estate (e) |  | 387 |  | 387 |  | 0 |  | 0 |
Commodities (f) |  | 319 |  | 319 |  | 0 |  | 0 |
Fixed income securities: |  |  |  |  |  |  |  |  |
U.S. gov’t agency obligations (g) |  | 1,450 |  | 0 |  | 1,450 |  | 0 |
Corporate investment grade (g) |  | 209 |  | 0 |  | 209 |  | 0 |
Corporate non-investment grade (g) |  | 0 |  | 0 |  | 0 |  | 0 |
Total |  | $ | 13,533 |  | $ | 11,874 |  | $ | 1,659 |  | $ | 0 |
December 31, 2012 |  |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 485 |  | $ | 485 |  | $ | 0 |  | $ | 0 |
Equity securities: |  |  |  |  |  |  |  |  |
U.S. large-cap (a) |  | 4,335 |  | 4,335 |  | 0 |  | 0 |
U.S. mid-cap (b) |  | 575 |  | 575 |  | 0 |  | 0 |
U.S. small-cap (c) |  | 635 |  | 635 |  | 0 |  | 0 |
International (d) |  | 1,670 |  | 1,670 |  | 0 |  | 0 |
Real estate (e) |  | 395 |  | 395 |  | 0 |  | 0 |
Commodities (f) |  | 370 |  | 370 |  | 0 |  | 0 |
Fixed income securities: |  |  |  |  |  |  |  |  |
U.S. gov’t agency obligations (g) |  | 2,726 |  | 0 |  | 2,726 |  | 0 |
Corporate investment grade (g) |  | 416 |  | 0 |  | 416 |  | 0 |
Corporate non-investment grade (g) |  | 100 |  | 0 |  | 100 |  | 0 |
Total |  | $ | 11,707 |  | $ | 8,465 |  | $ | 3,242 |  | $ | 0 |
(a) This category is comprised of low-cost equity index funds not actively managed that track the S&P 500. (b) This category is comprised of low-cost equity index funds not actively managed that track the MSCI U.S. mid-cap 450. (c) This category is comprised of actively managed mutual funds. (d) 32% and 37% at December 31, 2013 and 2012, respectively, of this category is comprised of low-cost equity index funds not actively managed that track the MSCI EAFE. (e) This category is comprised of low-cost real estate index exchange traded funds. (f) This category is comprised of exchange traded funds investing in agricultural and energy commodities. (g) This category is comprised of individual bonds.
Schedule of future benefit payments expected to be paid |
Year |  | Pension benefits |
(in thousands) |  |  |
2014 |  | $ | 438 |
2015 |  | 462 |
2016 |  | 483 |
2017 |  | 583 |
2018 |  | 609 |
2019 to 2023 |  | 4,184 |

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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income or loss, which have not yet been recognized as components of net periodic benefit cost. Also includes amount of net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References No definition available. + Details
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- Definition Summary of employee benefits charged to operating expenses. + References No definition available. + Details
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- Definition Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a)(b)(c) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=28361610&loc=d3e1928-114920 + Details
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