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Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2014
Employee Benefit Plans  
Summary of employee benefits charged to operating expenses

 

 

 

Threee Months Ended March 31,

 

(in thousands)

 

2014

 

2013

 

Payroll taxes

 

$

293

 

$

304

 

Medical plans

 

518

 

491

 

401k match and profit sharing

 

153

 

75

 

Pension plan

 

236

 

286

 

Other

 

11

 

47

 

Total employee benefits

 

$

1,211

 

$

1,203

 

Components of net pension cost

 

 

 

Estimated

 

Actual

 

(in thousands)

 

2014

 

2013

 

Service cost - benefits earned during the year

 

$

981

 

$

1,174

 

Interest costs on projected benefit obligations

 

732

 

646

 

Expected return on plan assets

 

(887

)

(797

)

Expected administrative expenses

 

40

 

40

 

Amortization of prior service cost

 

79

 

79

 

Amortization of unrecognized net loss

 

0

 

31

 

Net periodic pension expense

 

$

945

 

$

1,173

 

 

 

 

 

 

 

Pension expense - three months ended March 31 (actual)

 

$

236

 

$

286