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Pension and Postretirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Reconciliation Of The Changes In The Benefit Obligations
The following tables provide a reconciliation of the changes in the benefit obligations and fair value of assets for 2013, 2012, and 2011 and a statement of the funded status at December 31, 2013, 2012 and 2011 for the pension and postretirement benefit plans of the Company. The Company uses a December 31st measurement date for its plans.

 
 
Pension Plan
 
Postretirement Benefits Plan
 
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
 
(in thousands)
Change in Benefit Obligation:
 
 
 
 
 
 
 
 
 
 
 
 
Benefit obligation, beginning
 
$

 
$

 
$
3,684

 
$
150

 
$
150

 
$
144

Service cost
 

 

 

 

 

 

Interest cost
 

 

 
101

 
4

 
5

 
6

Actuarial loss (gain)
 

 

 
143

 
(9
)
 
2

 
6

Benefits paid
 

 

 
(4,069
)
 
(7
)
 
(7
)
 
(6
)
Settlement loss
 

 

 
141

 

 

 

Benefit obligation, ending
 
$

 
$

 
$

 
$
138

 
$
150

 
$
150

Change in Plan Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of plan assets, beginning
 
$

 
$

 
$
3,252

 
$

 
$

 
$

Actual return on plan assets
 

 

 
87

 

 

 

Employer contributions
 

 

 
730

 
7

 
7

 
6

Benefits paid
 

 

 
(4,069
)
 
(7
)
 
(7
)
 
(6
)
Fair value of plan assets, ending
 
$

 
$

 
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Plan
 
Postretirement Benefits Plan
 
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
 
(in thousands)
Funded Status:
 
 
 
 
 
 
 
 
 
 
 
 
Funded status
 
$

 
$

 
$

 
$
(138
)
 
$
(150
)
 
$
(150
)
Unrecognized net actuarial loss
 

 

 

 

 

 

Unrecognized net transition obligation
 

 

 

 

 

 

Unrecognized prior service cost
 

 

 

 

 

 

Accrued benefits
 
$

 
$

 
$

 
$
(138
)
 
$
(150
)
 
$
(150
)
Amounts Recognized in Consolidated Balance Sheets:
 
 
 
 
 
 
 
 
 
 
 
 
Prepaid benefit cost
 
$

 
$

 
$

 
$

 
$

 
$

Accrued liability
 

 

 

 
(138
)
 
(150
)
 
(150
)
 
 
$

 
$

 
$

 
$
(138
)
 
$
(150
)
 
$
(150
)
Amounts Recognized in Accumulated Other Comprehensive Income:
 
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss (gain)
 
$

 
$

 
$

 
$
(65
)
 
$
(65
)
 
$
(76
)
Net transition obligation
 

 

 

 

 

 

Deferred tax (benefit)/liability
 

 

 

 
21

 
21

 
25

 
 
$

 
$

 
$

 
$
(44
)
 
$
(44
)
 
$
(51
)
Net Periodic Benefit Cost Of The Pension Plan And Postretirement Benefit Plan
The following tables provide the components of net periodic benefit cost of the pension plan and postretirement benefit plan for the years ended December 31, 2013, 2012, and 2011:
 
 
Pension Plan
 
Postretirement Benefits Plan
 
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
 
(in thousands)
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$

 
$

 
$

 
$

 
$

 
$

Interest cost
 

 

 
101

 
4

 
5

 
6

Expected return on plan assets
 

 

 
(83
)
 

 

 

Amortization of prior service costs
 

 

 

 

 

 

Amortization of transition obligation
 

 

 

 

 

 

Recognized net loss due to settlement
 

 

 
141

 

 

 

Amortization of net actuarial loss
 

 

 
572

 
(7
)
 
(8
)
 
(11
)
Net periodic benefit cost
 
$

 
$

 
$
731

 
$
(3
)
 
$
(3
)
 
$
(5
)
Schedule Of Estimated Future Benefit Payments
Estimated future benefit payments at December 31, 2013, which reflect expected future service, as appropriate, were as follows:
 
 
Postretirement
Benefits
 
(in thousands)
2014
$
15

2015
15

2016
15

2017
14

2018
14

2019 - 2023
54