XML 119 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Benefit Plans [Abstract]  
Schedule of changes in plan benefit obligation and fair value of assets
                         
    (in thousands)  
    2012     2011     2010  

Change in Benefit Obligation

                       

Benefit obligation, beginning of year

  $ 5,995     $ 5,588     $ 4,747  

Service cost

    427       359       307  

Interest cost

    269       307       284  

Actuarial loss

    725       871       565  

Benefits paid

    (172     (1,097     (315

Gain due to settlement

    —         (33     —    
   

 

 

   

 

 

   

 

 

 

Benefit obligation, end of year

  $ 7,244     $ 5,995     $ 5,588  
   

 

 

   

 

 

   

 

 

 

Changes in Plan Assets

                       

Fair value of plan assets, beginning of year

  $ 3,454     $ 4,284     $ 3,921  

Actual return on plan assets

    458       27       478  

Employer contributions

    306       240       200  

Benefits paid

    (172     (1,097     (315
   

 

 

   

 

 

   

 

 

 

Fair value of assets, end of year

  $ 4,046     $ 3,454     $ 4,284  
   

 

 

   

 

 

   

 

 

 

Funded Status, end of year

  $ (3,198   $ (2,541   $ (1,303
   

 

 

   

 

 

   

 

 

 

Amount Recognized in Other Liabilities

  $ (3,198   $ (2,541   $ (1,303
   

 

 

   

 

 

   

 

 

 
Amounts recognized in accumulated other comprehensive loss, net of tax

Amounts Recognized in Accumulated Other Comprehensive Loss, net of tax

                       

Net loss

  $ 2,629     $ 2,173     $ 1,271  

Prior service cost

    —         2       6  

Deferred income tax benefit

    —         —         (434
   

 

 

   

 

 

   

 

 

 

Amount recognized

  $ 2,629     $ 2,175     $ 843  
   

 

 

   

 

 

   

 

 

 
Weighted average assumptions used to determine benefit obligation

Weighted Average Assumptions Used to Determine Benefit Obligation

                       

Discount rate used for disclosure

    4.00     4.50     5.50

Expected return on plan assets

    8.00     8.00     8.00

Rate of compensation increase

    3.00     4.00     4.00
Components of net periodic benefit cost
                         
    (in thousands)  
    2012     2011     2010  

Components of Net Periodic Benefit Cost

                       

Service cost

  $ 427     $ 359     $ 307  

Interest cost

    269       307       284  

Expected return on plan assets

    (275     (342     (313

Amortization of prior service cost

    2       4       3  

Amortization of net obligation at transition

    —         —         (4

Recognized net loss due to settlement

    —         212       —    

Recognized net actuarial loss

    86       38       21  
   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

  $ 509     $ 578     $ 298  
   

 

 

   

 

 

   

 

 

 
Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss

Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (Income) Loss

                       

Net loss

  $ 456     $ 902     $ 378  

Amortization of prior service cost

    (2     (4     (3

Amortization of net obligation at transition

    —         —         4  
   

 

 

   

 

 

   

 

 

 

Total recognized in accumulated other comprehensive income (loss)

  $ 454     $ 898     $ 379  
   

 

 

   

 

 

   

 

 

 

Total Recognized in Net Periodic Benefit Cost and Accumulated Other Comprehensive Income (Loss)

  $ 963     $ 1,476     $ 677  
   

 

 

   

 

 

   

 

 

 
Weighted average assumptions used to determine net periodic benefit cost

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost

                       

Discount rate

    4.50     5.50     6.00

Expected return on plan assets

    8.00     8.00     8.00

Rate of compensation increase

    3.00     4.00     4.00
Schedule of pension plan's weighted-average asset allocations
                 
    2012     2011  

Asset Category

               

Mutual funds - fixed income

    25     41

Mutual funds - equity

    75     59
   

 

 

   

 

 

 

Total

    100     100
   

 

 

   

 

 

 
Schedule of fair value hierarchy, the Company's pension plan assets
                                 
    Fair Value Measurements at December 31, 2012  
    (in thousands)  
    Total     Level 1     Level 2     Level 3  

Fixed income funds

  $ 1,023     $ 1,023       —         —    

Equity funds

    3,023       3,023       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 4,046     $ 4,046     $ —       $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
   
    Fair Value Measurements at December 31, 2011  
    (in thousands)  
    Total     Level 1     Level 2     Level 3  

Fixed income funds

  $ 1,409     $ 1,409       —         —    

Equity funds

    2,045       2,045       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 3,454     $ 3,454     $ —       $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
Estimated future benefit payments, which reflect expected future service
         
    (in thousands)  

2013

  $ 519  

2014

    133  

2015

    350  

2016

    233  

2017

    232  

Years 2018-2022

    1,384