Pensions And Other Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Pensions And Other Employee Benefit Plans [Abstract]

Reconciliation Of Changes In Plans' Benefit Obligations And Fair Value Of Assets



	Pension Benefits				Other Benefits
	Year Ended				Year Ended
	December 31,				December 31,
	2012		2011		2012		2011

Reconciliation of benefit obligation
Obligation at beginning of period	$	549,013	$	476,031	$	66,049	$	62,840
Service cost		12,113		12,265		447		522
Interest cost		21,675		25,504		2,597		3,198
Participant contributions		1,252		1,469		1,646		2,014
Plan amendment		(1,497)		—		—		—
Actuarial loss (gain)		7,690		57,824		(967)		1,755
Benefit payments		(21,200)		(24,080)		(2,662)		(4,280)
Transfer due to Sale		(506,558)		—		(66,059)		—
Obligation at December 31,		62,488		549,013		1,051		66,049
Reconciliation of fair value of plan assets
Fair value of plan assets at beginning of period		299,292		289,036		27		269
Actual return on plan assets		28,821		(2,453)		1		(2)
Employer contributions		34,746		34,110		988		2,026
Participant contributions		1,252		1,469		1,646		2,014
Benefit payments		(19,985)		(22,870)		(2,662)		(4,280)
Transfer due to Sale		(323,919)		—		—		—
Fair value of plan assets at December 31,		20,207		299,292		-		27
Funded status at end of period	$	(42,281)	$	(249,721)	$	(1,051)	$	(66,022)

Pre-Tax Amounts Recognized In Accumulated Other Comprehensive Loss



	Pension Benefits				Other Benefits
	December 31,				December 31,
	2012		2011		2012		2011
Actuarial (loss) gain	$	(23,698)	$	(187,275)	$	(244)	$	9,578
Amendments-prior service credit		—		19,954		74		2,416
	$	(23,698)	$	(167,321)	$	(170)	$	11,994

Amounts Recognized In Other Comprehensive Loss



	2012				2011
	Pension Benefits		Other Benefits		Pension Benefits		Other Benefits
Actuarial loss during the period	$	498	$	967	$	(83,828)	$	(1,768)
Prior service credit during the period		1,497		—		—		—
Amortization of actuarial loss (gain)		9,773		(279)		5,379		(1,056)
Amortization of prior service credit		(2,266)		(611)		(2,719)		(728)
Recognition due to curtailment		(1,497)		—		—		—
Amount reclassified to statement of operations upon disposition of SS/L		135,618		(12,241)		—		—
Total recognized in other comprehensive loss	$	143,623	$	(12,164)	$	(81,168)	$	(3,552)

Amounts Recognized In The Balance Sheets



	Pension Benefits				Other Benefits
	December 31,				December 31,
	2012		2011		2012		2011
Current Liabilities	$	18,075	$	971	$	83	$	3,499
Long-Term Liabilities		24,206		248,750		968		62,523
	$	42,281	$	249,721	$	1,051	$	66,022

Components of Net Periodic Cost


	Pension Benefits						Other Benefits
		Year Ended December 31,						Year Ended December 31,
	2012		2011		2010		2012		2011		2010
Service cost	$	12,113	$	12,265	$	10,677	$	447	$	522	$	672
Interest cost		21,675		25,504		24,673		2,597		3,198		3,411
Expected return on plan assets		(20,632)		(23,552)		(20,641)		(1)		(12)		(31)
Recognition due to curtailment		(1,497)		—		—		—		—		—
Amortization of prior service credit		(2,266)		(2,719)		(2,719)		(611)		(728)		(728)
Amortization of net actuarial loss (gain)		9,773		5,379		3,536		(279)		(1,056)		(1,118)
Net periodic cost		19,166		16,877		15,526		2,153		1,924		2,206
Net periodic cost included in income from discontinued operations		18,003		14,703		13,555		2,114		1,890		2,230
Net periodic cost included in income from continuing operations	$	1,163	$	2,174	$	1,971	$	39	$	34	$	(24)

Assumptions Used To Determine Net Periodic Cost

	For the Year Ended December 31,
	2012	2011	2010
Discount rate...................................................................................................	4.75%	5.50%	6.00%
Expected return on plan assets..............................................................	8.00%	8.00%	8.00%
Rate of compensation increase..............................................................	4.25%	4.25%	4.25%

Assumptions Used To Determine Benefit Obligation

	December 31,
	2012	2011	2010
Discount rate..............................................................................................................................	4.00%	4.75%	5.50%
Rate of compensation increase........................................................................................	4.25%	4.25%	4.25%

Effect Of Changes In Assumptions On Benefit Obligations For Other Benefits


	1% Increase	1% Decrease
Effect on total of service and interest cost components of net periodic postretirement health care benefit cost	$ 6	$ (4)
Effect on the health care component of the accumulated postretirement benefit obligation	$ 117	$ (90)

Pension Plans' Actual And Targeted Asset Allocations

	December 31,
	Actual Allocation		Target Allocation
	2012	2011	Target	Target Range
Equities......................................................	59%	58%	60%	50-70%
Fixed Income..........................................	41%	42%	40%	30-50%
	100%	100%	100%	100%

Target Asset Allocations And Ranges Of Post Retirement Benefit Plan

	Target Allocation
	Target	Target Range
U.S. Large Cap Equities.................................................................................................................	25%	15-40%
U.S. Small Cap Equities.................................................................................................................	5%	0-10%
Global Equities....................................................................................................................................	10%	5-20%
Non-U.S. Equities..............................................................................................................................	10%	5-20%
Alternative Equity Investments..................................................................................................	10%	0-20%
Total Equities........................................................................................................................................	60%	50-70%

Fixed Income.......................................................................................................................................	30%	20-40%
Alternative Fixed Income Investments...................................................................................	10%	0-20%
Total Fixed Income............................................................................................................................	40%	30-50%

Total Target Allocation......................................................................................................................	100%	100%

Fair Values Of Pension Plan Assets

Asset Category	Total
	Fair Value Measurements
Asset Category	Total	Percentage	Quoted Prices In Active Markets For Identical Assets Level 1	Significant Observable Inputs Level 2	Significant Unobservable Inputs Level 3
	(In thousands)


At December 31, 2012:
Equity securities:
U.S. large-cap⁽¹⁾....................................	$ 4,580	23%		$ 4,580
U.S. small-cap⁽²⁾...................................	1,257	6%		1,257
Global ⁽³⁾.....................................................	1,475	7%		1,475
Non-U.S.⁽⁴⁾...............................................	2,427	12%		2,427
Alternative investments:
Equity long/short fund⁽⁵⁾....................	682	3%			$ 682
Real Estate Securities⁽⁶⁾....................	411	2%		411
Receivable from sale of real estate⁽⁶⁾	748	4%	$ 748
Private equity fund⁽⁷⁾..........................	283	2%			283
	11,863	59%	748	10,150	965

Fixed income securities:
Commingled funds⁽⁸⁾...........................	6,821	34%		6,821
Alternative investments:
Distressed opportunity limited partnership⁽⁹⁾	299	1%			299
Multi-strategy limited partnerships⁽¹⁰⁾	1,191	6%			1,191
Other limited partnerships⁽¹¹⁾...........	33	0%			33
	8,344	41%	−	6,821	1,523


	$ 20,207	100%	$ 748	$ 16,971	$ 2,488



At December 31, 2011:
Equity securities:
U.S. large-cap⁽¹⁾....................................	$ 60,813	20%		$ 60,813
U.S. small-cap⁽²⁾...................................	18,010	6%	$ 3,901	14,109
Global ⁽³⁾.....................................................	20,273	7%		20,273
Non-U.S.⁽⁴⁾...............................................	33,781	11%	1,037	32,744
Alternative investments:
Equity long/short fund⁽⁵⁾....................	16,509	6%		5,952	$ 10,557
Real Estate Securities fund⁽⁶⁾.........	17,689	6%		5,854	11,835
Private equity fund⁽⁷⁾..........................	6,870	2%		0	6,870
	173,945	58%	4,938	139,745	29,262

Fixed income securities:
Commingled funds⁽⁸⁾...........................	100,178	33%		100,178
Alternative investments:
Distressed opportunity limited partnership⁽⁹⁾	5,217	2%			5,217
Multi-strategy limited partnerships⁽¹⁰⁾	19,916	7%	0	0	19,916
Other limited partnerships⁽¹¹⁾...........	36	0	0	0	36
	125,347	42%	0	100,178	25,169


	$ 299,292	100%	$ 4,938	$ 239,923	$ 54,431

⁽¹⁾ Investments in common stocks that rank among the largest 1,000 companies in the U.S. stock market.

⁽²⁾ Investments in common stocks that rank among the small capitalization stocks in the U.S. stock market.

⁽³⁾ Investments in common stocks across the world without being limited by national borders or to specific regions.

⁽⁴⁾ Investments in common stocks of companies from developed and emerging countries outside the United States.

⁽⁵⁾ Investments primarily in long and short positions in equity securities of U.S. and non-U.S. companies. At December 31, 2012, we are invested in one fund that has semi-annual tender offer redemption periods on June 30 and December 31 and is reported on a one month lag. During 2012, we sold out of the second fund that we were invested in at December 31, 2011 that had no limitations on redemptions and was reported on a current basis.

⁽⁶⁾ Investments in real estate through both the private and public sector. The pension plan is invested in two funds of funds. One fund invests in global public real estate securities (REITs) while the second fund invests in private real estate investments. We informed the private real estate fund that we no longer wish to be invested in the fund after December 31, 2012. At December 31, 2012, the pension plan had a receivable from the private real estate fund of $0.7 million. Settlement of the receivable will occur in 2013 with the proceeds reinvested per our allocation guidelines. The private real estate fund was valued on a quarterly lag.

⁽⁷⁾ Fund invests in portfolios of secondary interest in established venture capital, buyout, mezzanine and special situation funds on a global basis. The pension plan committed to invest up to $10 million in this fund. The remaining outstanding commitment at December 31, 2012 is $1.15 million. Loral’s portion of the remaining commitment is $0.067 million. The amount invested in the fund, net of distributions, is $5.25 million and $6.45 million at December 31, 2012 and 2011, respectively. Loral’s portion of the amount invested as of December 31, 2012 is $0.3 million. Fund is valued on a quarterly lag with adjustment for subsequent cash activity.

⁽⁸⁾ Investments in bonds representing many sectors of the broad bond market with both short-term and intermediate-term maturities.

⁽⁹⁾ Investments mainly in discounted debt securities, bank loans, trade claims and other debt and equity securities of financially troubled companies. This partnership has a one year lock-up period with semi-annual withdrawal rights on June 30 and December 31 thereafter. As of December 31, 2012, no amount was subject to a lock-up period. This fund is reported on a one month lag.

⁽¹⁰⁾

Investments mainly in partnerships that have multi-strategy investment programs and do not rely on a single investment model. In 2011, the pension plan invested in two limited partnerships that have multi-strategy investment programs. One partnership has quarterly liquidation rights with notice of 65 days while the second partnership has monthly liquidation rights with notice of 33 days. Both funds are reported on a one month lag.

⁽¹¹⁾	The pension plan invested in other partnerships that have reached their end of life and have closed and are unwinding their holdings. Mainly partnerships that provided mezzanine financing.

Changes In Fair Value Of Pension Plan Assets

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Private Equity Fund	Equity Long/Short Fund	Distressed Opportunity Ltd. Partnership	Diversified Alternatives Fund	Other Limited Partnership	Multi Strategy Funds	Real Estate Fund	Total
	(In thousands)
Balance at January 1, 2011	$ 6,934	$ 5,882	$ 3,598	$ 353	$ 37	$−	$−	$ 16,804
Unrealized gain/(loss)	786	(325)	(381)	2,521	(1)	(84)	335	2,851
Realized gain/(loss)	−	−	−	(2,527)	−	−	−	(2,527)
Purchases...................	200	5,000	2,000	−	−	20,000	11,500	38,700
Sales.............................	(1,050)	0	0	(347)	0	0	0	(1,397)
Balance at December 31, 2011	$ 6,870	$ 10,557	$ 5,217	$ 0	$ 36	$ 19,916	$ 11,835	$ 54,431
Unrealized gain/(loss)	(441)	(1,027)	(241)	−	2	335	−	(1,372)
Realized gain/(loss)	413	2,221	211	−	−	142	838	3,825
Purchases...................	400	−	−	−	23	−	−	423
Sales.............................	(1,600)	−	−	−	(28)	−	(748)	(2,376)
Asset transfer due to Sale	(5,359)	(11,069)	(4,888)	−	−	(19,202)	(11,925)	(52,443)
Balance at December 31, 2012	$ 283	$ 682	$ 299	$−	$ 33	$ 1,191	$−	$ 2,488

Benefit Payments Expected To Be Paid

		Other Benefits
	Pension Benefits	Gross Benefit Payments	Medicare Subsidy Receipts
2013.........................................................................................................................................	19,698	89	5
2014.........................................................................................................................................	1,539	96	5
2015.........................................................................................................................................	1,530	90	7
2016.........................................................................................................................................	1,540	78	8
2017.........................................................................................................................................	1,536	69	9
2018 to 2022........................................................................................................................	10,002	327	54