Postretirement Benefit Obligations

6 Months Ended

Jun. 30, 2011

Postretirement Benefit Obligations

Postretirement Benefit Obligations

NOTE I. Postretirement Benefit Obligations

As of June 30, 2011 and December 31, 2010, the Company had $7.0 million and $7.4 million, respectively, of unfunded accumulated postretirement benefit obligations, the current and noncurrent portions of which are included in other current liabilities and other liabilities in the accompanying consolidated balance sheets. These obligations are comprised of five plans of which four relate to predecessor entities that the Company acquired in prior years. These plans had no assets as of June 30, 2011 or December 31, 2010. The participants of the predecessor plans are not current employees of the Company.

The following table reconciles changes in the Company's unfunded accumulated postretirement benefit obligations during the three and six months ended June 30, 2011 and 2010:

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	(in thousands)
Beginning accumulated postretirement benefit obligations	$	7,231		$	8,951		$	7,408		$	9,075
Net benefit payments		(375	)		(272	)		(691	)		(584	)
Service costs		61			81			122			161
Net actuarial losses		—			100			—			100
Accretion of interest		79			108			157			216
Ending accumulated postretirement benefit obligations	$	6,996		$	8,968		$	6,996		$	8,968