Postretirement Benefit Obligations

3 Months Ended

Mar. 31, 2012

Postretirement Benefit Obligations [Abstract]

Postretirement Benefit Obligations

NOTE I. Postretirement Benefit Obligations

As of March 31, 2012 and December 31, 2011, the Company had $7.1 million and $7.5 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 are predecessor plans of entities acquired by the Company. These plans had no assets as of March 31, 2012 or December 31, 2011. 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 months ended March 31, 2012 and 2011:

	Three Months Ended March  31,
	2012			2011
	(in thousands)
Beginning accumulated postretirement benefit obligations	$	7,456		$	7,408
Net benefit payments		(520	)		(316	)
Service costs		85			61
Accretion of interest		64			78
Ending accumulated postretirement benefit obligations	$	7,085		$	7,231