XML 64 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension and Postretirement Plans (Tables)
 6 Months Ended
Jun. 30, 2014
Pension Plan [Member]
  
Schedule of Net Benefit Costs
Defined Benefit Plans. The total (benefit) cost arising from the Company’s defined benefit pension plans, including a portion included in discontinued operations, consists of the following components:
  
Three Months Ended June 30
 
Six Months Ended June 30
(in thousands)
2014
 
2013
 
2014
 
2013
Service cost
$
6,976

 
$
12,710

 
$
14,513

 
$
26,075

Interest cost
12,894

 
14,243

 
25,976

 
28,534

Expected return on assets
(30,504
)
 
(25,467
)
 
(60,767
)
 
(51,789
)
Amortization of prior service cost
82

 
909

 
164

 
1,818

Recognized actuarial (gain) loss
(7,281
)
 
1,797

 
(14,319
)
 
3,944

Net Periodic (Benefit) Cost
(17,833
)
 
4,192

 
(34,433
)
 
8,582

Early retirement programs expense
—

 
8,442

 
4,490

 
22,700

Total (Benefit) Cost
$
(17,833
)
 
$
12,634

 
$
(29,943
)
 
$
31,282
Schedule of Allocation of Plan Assets
The assets of the Company’s pension plan were allocated as follows:
  
As of
  
June 30,
2014
 
December 31,
2013
  
 
U.S. equities
59
%
 
58
%
U.S. fixed income
11
%
 
12
%
International equities
30
%
 
30
%
  
100
%
 
100
%
Supplemental Executive Retirement Plan (SERP) [Member]
  
Schedule of Net Benefit Costs
The total cost arising from the Company’s Supplemental Executive Retirement Plan (SERP), including a portion included in discontinued operations, consists of the following components:
  
Three Months Ended June 30
 
Six Months Ended June 30
(in thousands)
2014
 
2013
 
2014
 
2013
Service cost
$
373

 
$
430

 
$
746

 
$
859

Interest cost
1,086

 
1,023

 
2,171

 
2,046

Amortization of prior service cost
11

 
13

 
23

 
27

Recognized actuarial loss
375

 
711

 
750

 
1,422

Net Periodic Cost
$
1,845

 
$
2,177

 
$
3,690

 
$
4,354
Other Postretirement Benefit Plan, Defined Benefit [Member]
  
Schedule of Net Benefit Costs
Other Postretirement Plans. The total cost (benefit) arising from the Company’s other postretirement plans, including a portion included in discontinued operations, consists of the following components:
  
Three Months Ended June 30
 
Six Months Ended June 30
(in thousands)
2014
 
2013
 
2014
 
2013
Service cost
$
375

 
$
728

 
$
750

 
$
1,455

Interest cost
362

 
507

 
724

 
1,017

Amortization of prior service credit
(195
)
 
(1,306
)
 
(391
)
 
(2,666
)
Recognized actuarial gain
(519
)
 
(504
)
 
(1,038
)
 
(1,045
)
Net Periodic Cost (Benefit)
23

 
(575
)
 
45

 
(1,239
)
Settlement gain
—

 
—

 
—

 
(3,471
)
Total Cost (Benefit)
$
23

 
$
(575
)
 
$
45

 
$
(4,710
)