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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2011
Compensation and Retirement Disclosure [Abstract]  
Amounts included in Accumulated other comprehensive income, before tax
 December 31,2011 2010
 (Dollars in thousands)       
 Net prior service costs $26,173  $29,988 
 Net actuarial loss  (39,117)  (31,426)
   $(12,944) $(1,438)
Amounts included in comprehensive income
 Year Ended December 31, 2011Before-Tax Deferred Income Tax Benefit (Expense) Net-of-Tax
 (Dollars in thousands)           
 Net actuarial gains (losses) $(9,625) $4,787  $(4,838)
 Amortization of prior service costs  (3,815)  1,897   (1,918)
 Amortization of actuarial losses  1,934   (962)  972 
 Total gains (losses) recognized            
  in Comprehensive income$(11,506) $5,722  $(5,784)
              
              
 Year Ended December 31, 2010Before-Tax Deferred Income Tax Benefit (Expense) Net-of-Tax
 (Dollars in thousands)           
 Net actuarial gains (losses)$1,180  $260  $1,440 
 Amortization of prior service costs  (3,815)  (840)  (4,655)
 Amortization of actuarial losses  2,158   475   2,633 
 Total gains (losses) recognized            
  in Comprehensive income$(477) $(105) $(582)
Funded status of post-retirement benefit plans
 December 31,2011 2010
 (Dollars in thousands)       
 Change in benefit obligation       
  Benefit obligation at beginning of year $44,270  $42,698 
  Service cost  1,116   1,175 
  Interest cost  2,368   2,325 
  Actuarial (gain) loss  5,158   748 
  Prescription drug subsidy  263   238 
  Benefits paid  (3,062)  (2,914)
  Benefit obligation at end of year  50,113   44,270 
 Change in plan assets       
  Fair value of plan assets at beginning of year  45,023   42,407 
  Actual return (loss) on plan assets  (971)  5,323 
  Employer contribution  277   207 
  Benefits paid  (3,062)  (2,914)
  Fair value of plan assets at end of year  41,267   45,023 
 Funded status $(8,846) $753 
Fair value of plan assets
December 31, 2011           
(Dollars in thousands)Level 1 Level 2 Level 3 Total
Mutual funds           
 Bond$10,098 $ $ $10,098
 International equity 7,304      7,304
 Money market 2,031      2,031
 US large cap 18,100      18,100
 US small cap 3,723      3,723
Other     11  11
Total plan assets at fair value$41,256 $ $11 $41,267
             
             
December 31, 2010           
(Dollars in thousands) Level 1  Level 2  Level 3  Total
Mutual funds           
 Bond$11,552 $ $ $11,552
 International equity 8,701      8,701
 Money market 2,090      2,090
 US large cap 18,619      18,619
 US small cap 4,030      4,030
Other     31  31
Total plan assets at fair value$44,992 $ $31 $45,023
Plan asset investment allocation
       Allocation of Plan Assets
       At December 31,
 Investment Target Asset        
 Category Allocation 2011 2010
 U.S. equities   50%  52.9%  50.3%
 International equities   20%  17.7%  19.4%
 Debt securities   30%  29.4%  30.3%
Net periodic benefit cost
 Year Ended December 31,2011 2010 2009
 (Dollars in thousands)           
 Service cost $1,116  $1,175  $2,140 
 Interest cost on accumulated post-retirement benefit obligation  2,368   2,325   3,616 
 Expected return on plan assets  (3,496)  (3,395)  (2,800)
 Amortization of prior service costs (1) (3,815)  (3,815)  (801)
 Amortization of actuarial losses (2) 1,934   2,158   1,806 
 Net post-retirement cost $(1,893) $(1,552) $3,961 

  • Based on straight-line amortization over the average time remaining before active employees become fully eligible for plan benefits.

     

  • Based on straight-line amortization over the average time remaining before active employees retire.

 

Assumptions used to calculate net periodic benefit cost
 December 31,2011 2010
 Benefit obligations       
 Discount rate  4.70%  5.50%
         
 Net periodic benefit cost       
 Discount rate  5.50%  5.60%
 Expected return on plan assets  8.00%  8.25%
Change in health care cost trend rate
  One Percent
  Increase Decrease
 (Dollars in thousands)      
 Effect on total service and interest cost components $25 $(24)
 Effect on post-retirement benefit obligation $488 $(466)
Estimated future post-retirement benefit payments
   Estimated Future
   Post-Retirement
 Year Benefit Payments
 (Dollars in thousands)   
 2012 $2,455
 2013  2,445
 2014  2,441
 2015  2,374
 2016  2,398
 2017-2021  16,096