Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

Employee Benefit Plans [Abstract]

Benefit obligations and funded status for the Company's Pension and SERP Plans

A summary of the benefit obligations and funded status for the Company’s Pension and SERP Plans at December 31, 2011 and 2010 follows (in thousands):

	Pension Plan						SERP
	2011			2010			2011			2010
Change in benefit obligation:
Benefit obligation, beginning of year	$	39,682		$	42,245		$	73,840		$	61,079
Service cost		1,315			1,169			5,197			4,661
Interest cost		2,159			2,051			3,434			3,728
Curtailment		—			(7,407	)		—			—
Plan amendment		—			—			—			(24	)
Actuarial loss		8,480			2,082			5,225			4,396
Benefits paid		(524	)		(458	)		(1,546	)		—
Benefit obligation, end of year		51,112			39,682			86,150			73,840
Change in plan assets:
Fair value of assets, beginning of year		34,354			28,583			—			—
Actual return on plan assets		(536	)		3,895			—			—
Employer contributions		1,758			2,334			—			—
Benefits paid		(524	)		(458	)		—			—
Fair value of assets, end of year		35,052			34,354			—			—
Unfunded status	$	(16,060	)	$	(5,328	)	$	(86,150	)	$	(73,840	)

Summary of consolidated balance sheets

A summary of the amounts recognized in the accompanying consolidated balance sheets at December 31, 2011 and 2010 follows (in thousands):

	Pension Plan						SERP
	2011			2010			2011			2010
Noncurrent asset	$	—		$	—		$	—		$	—
Current liability		—			—			(1,191	)		(1,546	)
Noncurrent liability		(16,060	)		(5,328	)		(84,959	)		(72,294	)
Net amount recognized in the consolidated balance sheets	$	(16,060	)	$	(5,328	)	$	(86,150	)	$	(73,840	)

Summary of AOCL

A summary of the amounts recognized in AOCL at December 31, 2011 and 2010 follows (in thousands):

	Pension Plan						SERP
	2011			2010			2011		2010
Prior service (credit) cost	$	(1,076	)	$	(1,217	)	$	7,084	$	8,781
Net actuarial loss		13,260			1,474			23,779		20,087
Total amount recognized in AOCL	$	12,184		$	257		$	30,863	$	28,868

Plans' benefit obligation in excess of the fair value of plan assets

A summary of the plans’ benefit obligation in excess of the fair value of plan assets at December 31, 2011 and 2010 follows (in thousands):

	Pension Plan				SERP
	2011		2010		2011		2010
Projected benefit obligation	$	51,112	$	39,682	$	86,150	$	73,840
Accumulated benefit obligation		50,745		39,380		66,172		47,304
Fair value of plan assets		35,052		34,354		—		—

Weighted-average assumptions to determine benefit obligations

A summary of the weighted-average assumptions used by the Company to determine benefit obligations as of December 31 follows:

	Pension Plan						SERP
	2011			2010			2011			2010
Discount rate		4.33	%		5.50	%		4.00	%		4.75	%
Annual salary increases		4.50	%		4.50	%		4.00	%		4.00	%

Net periodic cost and other amounts recognized in OCI

A summary of net periodic cost and other amounts recognized in OCI for the years ended December 31, 2011, 2010 and 2009 follows (in thousands):

	Pension Plan									SERP
	2011			2010			2009			2011			2010			2009
Service cost	$	1,315		$	1,169		$	3,886		$	5,197		$	4,661		$	4,437
Interest cost		2,159			2,051			2,200			3,434			3,728			2,469
Expected return on plan assets		(2,771	)		(2,497	)		(1,683	)		—			—			—
Amortization of unrecognized prior service (credit) cost		(141	)		(38	)		689			1,696			1,697			1,704
Amortization of net loss		—			—			426			1,533			1,459			1
Curtailment credit		—			(1,910	)		—			—			—			—
Net periodic cost		562			(1,225	)		5,518			11,860			11,545			8,611
Prior service (credit) cost arising during period		—			(2,770	)		—			—			(24	)		—
Net (gain) loss arising during period		11,787			(2,044	)		(4,595	)		5,225			4,396			13,028
Amortization of:
Prior service cost (credit)		141			38			(689	)		(1,696	)		(1,697	)		(1,704	)
Net actuarial gain		—			—			(426	)		(1,533	)		(1,459	)		(1	)
Total amount recognized in OCI		11,928			(4,776	)		(5,710	)		1,996			1,216			11,323
Total recognized in net periodic cost and OCI	$	12,490		$	(6,001	)	$	(192	)	$	13,856		$	12,761		$	19,934

Expected amortization amounts, included in net periodic cost

A summary of the expected amortization amounts to be included in net periodic cost for 2012 are as follows (in thousands):

	Pension Plan			SERP
Prior service (credit) cost	$	(141	)	$	1,696
Actuarial loss		978			2,028

Weighted-average assumptions to determine net periodic cost

A summary of the weighted-average assumptions used by the Company to determine net periodic cost for the years ended December 31, 2011, 2010 and 2009 follows:

	Pension Plan									SERP
	2011			2010			2009			2011			2010			2009
Discount rate		5.50	%		5.99	%		5.96	%		4.75	%		6.00	%		6.00	%
Rate of compensation increase		4.50	%		4.50	%		4.00	%		4.00	%		5.00	%		5.00	%
Expected long term rate of return on assets		8.00	%		8.50	%		8.50	%		N/A			N/A			N/A

Weighted-average asset allocations by asset category

The Company’s weighted-average asset allocations by asset category at December 31, 2011 and 2010 follows:

	Pension Plan						SERP
	2011			2010			2011	2010
Equity securities		100	%		100	%	N/A	N/A
Debt securities		0	%		0	%	N/A	N/A
Total		100	%		100	%	N/A	N/A

Estimated future benefit payments reflecting future service

The estimated future benefit payments reflecting future service as of December 31, 2011 for the Pension Plan and SERP plan follows (in thousands):

Year Ending	Pension Plan		SERP
2012	$	1,236	$	1,191
2013		1,511		1,392
2014		1,701		10,782
2015		1,820		3,365
2016		2,237		44,737
2017-2021		15,115		40,072