Employee Benefit Plans

9 Months Ended

Sep. 30, 2012

Employee Benefit Plans [Abstract]

Employee Benefit Plans

(11) Employee Benefit Plans

Components of the net periodic pension and postretirement benefit cost for the three months ended September 30, 2012 and 2011 are as follows:

	September 30,
	2012			2011
Service cost	$	192		$	176
Interest cost		1,750			1,904
Expected return on assets		(2,464	)		(2,514	)
Amortization of prior service cost		81			81
Amortization of actuarial loss		149			57
Net periodic pension and postretirement benefit	$	(292	)	$	(296	)

Components of the net periodic pension and postretirement benefit cost for the nine months ended September 30, 2012 and 2011 are as follows:

	September 30,
	2012			2011
Service cost	$	576		$	528
Interest cost		5,250			5,712
Expected return on assets		(7,392	)		(7,542	)
Amortization of prior service cost		243			243
Amortization of actuarial loss		447			171
Net periodic pension and postretirement benefit	$	(876	)	$	(888	)

As of September 30, 2012, the Company had not made any cash contributions to its pension plans for this fiscal year and does not anticipate making any significant cash contributions to its pension plans in 2012.

Effective July 1, 2012, the Company’s 401(k) plan was amended to include the employees of Tube Supply, LLC, which was acquired in December of 2011. Employees were eligible to participate in the Company’s 401(k) plan immediately. Tube Supply, LLC’s existing plan assets were rolled over into the Company’s 401(k) plan during 2012 as a result of this amendment.