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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Funded Status of the Company's Benefit Plans
A summary of the funded status of the Company’s benefit plans at December 31, 2012 and 2011 is as follows:
 
Pension Plans
 
Postretirement Plans
 
December 31, 2012
December 31, 2011
 
December 31, 2012
December 31, 2011
Change in benefit obligation
 
 
 
 
 
Benefit obligation, beginning of year
$
249,234

$
257,245

 
$

$
1,040

Interest cost
10,693

12,707

 

26

Actuarial loss (gain)
27,928

11,269

 

(727
)
Benefits paid
(13,500
)
(7,769
)
 

(339
)
Plan settlements
(18,478
)
(24,218
)
 


Benefit obligation, end of year
$
255,877

$
249,234

 
$

$

 
 
 
 
 
 
Change in plan assets
 
 
 
 
 
Fair value of plan assets, beginning of year
$
174,358

$
187,327

 
$

$

Return on plan assets
20,342

1,689

 


Employer contributions
15,251

17,329

 

339

Benefits paid
(13,500
)
(7,769
)
 

(339
)
Plan settlements
(18,478
)
(24,218
)
 


Fair value of plan assets, end of year
$
177,973

$
174,358

 
$

$

Funded status at end of year
$
(77,904
)
$
(74,876
)
 
$

$

Schedule of Amounts Recognized in Balance Sheet
Net amounts recognized in the Company’s consolidated balance sheet at December 31, 2012 and 2011 were as follows:
 
Pension Plans
 
Postretirement Plans
 
December 31, 2012
December 31, 2011
 
December 31, 2012
December 31, 2011
Current liabilities
$
(496
)
$
(541
)
 
$

$

Non-current liabilities
(77,408
)
(74,335
)
 


Net amount recognized
$
(77,904
)
$
(74,876
)
 
$

$

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Amounts recognized in accumulated other comprehensive loss for the Company at December 31, 2012 and 2011 consist of the following:
 
Pension Plans
 
Postretirement Plans
 
December 31, 2012
December 31, 2011
 
December 31, 2012
December 31, 2011
 
 
 
 
 
 
Net actuarial loss
$
16,402

$
21,330

 
$

$
1,111

Schedule of Assumptions Used
The following assumptions were used in determining the benefit obligations for the Company's pension plans and postretirement plans for the years ended December 31, 2012 and 2011.
 
Years Ended December 31,
 
2012
2011
Weighted average discount rates:
 
 
Dex One Retirement Plan
3.64%
4.51%
Dex One Postretirement Plan
—%
—%
Dex Media Pension Plan
3.65%
4.38%
Dex Media Postretirement Plan
—%
4.95%
The following assumptions were used in determining the Company’s net periodic benefit expense (income) for the Dex One Retirement Plan and Dex Media Pension Plan:
 
Dex One Retirement Plan
Dex Media Pension Plan
 
Years Ended December 31,
Eleven Months Ended December 31, 2010
May 1, 2012 through December 31, 2012
January 1, 2012 through April 30, 2012
June 1, 2011 through December 31, 2011
January 1, 2011 through May 31, 2011
Eleven Months Ended December 31, 2010
 
2012
2011
Weighted average discount rate
4.51%
5.30%
5.70%
4.22%
4.38%
4.95%
5.06%
5.70%
Expected return on plan assets
7.50%
8.00%
8.00%
7.50%
7.50%
8.00%
8.00%
8.00%

The following assumptions were used in determining the Predecessor Company’s net periodic benefit income for the Dex One Retirement Plan and Dex Media Pension Plan:
 
Dex One Retirement Plan
Dex Media Pension Plan
 
One Month Ended January 31, 2010
Weighted average discount rate
5.70%
5.70%
Expected return on plan assets
8.00%
8.00%

The following assumptions were used in determining the Company’s net periodic benefit income for the Dex One postretirement plan and Dex Media postretirement plan:
 
Dex One Postretirement Plan
Dex Media Postretirement Plan
 
Years Ended December 31,
Eleven Months Ended December 31, 2010
Years Ended December 31,
Eleven Months Ended December 31, 2010
 
2012
2011
2012
2011
Weighted average discount rate
—%
—%
5.70%
—%
5.06%
5.70%

The following assumptions were used in determining the Predecessor Company’s net periodic benefit income for the Dex One postretirement plan and Dex Media postretirement plan:
 
Dex One Postretirement Plan
Dex Media Postretirement Plan
 
One Month Ended January 31, 2010
Weighted average discount rate
5.70%
5.70%
Schedule of Allocation of Plan Assets

The fair value of the assets held in the Master Trust at December 31, 2012 and 2011, by asset category, is as follows:
 
Fair Value Measurements at December 31, 2012
 
 
Quoted Prices in Active Markets for Identical Assets
Using Significant Other Observable Inputs
 
Total
(Level 1)
             (Level 2)
Cash and cash equivalents
$
1,450

$
1,450

$

U.S. Government securities (a)
23,309


23,309

Common/collective trusts (b)
62,031


62,031

Corporate debt (c)
17,806


17,806

Corporate stock (d)
17,234

17,234


Registered investment companies (e)
21,298

21,298


Fixed income and equity futures (g)
1,005

1,005


Credit default swaps (h)
12


12

Collective Fund - Group Trust (i)
33,828


33,828

Total
$
177,973

$
40,987

$
136,986


 
Fair Value Measurements at December 31, 2011
 
 
Quoted Prices in Active Markets for Identical Assets
Using Significant Other Observable Inputs
 
Total
(Level 1)
             (Level 2)
Cash and cash equivalents
$
15

$
15

$

U.S. Government securities (a)
18,686


18,686

Common/collective trusts (b)
66,188


66,188

Corporate debt (c)
21,146


21,146

Corporate stock (d)
18,476

18,476


Registered investment companies (e)
19,631

19,631


Real estate investment trust (f)
127

127


Fixed income and equity futures (g)
1,066

1,066


Credit default swaps (h)
95


95

Collective Fund - Group Trust (i)
28,928


28,928

Total
$
174,358

$
39,315

$
135,043


(a)
This category includes investments in U.S. Government bonds, government mortgage-backed securities, index-linked government bonds, guaranteed commercial paper, short-term treasury bills and notes. Fair value for these assets is determined using a bid evaluation process of observable, market based inputs effective as of the last business day of the plan year.
(b)
This category includes investments in two common/collective funds of which 78% is invested in stocks comprising the Russell 1000 equity index and the remaining 22% is comprised of short-term investments at December 31, 2012 and 82% is invested in stocks comprising the Russell 1000 equity index and the remaining 18% is comprised of short-term investments at December 31, 2011. Fair value for these assets is calculated based upon a compilation of observable market information.
(c)
This category includes investments in corporate bonds, commercial mortgage-backed and asset-backed securities and collateralized mortgage obligations. Fair value for these assets is determined using a bid evaluation process of observable, market based inputs effective as of the last business day of the plan year.
(d)
This category includes investments in small cap stocks across diverse industries. Fair value for these assets is determined using quoted market prices on a recognized securities exchange at the last reported trading price on the last business day of the plan year.
(e)
This category is comprised of one mutual fund that invests in intermediate term fixed income instruments such as treasuries and high grade corporate bonds. Fair value for these assets is determined using quoted market prices on a recognized securities exchange at the last reported trading price on the last business day of the plan year.
(f)
This category is comprised of a healthcare real estate investment trust. Fair value for these assets is determined based on traded market prices.
(g)
This category includes investments in 5, 10 and 20 year U.S. Treasury bond futures and equity index futures. Fair value for these assets is determined based on settlement prices recognized in an active market or exchange.
(h)
This category includes investments in credit default swaps. Fair value for these assets is determined based on a mid evaluation process using observable, market based inputs.
(i)
This category includes investments in passively managed funds composed of international stocks across diverse industries. Fair value for these assets is calculated based upon a compilation of observable market information.
Schedule of Defined Benefit Plan Assets Actual and Target Allocations
The Company's pension plan weighted-average asset allocation in the Master Trust at December 31, 2012 and 2011 by asset category on a weighted average basis, is as follows:
 
December 31, 2012
December 31, 2011
 
Plan Assets

Asset Allocation
Target
Plan Assets

Asset Allocation
Target
Equity securities
63%
65%
65%
65%
Debt securities
37%
35%
35%
35%
Total
100%
100%
100%
100%
Schedule of Expected Benefit Payments
The Company’s pension plans' benefits expected to be paid in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter are as follows:
 
Pension Plans
2013
$
16,847

2014
17,020

2015
16,444

2016
17,100

2017
16,023

Years 2018-2022
78,371

Pension Plans
 
Defined Benefit Plan Disclosure [Line Items]  
Components of Net Periodic Benefit Expense (Income)
The net periodic benefit expense (income) of the Company’s pension plans for the years ended December 31, 2012 and 2011 and eleven months ended December 31, 2010 and the Predecessor Company’s pension plans for the one month ended January 31, 2010 was as follows:
 
Successor Company
Predecessor Company
 
Years Ended December 31,
Eleven Months Ended December 31, 2010
One Month Ended January 31, 2010
 
2012
2011
Interest cost
$
10,693

$
12,707

$
12,432

$
1,124

Expected return on plan assets
(13,419
)
(14,500
)
(12,201
)
(1,385
)
Settlement loss
3,746

2,748

17


Amortization of unrecognized prior service cost



81

Curtailment gain


(3,754
)

Amortization of unrecognized net loss
856

2


122

Net periodic benefit expense (income)
$
1,876

$
957

$
(3,506
)
$
(58
)
Postretirement Plans
 
Defined Benefit Plan Disclosure [Line Items]  
Components of Net Periodic Benefit Expense (Income)
The net periodic benefit income of the Company’s postretirement plans for the years ended December 31, 2012 and 2011 and eleven months ended December 31, 2010 and the Predecessor Company’s postretirement plans for the one month ended January 31, 2010 was as follows:
 
Successor Company
Predecessor Company
 
Years Ended December 31,
Eleven Months Ended December 31, 2010
One Month Ended January 31, 2010
 
2012
2011
Interest cost
$

$
26

$
107

$
10

Amortization of unrecognized net gain

(1,111
)
(291
)
(21
)
Net periodic benefit income
$

$
(1,085
)
$
(184
)
$
(11
)