Employee Benefits Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The components of net periodic benefit cost are presented below (in thousands):

	Years Ended December 31,
	2013					2012					2011
	Retirement Income Plan			Non-Qualified Retirement Plans		Retirement Income Plan			Non-Qualified Retirement Plans		Retirement Income Plan			Non-Qualified Retirement Plans
Service cost	$	9,137		$	190	$	8,530		$	299	$	6,590		$	260
Interest cost	12,742			872		12,594			963		12,871			1,116
Expected return on plan assets	(17,108		)	—		(14,443		)	—		(14,095		)	—
Amortization of:
Net loss	10,437			661		10,729			627		6,190			354
Prior service cost	3			94		21			94		21			94
Net periodic benefit cost	$	15,211		$	1,817	$	17,431		$	1,983	$	11,577		$	1,824

Fair Value, Measurement Inputs, Disclosure

The fair value of the Company’s Retirement Plan assets at December 31, 2013 and 2012, and the level within the three levels of the fair value hierarchy defined by FASB guidance on fair value measurements are presented in the table below (in thousands):

Description of Securities	Fair Value as of December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and Cash Equivalents	$	940	$	940	$	—	$	—
Guaranteed Investment Contract	1,126		—		1,126		—
Common Collective Trusts (a)
Equity funds	142,960		—		142,960		—
Fixed income funds	103,948		—		103,948		—
Total Common Collective Trusts	246,908		—		246,908		—
Limited Partnership Interest in Real Estate (b)	8,857		—		—		8,857
Total Plan Investments	$	257,831	$	940	$	248,034	$	8,857

Description of Securities	Fair Value as of December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and Cash Equivalents	$	9,163	$	9,163	$	—	$	—
U.S. Treasury Securities	24,854		24,854		—		—
Guaranteed Investment Contract	1,059		—		1,059		—
Common Stock	52,149		52,149		—		—
Mutual Funds - Fixed Income	59,150		59,150		—		—
Mutual Funds - Equity	65,634		65,634		—		—
Limited Partnership Interest in Real Estate (b)	8,559		—		—		8,559
Total Plan Investments	$	220,568	$	210,950	$	1,059	$	8,559

 _____________________

(a) The Common Collective Trusts are invested in equity or fixed income securities, or a combination thereof. The investment objective of each trust is to produce returns in excess of, or commensurate with, its predefined index.

(b) This investment is a commercial real estate partnership that purchases land, develops limited infrastructure, and sells it for commercial development. The Company is restricted from selling its partnership interest during the life of the partnership which is generally 5-7 years. Return on investment is realized as land is sold. The fair value of the limited partnership interest in real estate is based on the NAV of the partnership which reflects the appraised value of the land.

Changes in Fair Value of Investments in Real Estate

The table below reflects the changes in the fair value of investments in real estate during the period (in thousands):

	Fair Value of Investments in Real Estate
Balances at December 31, 2011	$	8,511
Unrealized gain in fair value	48
Balances at December 31, 2012	8,559
Unrealized gain in fair value	298
Balances at December 31, 2013	$	8,857

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (Loss) (net of tax) by component which are presented below (in thousands):
		Years Ended December 31, 2013
		Unrecognized Pension and Postretirement Benefit Costs			Net Unrealized Gains (Losses) on Marketable Securities			Net Losses on Cash Flow Hedges			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2012		$	(75,737	)	$	22,194		$	(12,541	)	$	(66,084	)
	Other comprehensive income before reclassifications	51,371			14,482			—			65,853
	Amounts reclassified from accumulated other comprehensive income (loss)	3,036			(436		)	243			2,843
Balance at December 31, 2013		$	(21,330	)	$	36,240		$	(12,298	)	$	2,612

Retirement Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Funded Status

The obligations and funded status of the plans are presented below (in thousands):

	December 31,
	2013						2012
	Retirement Income Plan			Non-Qualified Retirement Plans			Retirement Income Plan			Non-Qualified Retirement Plans
Change in projected benefit obligation:
Benefit obligation at end of prior year	$	320,846		$	27,241		$	296,293		$	26,547
Service cost	9,137			190			8,530			299
Interest cost	12,742			872			12,594			963
Actuarial (gain) loss	(15,373		)	(533		)	12,417			1,338
Benefits paid	(9,537		)	(1,872		)	(8,988		)	(1,906		)
Benefit obligation at end of year	317,815			25,898			320,846			27,241
Change in plan assets:
Fair value of plan assets at end of prior year	220,568			—			191,369			—
Actual return on plan assets	31,800			—			20,187			—
Employer contribution	15,000			1,872			18,000			1,906
Benefits paid	(9,537		)	(1,872		)	(8,988		)	(1,906		)
Fair value of plan assets at end of year	257,831			—			220,568			—
Funded status at end of year	$	(59,984	)	$	(25,898	)	$	(100,278	)	$	(27,241	)

Schedule of Amounts Recognized in Balance Sheet

Amounts recognized in the Company's balance sheets consist of the following (in thousands):

	December 31,
	2013						2012
	Retirement Income Plan			Non-Qualified Retirement Plans			Retirement Income Plan			Non-Qualified Retirement Plans
Current liabilities	$	—		$	(1,870	)	$	—		$	(1,829	)
Noncurrent liabilities	(59,984		)	(24,028		)	(100,278		)	(25,412		)
Total	$	(59,984	)	$	(25,898	)	$	(100,278	)	$	(27,241	)

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

The accumulated benefit obligation in excess of plan assets is as follows (in thousands):    

	December 31,
	2013						2012
	Retirement Income Plan			Non-Qualified Retirement Plans			Retirement Income Plan			Non-Qualified Retirement Plans
Projected benefit obligation	$	(317,815	)	$	(25,898	)	$	(320,846	)	$	(27,241	)
Accumulated benefit obligation	(275,555		)	(25,077		)	(274,890		)	(26,363		)
Fair value of plan assets	257,831			—			220,568			—

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

Amounts recognized in accumulated other comprehensive income consist of the following (in thousands):    

	Years Ended December 31,
	2013				2012
	Retirement Income Plan		Non-Qualified Retirement Plans		Retirement Income Plan		Non-Qualified Retirement Plans
Net loss	$	85,261	$	8,508	$	125,763	$	9,701
Prior service cost	—		219		3		314
Total	$	85,261	$	8,727	$	125,766	$	10,015

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

The changes in benefit obligations recognized in other comprehensive income are presented below (in thousands):

	Years Ended December 31,
	2013						2012						2011
	Retirement Income Plan			Non-Qualified Retirement Plans			Retirement Income Plan			Non-Qualified Retirement Plans			Retirement Income Plan			Non-Qualified Retirement Plans
Net (gain) loss	$	(30,065	)	$	(533	)	$	6,672		$	1,337		$	40,181		$	2,980
Amortization of:
Net loss	(10,437		)	(661		)	(10,729		)	(627		)	(6,190		)	(354		)
Prior service cost	(3		)	(94		)	(21		)	(94		)	(21		)	(94		)
Total recognized in other comprehensive income	$	(40,505	)	$	(1,288	)	$	(4,078	)	$	616		$	33,970		$	2,532

Schedule of Recognized Net Periodic Benefit Obligation and Other Comprehensive Income

The total amount recognized in net periodic benefit costs and other comprehensive income are presented below (in thousands):

	Years Ended December 31,
	2013					2012				2011
	Retirement Income Plan			Non-Qualified Retirement Plans		Retirement Income Plan		Non-Qualified Retirement Plans		Retirement Income Plan		Non-Qualified Retirement Plans
Total recognized in net periodic benefit cost and other comprehensive income	$	(25,294	)	$	529	$	13,353	$	2,599	$	45,547	$	4,356

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

The following are amounts in accumulated other comprehensive income that are expected to be recognized as components of net periodic benefit cost during 2014 (in thousands):

	Retirement Income Plan		Non-Qualified Retirement Plans
Net loss	$	6,270	$	570
Prior service cost	—		90

Schedule of Allocation of Plan Assets

The expected long-term rate of return is based on the weighted average of the expected returns on investments based upon the target asset allocation of the pension fund. The Company’s target allocations for the plan’s assets are presented below:

	December 31, 2013
Equity securities	55	%
Fixed income	40	%
Alternative investments	5	%
Total	100	%

Schedule of Expected Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands):

	Retirement Income Plan		Non-Qualified Retirement Plans
2014	$	10,902	$	1,870
2015	12,015		1,818
2016	13,180		1,772
2017	14,440		1,829
2018	15,807		1,715
2019-2023	96,510		9,447

Retirement Plans | Net Periodic Benefit Costs

Defined Benefit Plan Disclosure [Line Items]

Schedule of Assumptions Used

The following are the weighted-average actuarial assumptions used to determine the net periodic benefit cost for the twelve months endedDecember 31:

	2013						2012						2011
			Non-Qualified						Non-Qualified						Non-Qualified
	Retirement Income Plan		Supplemental Retirement Plan		Excess Benefit Plan		Retirement Income Plan		Supplemental Retirement Plan		Excess Benefit Plan		Retirement Income Plan		Supplemental Retirement Plan		Excess Benefit Plan
Discount rate	4.0	%	3.1	%	4.0	%	4.3	%	3.6	%	4.1	%	5.4	%	4.6	%	5.3	%
Expected long-term return on plan assets	7.5	%	N/A		N/A		7.5	%	N/A		N/A		7.5	%	N/A		N/A
Rate of compensation increase	4.75	%	N/A		4.75	%	5.0	%	N/A		5.0	%	5.0	%	N/A		5.0	%

Retirement Plans | Benefit Obligations

Defined Benefit Plan Disclosure [Line Items]

Schedule of Assumptions Used

The following are the weighted-average actuarial assumptions used to determine the benefit obligations:

	December 31,
	2013						2012
			Non-Qualified						Non-Qualified
	Retirement Income Plan		Supplemental Retirement Plan		Excess Benefit Plan		Retirement Income Plan		Supplemental Retirement Plan		Excess Benefit Plan
Discount rate	4.9	%	3.9	%	4.9	%	4.0	%	3.1	%	4.0	%
Rate of compensation increase	4.75	%	N/A		4.75	%	4.75	%	N/A		4.75	%

Other Postretirement Benefit Plans, Defined Benefit

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Funded Status

The following table contains a reconciliation of the change in the benefit obligation, the fair value of plan assets, and the funded status of the plan (in thousands):

	December 31,
	2013			2012
Change in benefit obligation:
Benefit obligation at end of prior year	$	135,680		$	133,272
Service cost	3,843			4,378
Interest cost	5,156			5,651
Actuarial gain	(48,778		)	(5,009		)
Amendment (a)	(97		)	—
Benefits paid	(4,013		)	(3,929		)
Retiree contributions	1,056			1,086
Medicare Part D subsidy	—			231
Benefit obligation at end of year	92,847			135,680
Change in plan assets:
Fair value of plan assets at end of prior year	36,510			32,817
Actual return on plan assets	5,539			2,605
Employer contribution	3,100			3,700
Benefits paid	(4,013		)	(3,929		)
Retiree contributions	1,056			1,086
Medicare Part D subsidy	—			231
Fair value of plan assets at end of year	42,192			36,510
Funded status (b)	$	(50,655	)	$	(99,170	)

_____________________

(a) Amendment relates to modification of the Company's Other Postretirement Benefit Plan which limits the Company's premium contribution. The amendment became effective October 3, 2013 and resulted in a remeasurement of the plan.

(b) These amounts are recognized in the Company’s balance sheets as a non-current liability.

Schedule of Net Benefit Costs

Net periodic benefit cost is made up of the components listed below (in thousands):

	Years Ended December 31,
	2013			2012			2011
Service cost	$	3,843		$	4,378		$	2,988
Interest cost	5,156			5,651			5,379
Expected return on plan assets	(1,951		)	(1,714		)	(1,823		)
Amortization of:
Prior service benefit	(5,657		)	(5,877		)	(5,927		)
Net (gain) loss	(626		)	615			(39		)
Net periodic benefit cost	$	765		$	3,053		$	578

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

The changes in benefit obligations recognized in other comprehensive income are presented below (in thousands):

	Years Ended December 31,
	2013			2012			2011
Net (gain) loss	$	(52,366	)	$	(5,900	)	$	34,517
Prior service benefit	(97		)	—			—
Amortization of:
Prior service benefit	5,657			5,877			5,927
Net gain (loss)	626			(615		)	39
Total recognized in other comprehensive income	$	(46,180	)	$	(638	)	$	40,483

Schedule of Recognized Net Periodic Benefit Obligation and Other Comprehensive Income

The total recognized in net periodic benefit cost and other comprehensive income are presented below (in thousands):

	Years Ended December 31,
	2013			2012		2011
Total recognized in net periodic benefit cost and other comprehensive income	$	(45,415	)	$	2,415	$	41,061

Schedule of Allocation of Plan Assets

The Company’s target allocations for the plan’s assets are presented below:

	December 31, 2013
Equity securities	65	%
Fixed income	30	%
Alternative investments	5	%
Total	100	%

Fair Value, Measurement Inputs, Disclosure

The fair value of the Company’s Other Postretirement Benefits Plan assets at December 31, 2013 and 2012, and the level within the three levels of the fair value hierarchy defined by FASB guidance on fair value measurements are presented in the table below (in thousands):

Description of Securities	Fair Value as of December 31, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and Cash Equivalents	$	33	$	33	$	—	$	—
Common Collective Trusts (a)
Equity funds	28,077		—		28,077		—
Fixed income funds	12,421		—		12,421		—
Total Common Collective Trusts	40,498		—		40,498		—
Limited Partnership Interest in Real Estate (b)	1,661		—		—		1,661
Total Plan Investments	$	42,192	$	33	$	40,498	$	1,661
Description of Securities	Fair Value as of December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and Cash Equivalents	$	2,075	$	2,075	$	—	$	—
Municipal Securities – Tax Exempt	12,811		—		12,811		—
Common Stock	14,397		14,397		—		—
Mutual Funds – Equity	5,622		5,622		—		—
Limited Partnership Interest in Real Estate (b)	1,605		—		—		1,605
Total Plan Investments	$	36,510	$	22,094	$	12,811	$	1,605

 ___________________

(a) The Common Collective Trusts are invested in equity or fixed income securities, or a combination thereof. The investment objective of each trust is to produce returns in excess of, or commensurate with, its predefined index.

(b) This investment is a commercial real estate partnership that purchases land, develops limited infrastructure, and sells it for commercial development. The Company is restricted from selling its partnership interest during the life of the partnership which is generally 5-7 years. Return of investment is realized as land is sold. The fair value of the limited partnership interest in real estate is based on the NAV of the partnership which reflects the appraised value of the land.

Changes in Fair Value of Investments in Real Estate

The table below reflects the changes in the fair value of the investments in real estate during the period (in thousands):

	Fair Value of Investments  in Real Estate
Balance at December 31, 2011	$	1,596
Unrealized gain in fair value	9
Balance at December 31, 2012	1,605
Unrealized gain in fair value	56
Balance at December 31, 2013	$	1,661

Schedule of Expected Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid (in thousands):

2014	$	3,024
2015	3,414
2016	3,810
2017	4,230
2018	4,639
2019-2023	28,238

Schedule of Accumulated Other Comprehensive Income (Loss)

Amounts recognized in accumulated other comprehensive income that have not been recognized as a component of net periodic cost consist of the following (in thousands):

	December 31,
	2013			2012
Net (gain) loss	$	(38,110	)	$	13,630
Prior service credit	(19,210		)	(24,770		)
	$	(57,320	)	$	(11,140	)

Other Postretirement Benefit Plans, Defined Benefit | Net Periodic Benefit Costs

Defined Benefit Plan Disclosure [Line Items]

Schedule of Assumptions Used

The following are the weighted-average actuarial assumptions used to determine the net periodic benefit cost for the twelve months endedDecember 31:

	2013 (a)		2012		2011
Discount rate at beginning of year	4.1	%	4.3	%	5.5	%
Expected long-term return on plan assets	5.2	%	5.2	%	5.2	%
Health care cost trend rates:
Initial	7.75	%	8.0	%	8.5	%
Ultimate	4.5	%	4.5	%	5.0	%
Year ultimate reached	2026		2026		2018

Other Postretirement Benefit Plans, Defined Benefit | Accrued Postretirement Benefit

Defined Benefit Plan Disclosure [Line Items]

Schedule of Assumptions Used

The following are the weighted-average actuarial assumptions used to determine the accrued postretirement benefit obligations:

	December 31,
	2013		2012
Discount rate at end of year	4.90	%	4.10	%
Health care cost trend rates:
Initial	7.50	%	7.75	%
Ultimate	4.50	%	4.50	%
Year ultimate reached	2026		2026