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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Sep. 30, 2012
EMPLOYEE BENEFIT PLANS  
Schedule of reconciliation of the changes in the pension benefit obligations, fair value of Pension Plan assets and statement of the funded status

 

 

 
  2012   2011  
 
  (in thousands)
 

Accumulated Benefit Obligation

  $ 112,062   $ 104,911  

Changes in projected benefit obligations

             

Projected benefit obligation at beginning of year

  $ 104,911   $ 102,097  

Interest cost

    4,498     4,519  

Actuarial gain

    5,990     2,411  

Benefits paid

    (3,337 )   (4,116 )
           

Projected benefit obligation at end of year

  $ 112,062   $ 104,911  
           

Change in plan assets

             

Fair value of plan assets at beginning of year

  $ 67,284   $ 61,388  

Actual return on plan assets

    14,495     (1,323 )

Employer contribution

    8,276     11,335  

Benefits paid

    (3,337 )   (4,116 )
           

Fair value of plan assets at end of year

  $ 86,718   $ 67,284  
           

Funded status of the plan at end of year

  $ (25,344 ) $ (37,627 )
           

        The amounts recognized in the Consolidated Balance Sheets are as follows (in thousands):

Accrued liabilities

  $ (95 ) $ (68 )

Noncurrent liabilities-other

    (25,249 )   (37,559 )
           

Net amount recognized

  $ (25,344 ) $ (37,627 )
           

        The amounts recognized in Accumulated Other Comprehensive Income at September 30, 2012 and 2011, and not yet reflected in net periodic benefit cost, are as follows (in thousands):

Net actuarial loss

  $ (37,172 ) $ (43,781 )

Prior service cost

    (1 )   (2 )
           

Total

  $ (37,173 ) $ (43,783 )
           
Schedule of weighted average assumptions used for the pension calculations

 

 

 
  Years Ended September 30,  
 
  2012   2011   2010  

Discount rate for net periodic benefit costs

    4.33 %   4.48 %   5.42 %

Discount rate for year-end obligations

    4.06 %   4.33 %   4.48 %

Expected return on plan assets

    7.16 %   8.00 %   8.00 %

        

Schedule of components of net periodic pension expense (benefit)

 

 

 
  Years Ended September 30,  
 
  2012   2011   2010  
 
  (in thousands)
 

Interest cost

  $ 4,498   $ 4,519   $ 4,825  

Expected return on plan assets

    (5,463 )   (5,050 )   (4,552 )

Amortization of prior service cost

    2          

Recognized net actuarial loss

    3,567     2,976     2,295  

Settlement/curtailment

        28      
               

Net pension expense (benefit)

  $ 2,604   $ 2,473   $ 2,568  
               

        

Schedule of expected benefits to be paid from pension plan

 

 

 
  Years Ended September 30,  
 
  2013   2014   2015   2016   2017   2018 - 2022   Total  

  $ 6,477   $ 5,555   $ 5,997   $ 6,593   $ 6,350   $ 36,900   $ 67,872  

        

Schedule of target allocation and the asset allocation for the Pension Plan

 

 

 
  Target
Allocation
  Percentage
of Plan
Assets At
September 30,
 
Asset Category
  2013   2012   2011  

U.S. equities

    56 %   55 %   56 %

International equities

    14     12     13  

Fixed income

    25     25     30  

Real estate and other

    5     8     1  
               

Total

    100 %   100 %   100 %
               
Schedule of fair value of plan assets, summarized by level within fair value hierarchy

 

 

 
  Fair Value as of September 30, 2012  
 
  Total   Level 1   Level 2   Level 3  
 
  (in thousands)
 

Short-term investments

  $ 7,233   $ 7,233   $   $  

Mutual funds:

                         

Domestic stock funds

    36,209     36,209          

Bond funds

    21,458     21,458          

International stock funds

    10,069     10,069          
                   

Total mutual funds

    67,736     67,736          

Domestic common stock

   
10,543
   
10,543
   
   
 

Foreign equity stock

    907     907          

Oil and gas properties

    299             299  
                   

Total

  $ 86,718   $ 86,419   $   $ 299  
                   


 

 
  Fair Value as of September 30, 2011  
 
  Total   Level 1   Level 2   Level 3  
 
  (in thousands)
 

Short-term investments

  $ 691   $ 691   $   $  

Mutual funds:

                         

Domestic stock funds

    28,288     28,288          

Bond funds

    20,127     20,127          

International stock funds

    8,848     8,848          
                   

Total mutual funds

    57,263     57,263          

Domestic common stock

   
8,252
   
8,252
   
   
 

Foreign equity stock

    803     803          

Oil and gas properties

    275             275  
                   

Total

  $ 67,284   $ 67,009   $   $ 275  
                   

        

Summary of changes in fair value of plan's Level 3 assets

 

 

 
  Oil and Gas
Properties
 
 
  Years Ended
September 30,
 
 
  2012   2011  
 
  (in thousands)
 

Balance, beginning of year

  $ 275   $ 275  

Unrealized gains relating to property still held at the reporting date

    24      
           

Balance, end of year

  $ 299   $ 275