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Retirement Plan (Tables)
 12 Months Ended
Dec. 31, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Changes in Benefit Obligation and Plan Assets
The following table sets forth the changes in the benefit obligation and plan assets of our retirement plan for the years ended December 31, 2013 and 2012:

 
Years Ended December 31,
 
2013
 
2012
 
(In thousands)
Change in plan's benefit obligation
 
 
 
Pension plan's benefit obligation - beginning of year
$
95,485

 
$
93,378

Service cost
—

 
679

Interest cost
1,797

 
3,962

Benefits paid
(3,957
)
 
(1,379
)
Actuarial loss
2,981

 
13,203

Settlements paid
(96,306
)
 
(7,256
)
Curtailment
—

 
(7,102
)
Pension plan's benefit obligation - end of year
$
—

 
$
95,485

 
 
 
 
Change in pension plan assets
 
 
 
Fair value of plan assets - beginning of year
$
77,757

 
$
61,398

Actual return on plan assets
(219
)
 
2,615

Benefits paid
(3,957
)
 
(1,379
)
Employer contributions
22,725

 
22,379

Settlements paid
(96,306
)
 
(7,256
)
Fair value of plan assets - end of year
$
—

 
$
77,757

 
 
 
 
Funded status
 
 
 
Under-funded balance
$
—

 
$
(17,728
)
 
 
 
 
Amounts recognized in consolidated balance sheets
 
 
 
Accrued pension liability
$
—

 
$
(17,728
)
 
 
 
 
Amounts recognized in accumulated other comprehensive income (loss)
 
 
 
Cumulative actuarial loss
$
—

 
$
(37,589
)
The following table sets forth the changes in the benefit obligation and plan assets of our post-retirement healthcare plans for the years ended December 31, 2013 and 2012:

 
 
Years Ended December 31,
 
 
2013
 
2012
 
 
(In thousands)
Change in plans' benefit obligation
 
 
 


Post-retirement plans' benefit obligation - beginning of year
 
$
26,797

 
$
77,303

Service cost
 
1,112

 
1,892

Interest cost
 
665

 
3,519

Participant contributions
 
564

 
760

Amendments
 
(820
)
 
(49,399
)
Settlements
 
(8,627
)
 
—

Benefits paid
 
(1,585
)
 
(1,275
)
Actuarial gain
 
(2,391
)
 
(6,003
)
Post-retirement plans' benefit obligation - end of year
 
$
15,715

 
$
26,797

 
 
 
 
 
Change in plan assets
 
 
 
 
Fair value of plan assets - beginning of year
 
$
—

 
$
—

Employer contributions
 
9,648

 
515

Participant contributions
 
564

 
760

Settlements
 
(8,627
)
 
—

Benefits paid
 
(1,585
)
 
(1,275
)
Fair value of plan assets - end of year
 
$
—

 
$
—

 
 
 
 
 
Funded status
 
 
 
 
Under-funded balance
 
$
(15,715
)
 
$
(26,797
)
 
 
 
 
 
Amounts recognized in consolidated balance sheets
 
 
 
 
Accrued post-retirement liability
 
$
(15,715
)
 
$
(26,797
)
 
 
 
 
 
Amounts recognized in accumulated other comprehensive income (loss)
 
 
 
 
Cumulative actuarial loss
 
$
(1,022
)
 
$
(5,359
)
Prior service credit
 
47,098

 
52,174

Total
 
$
46,076

 
$
46,815
Weighted Average Assumptions Used
The weighted average assumptions used to determine net periodic benefit expense:
 
December 31,
 
2013
 
2012
 
2011
 
 
 
 
 
 
Discount rate
3.95
%
 
4.60
%
 
5.65
%
Rate of future compensation increases
—
%
 
4.00
%
 
4.00
%
Expected long-term rate of return on assets
0.25
%
 
6.50
%
 
8.00
%
Net Periodic Pension Expense
Net periodic pension expense consisted of the following components:
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(In thousands)
Service cost – benefit earned during the year
 
$
—

 
$
679

 
$
5,070

Interest cost on projected benefit obligations
 
1,797

 
3,962

 
5,125

Expected return on plan assets
 
(92
)
 
(3,798
)
 
(5,230
)
Amortization of prior service cost
 
—

 
67

 
390

Amortization of net loss
 
1,386

 
1,933

 
2,126

Curtailment
 
—

 
899

 
1,065

Loss on settlement
 
36,203

 
2,855

 
3,951

Loss on plan termination
 
3,293

 
—

 
—

Net periodic pension expense
 
$
42,587

 
$
6,597

 
$
12,497

Net periodic post-retirement expense consisted of the following components:
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(In thousands)
Service cost – benefit earned during the year
 
$
1,112

 
$
1,892

 
$
1,569

Interest cost on projected benefit obligations
 
665

 
3,519

 
2,193

Amortization of transition obligation
 
—

 
—

 
44

Amortization of prior service credit
 
(5,896
)
 
(2,221
)
 
—

Amortization of net loss
 
130

 
269

 
114

Loss on settlement
 
1,726

 
—

 
—

Net periodic post-retirement expense (credit)
 
$
(2,263
)
 
$
3,459

 
$
3,920
Weighted Average Assumptions Used to Health Care Cost Trend Rates
The weighted average assumptions used to determine net periodic benefit expense follow:
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
 
 
 
 
 
Discount rate
3.45
%
 
4.60
%
 
5.75
%
Current health care trend rate
8.10
%
 
8.40
%
 
8.70
%
Ultimate health care trend rate
5.00
%
 
5.00
%
 
5.00
%
Year rate reaches ultimate trend rate
2023

 
2023

 
2023

The weighted average assumptions used to determine end of period benefit obligations:
 
December 31,
 
2013
 
2012
 
 
 
 
Discount rate
4.25
%
 
3.45
%
Current health care trend rate
8.00
%
 
8.10
%
Ultimate health care trend rate
5.00
%
 
5.00
%
Year rate reaches ultimate trend rate
2045

 
2023
Effect of One Percent Change in Health Care Cost Trend Rates
The effect of a 1% change in health care cost trend rates is as follows:
 
1% Point Increase
 
1% Point Decrease
 
(In thousands)
Service cost
$
241

 
$
(197
)
Interest cost
$
60

 
$
(50
)
Year-end accumulated post-retirement benefit obligation
$
1,373

 
$
(1,109
)