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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The following table provides a reconciliation of benefit obligations, plan assets and the funded status of the pension plans and other postretirement benefits:

 
Pension Benefits
 
Other
Postretirement Benefits
 
2013
 
2012
 
2013
 
2012
Change in benefit obligation:
 

 
 

 
 

 
 

Benefit obligation at January 1
$
(153,716
)
 
$
(151,008
)
 
$
(10,158
)
 
$
(9,635
)
Service cost
(1,170
)
 
(1,275
)
 
(16
)
 
(14
)
Interest cost
(5,518
)
 
(6,513
)
 
(418
)
 
(465
)
Plan settlement
1,819

 

 

 

Benefits paid
10,510

 
12,813

 
560

 
512

Expenses paid
350

 
308

 

 

Actuarial (gain) loss
(3,186
)
 
(8,041
)
 
1,133

 
(556
)
Benefit obligation at December 31
$
(150,911
)
 
$
(153,716
)
 
$
(8,899
)
 
$
(10,158
)
Change in plan assets:
 

 
 

 
 

 
 

Fair value of plan assets at January 1
$
128,060

 
$
122,012

 
$

 
$

Actual return on plan assets
19,482

 
15,656

 

 

Plan settlement
(1,819
)
 

 

 

Expenses paid
(350
)
 
(308
)
 

 

Contributions
2,173

 
3,513

 
560

 
512

Benefits paid
(10,510
)
 
(12,813
)
 
(560
)
 
(512
)
Fair value of plan assets at December 31
$
137,036

 
$
128,060

 
$

 
$

Funded status at December 31
$
(13,875
)
 
$
(25,656
)
 
$
(8,899
)
 
$
(10,158
)
Amounts recognized in the consolidated balance sheets:
 

 
 

 
 

 
 

Prepaid pension costs
$
26,080

 
$
12,870

 
$

 
$

Other accrued liabilities
(342
)
 
(2,161
)
 
(597
)
 
(663
)
Non-current employee benefit liabilities
(39,613
)
 
(36,365
)
 
(8,304
)
 
(9,495
)
Net amounts recognized
$
(13,875
)
 
$
(25,656
)
 
$
(8,901
)
 
$
(10,158
)
Schedule of Net Benefit Costs
 
Pension Benefits
 
Other Postretirement
Benefits
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Service cost — benefits earned during the period
$
1,170

 
$
1,275

 
$
1,422

 
$
16

 
$
14

 
$
13

Interest cost on projected benefit obligation
5,518

 
6,513

 
7,481

 
418

 
465

 
500

Expected return on assets
(7,915
)
 
(8,145
)
 
(8,834
)
 

 

 

Settlement loss
244

 

 

 

 

 

Amortization of net loss (gain)
1,918

 
3,602

 
2,807

 
(64
)
 
(121
)
 
(88
)
Net expense
$
935

 
$
3,245

 
$
2,876

 
$
370

 
$
358

 
$
425

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
The following table summarizes amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost for the year ending 2014.

 
Defined
Benefit
Pension Plans
 
Post-
Retirement
Plans
 
Total
Actuarial loss (gain)
$
1,075

 
$
(60
)
 
$
1,015

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
As of December 31, 2013, current year accumulated other comprehensive income, before income taxes, consists of the following:

 
Defined
Benefit
Pension Plans
 
Post-
Retirement
Plans
 
Total
Prior year accumulated other comprehensive income
$
(37,646
)
 
$
(182
)
 
$
(37,828
)
Amortization of prior service costs

 

 

Amortization of gain (loss)
2,163

 
(64
)
 
2,099

Net loss arising during the year
8,381

 
1,132

 
9,513

Current year accumulated other comprehensive loss
$
(27,102
)
 
$
886

 
$
(26,216
)
As of December 31, 2012, current year accumulated other comprehensive income, before income taxes, consisted of the following:
   
 
Defined
Benefit
Pension Plans
 
Post-
Retirement
Plans
 
Total
Prior year accumulated other comprehensive income
$
(40,717
)
 
$
495

 
$
(40,222
)
Amortization of prior service costs
2,018

 

 
2,018

Amortization of gain (loss)
1,584

 
(121
)
 
1,463

Net loss arising during the year
(531
)
 
(556
)
 
(1,087
)
Current year accumulated other comprehensive (loss) income
$
(37,646
)
 
$
(182
)
 
$
(37,828
)
Schedule of Assumptions Used
 
Pension Benefits
 
Other Postretirement Benefits
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Weighted average assumptions:
 
 
 
 
 
 
 

 
 

 
 

Discount rates — benefit obligation
3.00% - 4.75%
 
2.25% - 4.00%
 
3.75% - 4.75%
 
5.00
%
 
4.25
%
 
5.00
%
Discount rates — service cost
2.25% - 4.00%
 
3.75% - 4.75%
 
5.25%
 
4.25
%
 
5.00
%
 
5.25
%
Assumed rates of return on invested assets
6.50%
 
7.00%
 
7.00%
 

 

 

Salary increase assumptions
N/A
 
N/A
 
N/A
 
3.00
%
 
3.00
%
 
3.00
%
Schedule of Allocation of Plan Assets
Vector’s defined benefit retirement plan allocations at December 31, 2013 and 2012, by asset category, were as follows:

 
Plan Assets at
December 31,
 
2013
 
2012
Asset category:
 

 
 

Equity securities
50
%
 
47
%
Investment grade fixed income securities
28
%
 
30
%
High yield fixed income securities
10
%
 
10
%
Alternative investments
6
%
 
8
%
Short-term investments
6
%
 
5
%
Total
100
%
 
100
%

The defined benefit plans’ recurring financial assets and liabilities subject to fair value measurements and the necessary disclosures are as follows:

 
 
Fair Value Measurements as of December 31, 2013
 
 
 
 
Quoted Prices in
Active Markets for
Identical Assets
 
Significant Other
Observable Inputs
 
Significant
Unobservable Inputs
Description
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 

 
 

 
 

 
 

Insurance contracts
 
$
2,396

 
$

 
$
2,396

 
$

Amounts in individually managed investment accounts:
 
 

 
 
 
 
 


Cash
 
7,424

 
7,424

 

 

U.S. equity securities
 
46,520

 
46,520

 

 

Common collective trusts
 
57,912

 

 
57,912

 

Investment partnership
 
22,748

 

 
13,717

 
9,031

Total
 
$
137,000

 
$
53,944

 
$
74,025

 
$
9,031


 
 
Fair Value Measurements as of December 31, 2012
 
 
 
 
Quoted Prices in
Active Markets for
Identical Assets
 
Significant Other
Observable Inputs
 
Significant
Unobservable Inputs
Description
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 

 
 

 
 

 
 

Insurance contracts
 
$
2,079

 
$

 
$
2,079

 
$

Amounts in individually managed investment accounts:
 
 

 
 

 
 

 
 

Cash, mutual funds and common stock
 
6,309

 
6,309

 

 

U.S. equity securities
 
43,246

 
43,246

 

 

Common collective trusts
 
65,867

 

 
52,714

 
13,153

Investment partnership
 
10,559

 

 

 
10,559

Total
 
$
128,060

 
$
49,555

 
$
54,793

 
$
23,712

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The changes in the fair value of these Level 3 investments as of December 31, 2013 and 2012 were as follows:

 
2013
 
2012
Balance as of January 1
$
23,712

 
$
22,582

Transfers
(13,153
)
 

Distributions
(2,669
)
 
(2,905
)
Contributions

 
864

Unrealized loss on long-term investments
(1,779
)
 
2,442

Realized gain on long-term investments
2,920

 
729

Balance as of December 31
$
9,031

 
$
23,712

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
A 1% change in assumed health care cost trend rates would have the following effects:

 
1% Increase
 
1% Decrease
Effect on total of service and interest cost components
$
6

 
$
(6
)
Effect on benefit obligation
119

 
(110
)
Schedule of Expected Benefit Payments
Estimated future pension and postretirement medical benefits payments are as follows:

 
Pension
 
Postretirement
Medical
2014
$
10,749

 
$
596

2015
10,422

 
603

2016
10,080

 
607

2017
9,793

 
611

2018
39,101

 
615

2019 - 2023
54,013

 
3,114