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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2012
EMPLOYEE BENEFIT PLANS  
Schedule of changes in benefit obligations, plan assets, funded status of the plan and assumptions used to determine benefit information

 

 

 
  Pension Benefits  
 
  2012   2011  
 
  (in thousands)
 

Change in benefit obligations:

             

Benefit obligations at beginning of year

  $ 66,645   $ 63,306  

Service cost

        18  

Interest cost

    3,189     3,338  

Actuarial loss

    7,218     4,034  

Benefits paid

    (4,228 )   (4,051 )
           

Benefit obligations at end of year

    72,824     66,645  
           

Change in plan assets:

             

Fair value of plan assets at beginning of year

    39,053     41,255  

Actual return on plan assets

    5,336     (443 )

Employer contributions

    2,357     2,292  

Benefits paid

    (4,228 )   (4,051 )
           

Fair value of plan assets at end of year

    42,518     39,053  
           

Funded status

  $ (30,306 ) $ (27,592 )
           

Accumulated Benefit Obligations

  $ 72,824   $ 66,645  
           

Weighted average assumption used to determine benefit obligations at December 31:

             

Discount rate

    3.87% - 4.16 %   4.79% - 4.98 %

Expected long-term return on plan assets

    7.50 %   7.50 %

Rate of compensation increase

    n/a     n/a  
Schedule of amounts recognized for pension benefits in consolidated balance sheets

 

 

 
  2012   2011  
 
  (in thousands)
 

Current Liability

  $ 306   $ 300  

Noncurrent Liability

    30,000     27,292  
           

Net amounts recognized

  $ 30,306   $ 27,592  
           
Schedule of amounts recognized for pension benefits in accumulated other comprehensive loss

 

 

 
  2012   2011  
 
  (in thousands)
 

Net loss

  $ 27,579   $ 23,569  
           

Net amounts recognized

  $ 27,579   $ 23,569  
           
Components of net periodic benefit cost and other amounts recognized in other comprehensive loss

 

 

 
  Pension Benefits  
 
  2012   2011  
 
  (in thousands)
 

Pension and other benefits:

             

Service cost

  $   $ 18  

Interest cost

    3,189     3,338  

Expected return on plan assets

    (2,864 )   (3,027 )

Recognized net actuarial (gain) loss

    739     809  

Amortization of obligation

        5  

Amortization of prior service cost

        2  

Recognition of (gain) loss due to curtailment

        12  
           

Net expense

  $ 1,064   $ 1,157  
           

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss:

             

Net loss

  $ 4,749   $ 7,503  

Recognized gain (loss)

    (739 )   (809 )

Recognized prior service cost

        (8 )

Recognized net initial obligation

        (11 )
           

Total recognized in other comprehensive loss

  $ 4,010   $ 6,675  
           
Schedule of weighed average assumptions used to determine net periodic cost


 
  2012   2011

Weighed average assumptions used to determine net periodic cost:

       

Pension benefits:

       

Discount rate

  4.79% - 4.98%   5.25% - 5.47%

Expected long-term return on plan assets

  7.50%   7.50%

Rate of compensation increase

  n/a   n/a
Schedule of fair value of pension plan assets

 

 

 
  2012 Fair Value Measurements (in thousands)  
 
  Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
  Significant Other
Observable
Inputs (Level 2)
  Total  

AHGT Pooled equity funds

  $   $ 23,706   $ 23,706  

AHGT Pooled fixed income funds

        17,671     17,671  

Cash management funds

        1,141     1,141  
               

 

  $   $ 42,518   $ 42,518  
               

 

 
  2011 Fair Value Measurements (in thousands)  
 
  Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
  Significant Other
Observable
Inputs (Level 2)
  Total  

Pooled equity funds

  $ 14,851   $   $ 14,851  

Common stock

    11,470         11,470  

U.S. government securities

    2,630     3,126     5,756  

Pooled fixed income funds

    4,814         4,814  

Cash management funds

    1,870         1,870  

Other investments

    245     47     292  
               

 

  $ 35,880   $ 3,173   $ 39,053  
               
Schedule of estimated future benefit payments

Estimated future benefit payments are as follows (in thousands):

2013

  $ 4,317  

2014

    4,269  

2015

    4,251  

2016

    4,330  

2017

    4,368  

2018 - 2022

    22,216