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Pension and Other Benefits (Tables)
12 Months Ended
Dec. 31, 2012
Pension and Other Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
                 

 

 

 

 

 

 

 

2012

 

2011

 

 

(Dollars in Thousands)

Change in Benefit Obligation:

 

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

12,345

 

 

$

11,032

 

Interest cost

 

 

555

 

 

 

589

 

Actuarial loss

 

 

1,389

 

 

 

1,335

 

Benefits paid

 

 

(756

)   

 

 

(611

)   

Projected benefit obligation at end of year

 

$

13,533

 

 

$

12,345

 

Change in Plan Assets:

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning year

 

$

6,762

 

 

$

6,993

 

Actual return on plan assets

 

 

681

 

 

 

(111

)   

Employer contributions

 

 

347

 

 

 

491

 

Benefits paid

 

 

(756

)   

 

 

(611

)   

Fair value of plan assets at end of year

 

$

7,034

 

 

$

6,762

 

Funded status

 

$

(6,499

)   

 

$

(5,583

)   

Schedule of Net Benefit Costs [Table Text Block]
                         

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

 

(Dollars in Thousands)

Interest cost

 

$

555

 

 

$

589

 

 

$

601

 

Expected return on plan assets

 

 

(377

)   

 

 

(381

)   

 

 

(413

)   

 

 

294

 

 

 

179

 

 

 

130

 

Net periodic pension expense

 

$

472

 

 

$

387

 

 

$

318

 

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
Schedule of Allocation of Plan Assets [Table Text Block]
                         

 

 

 

 

 

 

 

Asset Category

 

2012

 

2011

 

2010

Equity securities

 

 

60

 

 

47

 

 

44

%  

Debt and/or fixed income securities

 

 

39

 

 

41

 

 

37

%  

Alternative investments, including commodities, foreign currency and real estate

 

 

1

%   

 

 

4

%   

 

 

%   

Cash and other alternative investments, including hedge funds, equity structured notes

 

 

%   

 

 

8

%   

 

 

19

%   

Total

 

 

100

%  

 

 

100

%  

 

 

100

%

Schedule Of Benefit Obligations Allowable Range Of Commitments [Table Text Block]
                 

 

 

 

 

 

 

 

Range

 

Target

Equity securities

 

 

42 – 48

%  

 

 

45

%   

Debt and/or fixed income securities

 

 

37 – 43

%  

 

 

40

%   

International equity

 

 

12 – 18

%  

 

 

15

%   

Short term

 

 

N/A

 

 

 

N/A

 

Other

 

 

N/A

 

 

 

N/A

 

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
                                 

 

 

 

 

 

 

 

 

 

   

December 31,
2012

 

Fair Value Measurements at Reporting Date Using

 

 

 

 

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

 

(Dollars in Thousands)

Cash

 

$

42

 

 

$

42

 

 

$

 

 

$

 

Equity securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. companies

 

 

3,154

 

 

 

3,154

 

 

 

 

 

 

 

International companies

 

 

1,051

 

 

 

1,051

 

 

 

 

 

 

 

Debt and/or fixed income securities

 

 

2,787

 

 

 

2,787

 

 

 

 

 

 

 

Total

 

$

7,034

 

 

$

7,034

 

 

$

  —

 

 

$

  —

 

 

 

                                 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

Fair Value Measurements at Reporting Date Using

 

 

 

 

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

 

(Dollars in Thousands)

Cash

 

$

512

 

 

$

512

 

 

$

 

 

$

 

Equity securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. companies

 

 

1,788

 

 

 

1,788

 

 

 

 

 

 

 

International companies

 

 

1,405

 

 

 

1,405

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

2,798

 

 

 

2,798

 

 

 

 

 

 

 

Commodities

 

 

259

 

 

 

259

 

 

 

 

 

 

 

Total

 

$

 6,762

 

 

$

 6,762

 

 

$

  —

 

 

$

  —