Employee Benefit Plan (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Change in Projected Benefit Obligation and Plan Assets

Change in projected benefit obligation and plan assets:

	2013			2012
Projected benefit obligation, beginning of year	$	26,741		$	25,828
Service cost	225			889
Interest cost	653			712
Actuarial (gain) loss	(888		)	3,059
Benefits paid	(101		)	(29		)
Settlement loss	(3,099		)	(3,718		)
Projected benefit obligation, end of year	$	23,531		$	26,741
Fair value of assets, beginning of year	$	60,097		$	60,953
Actual return on assets	2,378			3,543
Settlements	(3,099		)	(3,718		)
Benefits and expenses paid	(728		)	(681		)
Fair value of assets, end of year	$	58,648		$	60,097
Funded status at end of year	$	35,117		$	33,356
Ratio of plan assets to projected benefit obligation	249		%	225		%

Summary of Components of Net Periodic Pension Cost (Benefit)

Change in projected benefit obligation and plan assets:

	2013			2012
Projected benefit obligation, beginning of year	$	26,741		$	25,828
Service cost	225			889
Interest cost	653			712
Actuarial (gain) loss	(888		)	3,059
Benefits paid	(101		)	(29		)
Settlement loss	(3,099		)	(3,718		)
Projected benefit obligation, end of year	$	23,531		$	26,741
Fair value of assets, beginning of year	$	60,097		$	60,953
Actual return on assets	2,378			3,543
Settlements	(3,099		)	(3,718		)
Benefits and expenses paid	(728		)	(681		)
Fair value of assets, end of year	$	58,648		$	60,097
Funded status at end of year	$	35,117		$	33,356
Ratio of plan assets to projected benefit obligation	249		%	225		%

The Company has recorded a prepaid pension asset of $35.1 million and $33.4 million at December 31, 2013 and 2012, respectively. The accumulated benefit obligation of the Pension Plan was $23.5 million and $26.7 million at December 31, 2013 and 2012 respectively.

A summary of the net periodic pension cost and other amounts recognized in other comprehensive income (loss) are as follows:

	2013			2012			2011
Service cost	$	225		$	889		$	3,059
Interest cost	653			712			1,225
Expected return on assets	(443		)	(2,315		)	(3,038		)
Amortization of prior service costs	—			440			649
Amortization of loss	326			48			—
Settlement charges	739			1,162			3,698
One-time charge in connection with an increase in benefits for certain participants	—			—			1,401
Curtailment charge	—			2,063			2,173
Net periodic pension cost	$	1,500		$	2,999		$	9,167
Other changes in plan assets and obligations recognized in Other comprehensive income:
Prior service cost	—			(2,503		)	(769		)
(Gain) loss	(3,260		)	1,275			(2,531		)
Total other comprehensive income	(3,260		)	(1,228		)	(3,300		)
Total net periodic pension cost and other comprehensive income (loss)	$	(1,760	)	$	1,771		$	5,867

Schedule of Assumptions Used

Assumptions used to develop end of period benefit obligations:

	2013		2012
Discount rate	4.37	%	3.27	%
Rate of compensation increase	N/A		N/A

Assumptions used to develop net periodic pension cost:

	December 31, 2013	December 31, 2012	December 31, 2011
Discount rate	4.37%	3.50%	4.59%
Expected long term rate on plan assets	—%	4.75%	5.00%
Rate of compensation increase	N/A	N/A	3.75%

Plan Assets at Fair Value

The following tables sets forth by level within the fair value hierarchy:

Assets at Fair Value as of December 31, 2013

Asset Category:	Level 1		Level 2		Level 3		Total
Cash	$	115	$	—	$	—	$	115
Money market funds	697		—		—		697
U.S. treasury securities	57,836		—		—		57,836
Total	$	58,648	$	—	$	—	$	58,648

Assets at Fair Value as of December 31, 2012

Asset Category:	Level 1		Level 2		Level 3		Total
Common/collective trusts (a)	$	—	$	34,936	$	—	$	34,936
Mutual funds (b)	—		23,756		—		23,756
Money market funds	478		—		—		478
Other	—		—		927		927
Total	$	478	$	58,692	$	927	$	60,097

(a)	Common/collective trusts invest in 67% U.S. short maturity fixed income investments, 25% U. S. large cap equities and 8% international equities.
(b)	One hundred percent of mutual funds invest in a short term fixed income fund.

Changes in the Fair Value of the Plan’s Level 3 Assets

The following table sets forth a summary of changes in the fair value of the Plan’s level 3 assets for the year ended December 31, 2013 and 2012:

	2013			2012
Balance, beginning of year	$	927		$	810
Sales	(1,648		)	—
Realized gain on sale	721			—
Unrealized gains relating to instruments still held at the reporting date	—			117
Balance, end of year	$	—		$	927

Expected Benefit Payments

The Company does not anticipate making any contributions to the plan during 2014. Expected benefit payments for the next ten years are as follows:

Year Ended	Expected Benefit Payments
2014	$	11,739
2015	616
2016	752
2017	757
2018	863
2019-2023	5,908