XML 56 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Benefit Plans
9 Months Ended
Sep. 30, 2012
Employee Benefit Plans

11. Employee Benefit Plans

The Company sponsors a cash balance defined benefit pension plan that covers substantially all of its salaried employees (the “Pension Plan”). A summary of the components of net periodic pension cost is as follows:

 

     Three Months Ended     Nine Months Ended  
     September 30,
2012
    September 30,
2011
    September 30,
2012
    September 30,
2011
 

Service cost

   $ 230      $ 729      $ 655      $ 3,742   

Interest cost

     164        301        554        952   

Expected return on assets

     (553     (742     (1,778     (2,370

Prior service costs

     110        158        328        509   

Amortization of losses

     5        —          5        —     

Curtailment charges

     —          2,887        —          2,887   

Settlement charges

     147        326        1,110        2,039   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic pension cost

   $ 103      $ 3,659      $ 874      $ 7,759   
  

 

 

   

 

 

   

 

 

   

 

 

 

During the nine months ended September 30, 2012, a settlement of future obligations occurred that required the pension plan assets and projected benefit obligation to be remeasured.