Employee Benefit Plan

3 Months Ended

Mar. 31, 2013

Employee Benefit Plan

8. Employee Benefit Plan

The Company sponsors a cash balance defined benefit pension plan that covers substantially all of its salaried employees (the “Pension Plan”). In November 2012, the Board of Directors approved the termination of the Company’s Pension Plan. In March 2013, the Pension Plan was frozen until the final regulatory approvals are received and the Pension Plan’s assets will be distributed, used to pay excise taxes and the remaining assets will revert back to the Company. Upon settlement, the Company expects to recognize further estimated losses that will significantly affect the Company’s Condensed Consolidated Statement of Operations once the final regulatory approvals are received and the Pension Plan assets are distributed, which is expected to occur in 2014 or early 2015.

A summary of the components of net periodic pension cost (benefit) is as follows:

	Three Months Ended March 31,
	2013			2012
Service cost	$	258		$	1,040
Interest cost		170			881
Expected return on assets		(446	)		(2,606	)
Prior service costs		—			438
Amortization of loss		97			—
Net periodic pension cost (benefit)	$	79		$	(247	)