Employee Pension Plans

9 Months Ended

Sep. 30, 2013

Employee Pension Plans

Employee Pension Plans

(13) Employee Pension Plans

The Company has a defined benefit pension plan and an unfunded supplemental retirement plan.  Effective September 1, 2004, all benefit accruals under the Company’s pension plan were frozen; however, the current vested benefit was preserved.  The pension disclosure presented below includes aggregated amounts for both of the Company’s plans.

The following table sets forth the net periodic benefit cost by component for the three and nine months ended September 30, 2013 and 2012:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(in thousands)						(in thousands)
Interest cost	$	917		$	1,005		$	2,750		$	3,015
Expected return on plan assets	(1,121		)	(1,186		)	(3,361		)	(3,558		)
Amortization of net loss	1,544			1,396			4,632			4,189
Net periodic benefit cost	$	1,340		$	1,215		$	4,021		$	3,646

The Company contributed $1.1 million and $4.7 million to its defined benefit pension plan during the nine months ended September 30, 2013 and 2012, respectively.  The Company expects to contribute an additional $0.6 million to its defined benefit pension plan during the remainder of fiscal year 2013.