Employee Pension Plans

3 Months Ended

Mar. 31, 2014

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 months ended March 31, 2014 and 2013:

	Three Months Ended March 31,
	2014			2013
	(in thousands)
Interest cost	$	1,030		$	916
Expected return on plan assets	(1,192		)	(1,120		)
Amortization of net loss	1,077			1,544
Net periodic benefit cost	$	915		$	1,340

The Company was not required by its pension plan administrator to make a contribution to its defined benefit pension plan during the first quarter of 2013. During the first quarter of 2014, the Company contributed $0.6 million. The Company expects to contribute an additional $2.8 million to its defined benefit pension plan during the remainder of fiscal year 2014.