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Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Schedule of plan assets and benefit obligation activity
Using an accrual measurement date of December 31, 2013 and 2012, plan assets and benefit obligation activity for the Pension Plan are listed below:

(In thousands)
 
2013
 
2012
Change in fair value of plan assets
 
 
 
 
Fair value at beginning of measurement period
 
$
117,768

 
$
96,581

Actual return on plan assets
 
31,518

 
11,256

Company contributions
 
12,638

 
15,900

Benefits paid
 
(9,185
)
 
(5,969
)
Fair value at end of measurement period
 
$
152,739

 
$
117,768

Change in benefit obligation
 
 
 
 
Projected benefit obligation at beginning of measurement period
 
$
97,653

 
$
81,507

Service cost
 
4,817

 
4,271

Interest cost
 
4,223

 
4,048

Actuarial (gains)/loss
 
(8,329
)
 
13,796

Benefits paid
 
(9,185
)
 
(5,969
)
Projected benefit obligation at the end of measurement period
 
$
89,179

 
$
97,653

Funded status at end of year (fair value of plan assets less benefit obligation)
 
$
63,560

 
$
20,115
Schedule of allocation of plan assets
The asset allocation for the Pension Plan as of each measurement date, by asset category, was as follows:
 
 
 
 
 
Percentage of Plan Assets
Asset category
 
Target Allocation
 
2013
 
2012
Equity securities
 
50% - 100%
 
83
%
 
83
%
Fixed income and cash equivalents
 
remaining balance
 
17
%
 
17
%
Total
 
 
 
100
%
 
100
%
Schedule of assumptions used to determine benefit obligations
The weighted average assumptions used to determine benefit obligations at December 31, 2013, 2012 and 2011 were as follows:
 
 
 
2013
 
2012
 
2011
Discount rate
 
5.30
%
 
4.47
%
 
5.18
%
Rate of compensation increase
 
 
 
3.00
%
 
3.00
%
Under age 30
 
10.00
%
 
 
 
 
Ages 30-39
 
6.00
%
 
 
 
 
Ages 40 and over
 
3.00
%
 
 
 
 
Schedule of estimated future pension benefit Payments
The estimated future pension benefit payments reflecting expected future service for the next ten years are shown below (in thousands):

2014
$
5,732

2015
5,943

2016
6,047

2017
6,597

2018
6,845

2019-2023
42,387

Total
$
73,551
Schedule of balances of accumulated other comprehensive income loss
The following table shows ending balances of accumulated other comprehensive loss at December 31, 2013 and 2012.
 
(In thousands)
 
2013
 
2012
Prior service cost
 
$
(34
)
 
$
(54
)
Net actuarial loss
 
(8,579
)
 
(41,691
)
Total
 
(8,613
)
 
(41,745
)
Deferred taxes
 
3,015

 
14,611

Accumulated other comprehensive loss
 
$
(5,598
)
 
$
(27,134
)
Schedule of components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss)
Using an actuarial measurement date of December 31 for 2013, 2012 and 2011, components of net periodic benefit cost and other amounts recognized in other comprehensive loss were as follows:
 
(In thousands)
 
2013
 
2012
 
2011
Components of net periodic benefit cost and other amounts recognized in other comprehensive (loss)
 
 
 
 
 
 
Service cost
 
$
(4,817
)
 
$
(4,271
)
 
$
(4,557
)
Interest cost
 
(4,223
)
 
(4,048
)
 
(3,967
)
Expected return on plan assets
 
9,536

 
8,742

 
7,543

Amortization of prior service cost
 
(20
)
 
(20
)
 
(19
)
Recognized net actuarial loss
 
(2,703
)
 
(1,708
)
 
(1,411
)
Net periodic benefit cost
 
$
(2,227
)
 
$
(1,305
)
 
$
(2,411
)
Change to net actuarial gain/(loss) for the period
 
$
30,409

 
$
(11,236
)
 
$
(9,164
)
Amortization of prior service cost
 
20

 
20

 
19

Amortization of net loss
 
2,703

 
1,708

 
1,411

Total recognized in other comprehensive income/(loss)
 
33,132

 
(9,508
)
 
(7,734
)
Total recognized in net benefit cost and other comprehensive income/(loss)
 
$
30,905

 
$
(10,813
)
 
$
(10,145
)
Schedule of assumptions used to determine costs
The weighted average assumptions used to determine net periodic benefit cost for the years ended December 31, 2013, 2012 and 2011 are listed below:
 
 
 
2013
 
2012
 
2011
Discount Rate
 
4.47
%
 
5.18
%
 
5.50
%
Rate of compensation increase
 
3.00
%
 
3.00
%
 
3.00
%
Expected long-term return on plan assets
 
7.50
%
 
7.75
%
 
7.75
%