Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2013

Retirement Plans [Abstract]

Benefit obligations

The benefit obligations as of December 31, 2013 and 2012 are as follows:

	Pension Plans
	Domestic						SERP						International
	2013			2012			2013			2012			2013			2012
Change in benefit obligation
Benefit obligation, beginning of year	$	79,958		$	75,430		$	3,690		$	4,153		$	27,033		$	23,020
Service cost		-			-			-			-			743			660
Interest cost		3,057			3,284			41			85			658			795
Actuarial (gain)/loss		(8,269	)		4,699			(9	)		88			(2,314	)		1,852
Benefits paid		(4,037	)		(3,455	)		(636	)		(636	)		(808	)		(755	)
Currency translation affect		-			-			-			-			315			1,461
Benefit obligation, end of year	$	70,709		$	79,958		$	3,086		$	3,690		$	25,627		$	27,033

Plan assets and funded status of the Domestic Pension Plan

The plan assets and funded status of the Domestic Pension Plan as of December 31, 2013 and 2012 are as follows:

	2013			2012
Change in plan assets
Fair value of plan assets, beginning of period	$	53,900		$	49,104
Actual return on plan assets		6,894			5,945
Contributions		986			2,306
Benefits paid		(4,037	)		(3,455	)
Fair value of plan assets, end of period	$	57,743		$	53,900
Unfunded status		(12,966	)		(26,058	)
Accrued benefit cost, end of period	$	(12,966	)	$	(26,058	)

Amounts recognized in AOCI

The amounts recognized in AOCI as of December 31, 2013 and 2012 consist of the following:

	Pension Plans
	Domestic				SERP				International
	2013		2012		2013		2012		2013			2012
Actuarial loss	$	20,373	$	32,646	$	830	$	958	$	4,765		$	7,354
Prior service cost/(benefit)		-		-		230		287		(24	)		(31	)
Total	$	20,373	$	32,646	$	1,060	$	1,245	$	4,741		$	7,323

Components of net periodic benefit cost

The components of net periodic benefit cost are as follows:

	Pension Plans
	Domestic									SERP						International
	2013			2012			2011			2013		2012		2011		2013			2012			2011
Components of net periodic benefit cost
Service cost	$	-		$	-		$	-		$	-	$	-	$	-	$	743		$	660		$	611
Interest cost		3,057			3,284			3,462			41		85		150		658			795			944
Expected return on plan assets		(3,826	)		(3,674	)		(3,787	)		-		-		-		-			-			-
Amortization of prior service cost/(benefit)		-			60			436			57		57		57		(7	)		(7	)		(7	)
Recognized actuarial loss		937			864			458			118		76		49		284			200			111
Net periodic benefit cost	$	168		$	534		$	569		$	216	$	218	$	256	$	1,678		$	1,648		$	1,659

Estimated amounts that will be amortized from AOCI into net periodic benefit cost in 2014

The estimated amounts that will be amortized from AOCI into net periodic benefit cost in 2014 are as follows:

	Pension Plans
	Domestic		SERP		International
Actuarial loss	$	522	$	131	$	160
Prior service cost/(benefit)		-		57		(7	)
Total	$	522	$	188	$	153

Major assumptions used in determining the benefit obligations and net benefit cost

Major assumptions used in determining the benefit obligations are presented in the following table:

	2013			2012
Discount rate:
Domestic Pension Plan		4.80	%		3.90	%
SERP		1.40	%		1.35	%
International Pension Plan		3.70	%		3.40	%
Rate of compensation increase:
International Pension Plan		2.50	%		2.40	%

Major assumptions used in determining the net benefit cost are presented in the following table:

	2013			2012			2011
Discount rate:
Domestic Pension Plan		3.90	%		4.45	%		5.35	%
SERP		1.35	%		2.40	%		3.40	%
International Pension Plan		3.40	%		3.40	%		4.40	%
Expected return on plan assets:
Domestic Pension Plan		7.25	%		7.50	%		7.50	%
Rate of compensation increase:
International Pension Plan		2.50	%		2.40	%		2.80	%

Expected benefit payments

The following benefit payments are expected to be paid out of the plans:

	Pension Plans
	Domestic		SERP		International
2014	$	3,527	$	731	$	824
2015	$	3,478	$	609	$	836
2016	$	3,486	$	609	$	837
2017	$	3,628	$	609	$	858
2018	$	3,654	$	609	$	934
2019-2023	$	21,028		-	$	5,681

Fair values of the Company's pension plan assets by asset category

The fair values of the Company’s pension plan assets by asset category are as follows:

			Fair Value Measurements at December 31, 2013 using:
Asset Category	Total		(Level 1)		(Level 2)		(Level 3)
Equity securities:
U.S. companies	$	20,633	$	-	$	20,633	$	-
International companies		11,157		-		11,157		-
U.S. fixed income		18,736		-		16,660		2,076
Commodities		4,436		-		4,436		-
TIPS		2,781		-		2,781		-
	$	57,743	$	-	$	55,667	$	2,076

			Fair Value Measurements at December 31, 2012 using:
Asset Category	Total		(Level 1)		(Level 2)		(Level 3)
Equity securities:
U.S. companies	$	19,238	$	-	$	19,238	$	-
International companies		10,337		-		10,337		-
U.S. fixed income		17,625		-		15,465		2,160
Commodities		4,131		-		4,131		-
TIPS		2,569		-		2,569		-
	$	53,900	$	-	$	51,740	$	2,160

Changes in the fair value of the Domestic Plan's Level 3 assets

The following table sets forth a summary of the changes in the fair value of the Domestic Plan’s Level 3 assets, which are annuity contracts with an insurance company, for the year ended December 31, 2013:

	Group Annuity Contract
Balance at December 31, 2012	$	2,160
Net investment loss		(84	)
Balance at December 31, 2013	$	2,076