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Employee Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2014
Employee Retirement Plans  
Schedule of asset allocation for the Plan

 

                                                                                                                                                                                    

 

 

2014

 

2013

 

Pooled equity funds

 

 

0.0 

%

 

55.1 

%

Pooled fixed income funds

 

 

42.1 

 

 

36.7 

 

Other investments

 

 

0.0 

 

 

7.6 

 

Cash and cash equivalents

 

 

57.9 

 

 

0.6 

 

​  

​  

​  

​  

 

 

 

100.0 

%

 

100.0 

%  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of fair values of the Corson Plan assets

 

                                                                                                                                                                                    

 

 

2014

 

2013

 

Pooled equity funds

 

$

 

$

1,092 

 

Pooled fixed income funds

 

 

785 

 

 

728 

 

Other investments

 

 

 

 

150 

 

Cash and cash equivalents

 

 

1,077 

 

 

11 

 

​  

​  

​  

​  

 

 

$

1,862 

 

$

1,981 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of funded status of the Corson Plan accrued pension benefit obligation

 

                                                                                                                                                                                    

 

 

2014

 

2013

 

Change in projected benefit obligation:

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

1,991

 

$

2,182

 

Interest cost

 

 

87

 

 

77

 

Actuarial loss (gain) on plan assets

 

 

171

 

 

(159

)

Benefits paid

 

 

(112

)

 

(109

)

​  

​  

​  

​  

Projected benefit obligation at end of year

 

$

2,137

 

$

1,991

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

Change in plan assets:

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

$

1,981

 

$

1,892

 

Employer contribution

 

 

 

 

 

Actual (loss) gain on plan assets

 

 

(7

)

 

198

 

Benefits paid

 

 

(112

)

 

(109

)

​  

​  

​  

​  

Fair value of plan assets at end of year

 

$

1,862

 

$

1,981

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

Underfunded status

 

$

(275

)

$

(10

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

Accumulated benefit obligation

 

$

2,137

 

$

1,991

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of net liability recognized for the Corson Plan on the Company's Consolidated Balance Sheets

 

                                                                                                                                                                                    

 

 

2014

 

2013

 

Accrued benefit cost

 

$

275 

 

$

10 

 

 

Schedule of weighted-average assumptions used in the measurement of the Corson Plan benefit obligation

 

                                                                                                                                                                                    

 

 

2014

 

2013

 

Discount rate

 

 

3.75 

%

 

4.50 

%

Expected long-term return on plan assets

 

 

2.00 

%

 

7.00 

%

 

Schedule of components of the Corson Plan net periodic benefit cost

 

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Interest cost

 

$

87

 

$

77

 

$

89

 

Expected return on plan assets

 

 

(38

)

 

(128

)

 

(119

)

Amortization of net actuarial loss

 

 

65

 

 

80

 

 

84

 

​  

​  

​  

​  

​  

​  

Net periodic benefit cost

 

$

114

 

$

29

 

$

54

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​