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Employee Benefit Plans (Tables)
12 Months Ended
Sep. 30, 2013
Employee Benefit Plans [Abstract]  
Schedule Of Net Funded Status

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Other Benefits

(Dollars in Thousands)

 

2013

 

2012

 

2013

 

2012

Change in benefit obligation:

 

 

 

 

 

 

 

 

 

 

 

 

Benefit obligation at beginning of year

 

$

36,436 

 

$

31,714 

 

$

1,286 

 

$

1,196 

Service cost

 

 

 -

 

 

 -

 

 

63 

 

 

61 

Interest cost

 

 

1,361 

 

 

1,442 

 

 

41 

 

 

53 

Actuarial (gain) loss

 

 

(4,297)

 

 

4,293 

 

 

(222)

 

 

55 

Benefits paid

 

 

(1,126)

 

 

(1,013)

 

 

(88)

 

 

(79)

Benefit obligation at end of year

 

 

32,374 

 

 

36,436 

 

 

1,080 

 

 

1,286 

Change in plan assets:

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

 

22,675 

 

 

20,540 

 

 

 -

 

 

 -

Actual return on plan assets

 

 

1,315 

 

 

2,775 

 

 

 -

 

 

 -

Employer contributions

 

 

757 

 

 

373 

 

 

88 

 

 

79 

Benefits paid

 

 

(1,126)

 

 

(1,013)

 

 

(88)

 

 

(79)

Fair value of plan assets at end of year

 

 

23,621 

 

 

22,675 

 

 

 -

 

 

 -

Funded status at end of year

 

$

(8,753)

 

$

(13,761)

 

$

(1,080)

 

$

(1,286)

 

Schedule Of Amounts Recognized in Balance Sheet And Accumulated Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Other Benefits

(Dollars in Thousands)

 

2013

 

2012

 

2013

 

2012

Amounts recognized in consolidated balance sheets:

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities – accrued pension and postretirement costs

 

$

(380)

 

$

(382)

 

$

(64)

 

$

(63)

Noncurrent liabilities – pension and postretirement obligations

 

 

(8,373)

 

 

(13,379)

 

 

(1,016)

 

 

(1,223)

Net amount recognized

 

$

(8,753)

 

$

(13,761)

 

$

(1,080)

 

$

(1,286)

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts recognized in accumulated other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Net loss (gain)

 

$

6,466 

 

$

11,050 

 

$

(192)

 

$

29 

Net amount recognized in accumulated other comprehensive income (loss)

 

$

6,466 

 

$

11,050 

 

$

(192)

 

$

29 

 

Schedule Of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

2013

 

2012

Projected benefit obligation

 

$

32,374 

 

$

36,436 

Accumulated benefit obligation

 

 

32,374 

 

 

36,436 

Fair value of plan assets

 

 

23,621 

 

 

22,675 

 

Net Periodic Benefit Cost For Pension And Other Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

(Dollars in Thousands)

 

2013

 

2012

 

2011

Interest cost

 

$

1,361 

 

$

1,442 

 

$

1,454 

Expected return on plan assets

 

 

(1,460)

 

 

(1,312)

 

 

(1,380)

Recognized net actuarial loss

 

 

433 

 

 

314 

 

 

104 

Net periodic benefit cost

 

$

334 

 

$

444 

 

$

178 

 

 

 

 

 

 

 

 

 

 

 

 

Other Benefits

(Dollars in Thousands)

 

2013

 

2012

 

2011

Service cost

 

$

63 

 

$

61 

 

$

54 

Interest cost

 

 

41 

 

 

53 

 

 

55 

Amortization of prior service credit

 

 

 -

 

 

 -

 

 

(111)

Recognized net actuarial loss

 

 

(1)

 

 

 -

 

 

 -

Net periodic benefit cost (credit)

 

$

103 

 

$

114 

 

$

(2)

 

Schedule Of Amounts Recognized In Other Comprehensive Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

(Dollars in Thousands)

 

2013

 

2012

 

2011

Net (gain) loss

 

$

(4,151)

 

$

2,829 

 

$

4,091 

Amortization of net loss

 

 

(433)

 

 

(314)

 

 

(104)

Total recognized in other comprehensive (loss) income

 

 

(4,584)

 

 

2,515 

 

 

3,987 

Total recognized in net periodic benefit cost and other comprehensive (loss) income

 

$

(4,250)

 

$

2,959 

 

$

4,165 

 

 

 

 

 

 

 

 

 

 

 

 

Other Benefits

(Dollars in Thousands)

 

2013

 

2012

 

2011

Net (gain) loss

 

$

(222)

 

$

55 

 

$

30 

Amortization of net loss

 

 

 

 

 -

 

 

 -

Amortization of prior service cost

 

 

 -

 

 

 -

 

 

111 

Total recognized in other comprehensive (loss) income

 

 

(221)

 

 

55 

 

 

141 

Total recognized in net periodic benefit cost and other comprehensive (loss) income

 

$

(118)

 

$

169 

 

$

139 

 

Schedule Of Assumptions Used

The weighted-average assumptions used to determine benefit obligations at September 30 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Other Benefits

 

 

2013

 

 

2012

 

 

2013

 

 

2012

Discount rate

 

4.72% 

 

 

3.77% 

 

 

4.72% 

 

 

3.77% 

Rate of compensation increase

 

na 

 

 

na 

 

 

na 

 

 

na 

 

The weighted-average assumptions used to determine net periodic benefit cost for years ended September 30 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Other Benefits

 

 

2013

 

2012

 

2011

 

2013

 

2012

 

2011

Discount rate

 

3.77% 

 

4.60% 

 

5.08% 

 

3.77% 

 

4.60% 

 

5.08% 

Expected long-term return on plan assets

 

6.50% 

 

6.50% 

 

6.50% 

 

na 

 

na 

 

na 

Rate of compensation increase

 

na 

 

na 

 

na 

 

na 

 

na 

 

na 

 

Schedule Of Health Care Cost Trend Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

2012

Health care cost trend rate assumed for next year

 

11% 

 

 

12% 

Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)

 

6% 

 

 

6% 

Year that the rate reaches the ultimate trend rate

 

2018 

 

 

2018 

 

Schedule Of Effect Of One-Percentage-Point Change In Assumed Health Care Cost Trend Rates

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

1-Percentage-
Point Increase

 

 

1-Percentage- 
Point Decrease

Effect on aggregate of service and interest cost

$

 

$

Effect on postretirement benefit obligation

$

78 

 

$

71 

 

Schedule Of Expected Benefit Payments

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in Thousands)

 

Pension 
Benefits

 

 

Other 
Benefits

2014

$

1,212 

 

$

65 

2015

 

1,254 

 

 

88 

2016

 

1,264 

 

 

121 

2017

 

1,355 

 

 

137 

2018

 

1,553 

 

 

136 

Years 2019-2023

 

9,720 

 

 

616 

 

Schedule Of Weighted Average Asset Allocations

 

 

 

 

 

 

 

 

 

 

 

 

 

Plan Assets at September 30,

Asset Category:

 

2013

 

 

2012

Fixed income

 

42% 

 

 

57% 

Equity securities

 

55% 

 

 

41% 

Cash equivalents

 

3% 

 

 

2% 

Total

 

100% 

 

 

100% 

 

Schedule Of Allocation of Plan Assets

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at September 30, 2013 Using:

(Dollars in Thousands)

 

Quoted Prices in Active Markets for
Identical Assets
(Level 1)

 

 

Significant 
Other
Observable Inputs
(Level 2)

 

 

Significant 
Unobservable
Inputs
(Level 3)

Asset Category:

 

 

 

 

 

 

 

 

Money market accounts

$

 -

 

$

 -

 

$

205 

Debt securities:

 

 

 

 

 

 

 

 

Corporate bonds

 

 -

 

 

1,667 

 

 

 -

Government bonds

 

 -

 

 

120 

 

 

 -

Registered investment companies

 

8,231 

 

 

 -

 

 

 -

Equity securities:

 

 

 

 

 

 

 

 

Domestic

 

4,819 

 

 

 -

 

 

 -

International

 

8,579 

 

 

 -

 

 

 -

Total assets at fair value

$

21,629 

 

$

1,787 

 

$

205 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at September 30, 2012 Using:

(Dollars in Thousands)

 

Quoted Prices in Active Markets for
Identical Assets
(Level 1)

 

 

Significant 
Other
Observable Inputs
(Level 2)

 

 

Significant 
Unobservable
Inputs
(Level 3)

Asset Category:

 

 

 

 

 

 

 

 

Money market accounts

$

61 

 

$

 -

 

$

 -

Debt securities:

 

 

 

 

 

 

 

 

Corporate bonds

 

 -

 

 

4,950 

 

 

 -

Government bonds

 

 -

 

 

264 

 

 

 -

Registered investment companies

 

7,797 

 

 

 -

 

 

 -

Equity securities:

 

 

 

 

 

 

 

 

Domestic

 

6,598 

 

 

 -

 

 

 -

International

 

3,005 

 

 

 -

 

 

 -

Total assets at fair value

$

17,461 

 

$

5,214 

 

$

 -