XML 65 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension Benefit and Other Postretirement Benefit Plans
3 Months Ended
Mar. 31, 2014
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Pension Benefit and Other Postretirement Benefit Plans
Pension Benefits and Other Postretirement Benefit Plans
Components of Net Periodic Benefit Cost
The components of net periodic benefit cost (income) for the periods indicated are:

(Dollars in thousands)
Pension Benefits
 
Retirement Health and Life Insurance Benefits
Three Months Ended
 
Three Months Ended
Change in benefit obligation:
March 31, 2014
 
March 31, 2013
 
March 31, 2014
 
March 31, 2013
Service cost
$

 
$
1,254

 
$
160

 
$
170

Interest cost
2,018

 
2,061

 
83

 
71

Expected return on plan assets
(3,227
)
 
(2,716
)
 

 

Amortization of prior service cost

 
93

 

 
(58
)
Amortization of net loss
183

 
1,476

 
31

 
83

Settlement charge
110

 

 

 

Net periodic benefit cost (income)
$
(916
)
 
$
2,168

 
$
274

 
$
266


 
In the first quarter of 2014, we made a one-time cash payment to a former employee of $0.8 million in accordance with the provisions of his retirement contract related to his participation in the Pension Restoration Plan. This payment resulted in a settlement charge of approximately $0.1 million, which was recognized in the first quarter of 2014.
Employer Contributions
In the first quarter of 2014, we did not make any voluntary contributions to our qualified defined benefit pension plans. In the first quarter of 2013 we made voluntary contributions of $6.5 million to our qualified defined benefit pension plans.
We made $0.8 million in contributions to our non-qualified defined benefit pension plan for quarter ended March 31, 2014. We did not make any contributions to our non-qualified defined benefit pension plan for the quarter ended March 31, 2013.