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Employee Benefit Plans (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Pension Plan    
Schedule of change in benefit obligation  

 

 

Change in Benefit Obligation
(in thousands)
  2011   2010  

Benefit obligations at beginning of Period

  $ 20,489   $ 18,608  

Interest cost

    1,095     1,088  

Actuarial loss

    2,995     1,560  

Benefits paid

    (733 )   (767 )
           

Benefit obligation at end of period

  $ 23,846   $ 20,489  
           

 

Schedule of change in plan assets  


Change in Plan Assets
(in thousands)
  2011   2010  

Fair value of plan assets at beginning of year

  $ 14,059   $ 12,202  

Actual gain (loss) on plan assets

    (260 )   1,759  

Benefits paid

    (733 )   (767 )

Employer contribution

    975     865  
           

Fair value of plan assets at end of year

  $ 14,041   $ 14,059  
           

 

Schedule of funded status  


Funded Status
(in thousands)
  2011   2010  

Funded status

  $ (9,805 ) $ (6,430 )

Unrecognized net actuarial loss/Accumulated other comprehensive loss

    11,365     7,230  
           

Net amount recognized

  $ 1,560   $ 800  
           

        

Summary of our pension plan projected benefit obligation, accumulated obligation and fair value of pension plan assets  

 

 

(in thousands)
  2011   2010  

Projected benefit obligation

  $ 23,846   $ 20,489  

Accumulated benefit obligation ("ABO")

    23,846     20,489  

Fair value of plan assets

    14,041     14,059  

ABO less fair value of plan assets

    9,805     6,430  

        

Schedule of amounts recognized in consolidated balance sheets  

 

 

(in thousands)
  2011   2010  

Current Liabilities

  $ 1,595   $ 975  

Noncurrent Liabilities

    8,210     5,455  
           

Total Amount Recognized

  $ 9,805   $ 6,430  
           
Schedule of components of net periodic pension costs (benefit)

 

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

(in thousands)

 

2012

 

2011

 

2012

 

2011

 

Interest cost

 

$

269

 

$

274

 

$

808

 

$

821

 

Expected return on plan assets

 

(320

)

(308

)

(959

)

(925

)

Recognized net actuarial loss

 

172

 

88

 

514

 

265

 

Net periodic cost

 

$

121

 

$

54

 

$

363

 

$

161

 

 

 

 
  Year Ended December 31,  
(in thousands)
  2011   2010   2009  

Interest cost

  $ 1,095   $ 1,088   $ 1,065  

Expected return on plan assets

    (1,234 )   (1,218 )   (1,213 )

Recognized net actuarial loss

    353     154     12  
               

Net periodic benefit cost (benefit)

  $ 214   $ 24   $ (136 )
               
Change in Accumulated Other Comprehensive Loss  

 

 

 
  Year Ended
December 31,
 
(in thousands)
  2011   2010  

Beginning of year

  $ (7,230 ) $ (6,365 )

Net Actuarial losses

    (4,488 )   (1,019 )

Amortization of net gains

    353     154  
           

 

  $ (11,365 ) $ (7,230 )
           
Target pension plan asset allocation and actual pension plan allocation of assets  

 

 

Asset Category
  Target
Allocation
  2011   2010  

Equity securities

    70 %   73 %   77 %

Debt securities and cash

    30     27     23  
               

 

    100 %   100 %   100 %
               

        

Plan assets using the fair value hierarchy  

 

 

 
  Year Ended
December 31,
 
(in thousands)
  2011   2010  

Level 1

             

Equity Securities

  $ 10,205   $ 10,769  

Debt Securities and Cash

    3,836     3,290  

Level 2

         

Level 3

         
           

 

  $ 14,041   $ 14,059  
           

        

Schedule of estimated future benefit payments  

 

 

(in thousands)
   
 

2012

  $ 840  

2013

    860  

2014

    914  

2015

    954  

2016

    1,007  

2017 to 2021

    5,897  
Schedule of weighted-average assumptions used for pension plan  

 

 

 
  2011   2010   2009  

Weighted-average actuarial assumptions used to determine benefit obligations:

                   

Discount rate

    4.67 %   5.42 %   5.92 %

Expected return on assets

    8.00 %   8.00 %   8.00 %

Weighted-average assumptions used to determine net periodic benefit cost (benefit):

                   

Discount rate

    5.42 %   5.92 %   6.10 %

Expected return on assets

    8.00 %   8.00 %   8.00 %

Rate of compensation increase

    N/A     N/A     N/A