XML 40 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2011
Retirement Plans [Abstract]  
Schedule of Net Benefit Costs [Table Text Block]
The components of the Plans’ net periodic benefit cost for the years ended December 31 were as follows:
 
2011
 
2010
 
2009
 
(In thousands)
Interest cost on projected benefit obligation
$
1,306

 
$
1,498

 
$
1,849

Actual return on plan assets

 

 

Recognized net actuarial (gains) losses
(289
)
 
534

 
2,197

 
$
1,017

 
$
2,032

 
$
4,046

Schedule of Net Funded Status [Table Text Block]
The Plans’ funded status at December 31 was as follows:
 
2011
 
2010
 
(In thousands)
Change in Benefit Obligation:
 

 
 

Benefit obligation at beginning of year
$
31,377

 
$
32,891

Interest cost
1,306

 
1,498

Actuarial loss
49

 
846

Benefits paid
(3,518
)
 
(3,858
)
Benefit obligation at end of year
$
29,214

 
$
31,377

Change in Plan Assets:
 

 
 

Fair value of plan assets at beginning of year
$

 
$

Employer contributions
3,518

 
3,858

Benefits paid, including expenses
(3,518
)
 
(3,858
)
Fair value of plan assets at end of year
$

 
$

Funded status of plan
$
(29,214
)
 
$
(31,377
)
Net amount recognized in the Consolidated Balance Sheet
$
(29,214
)
 
$
(31,377
)
Funding Summary:
 

 
 

Projected benefit obligations
$
29,214

 
$
31,377

Accumulated benefit obligation
$
29,214

 
$
31,377

Amounts Recognized in the Consolidated Balance Sheet:
 

 
 

Accrued benefit liability
$
(29,214
)
 
$
(31,377
)
Schedule of Assumptions Used [Table Text Block]
The Plans’ weighted-average assumptions used to determine the benefit obligation and net benefit cost are as follows: we base our discount rate used to compute future benefit obligations using an analysis of expected future benefit payments. The reasonableness of our discount rate is verified by comparing the rate to the rate earned on high-quality fixed income investments, such as the Moody’s Aa index, plus 50 basis points. The assumed rate of return on plan assets was not applicable as we pay plan benefits as they come due. As all Plans are curtailed, the assumed rate of compensation increase is zero.
 
2011
 
2010
 
2009
Weighted average discount rate used to determine obligations
4.05
%
 
4.45
%
 
5.00
%
Weighted average discount rate used to determine net periodic pension cost
4.41
%
 
4.80
%
 
5.97
%
Schedule of Expected Benefit Payments [Table Text Block]
The following benefit payments are expected to be paid in future years related to our Plans:
2012
$
3,646

2013
3,577

2014
3,600

2015
3,011

2016
2,760

Years 2017 through 2021
10,373