XML 59 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Retirement Plans Retirement Plans Level 3 (Tables)
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [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:
 
2014
 
2013
 
2012
 
(In thousands)
Interest cost on projected benefit obligation
$
1,293

 
$
780

 
$
1,109

Recognized net actuarial losses (gains)
2,401

 
(1,205
)
 
1,418

 
$
3,694

 
$
(425
)
 
$
2,527

Schedule of Net Funded Status [Table Text Block]
The Plans’ funded status at December 31 was as follows:
 
2014
 
2013
 
(In thousands)
Change in Benefit Obligation:
 

 
 

Benefit obligation at beginning of year
$
37,499

 
$
28,674

Acquisition of benefit obligation

 
21,407

Interest cost
1,293

 
780

Actuarial gain (loss)
2,401

 
(856
)
Benefits paid
(4,273
)
 
(12,506
)
Benefit obligation at end of year
$
36,920

 
$
37,499

Change in Plan Assets:
 

 
 

Fair value of plan assets at beginning of year
$

 
$

Employer contributions
4,273

 
12,506

Benefits paid, including expenses
(4,273
)
 
(12,506
)
Fair value of plan assets at end of year
$

 
$

Funded status of plan
$
(36,920
)
 
$
(37,499
)
Net amount recognized in the Consolidated Balance Sheet
$
(36,920
)
 
$
(37,499
)
Funding Summary:
 

 
 

Projected benefit obligations
$
36,920

 
$
37,499

Accumulated benefit obligation
$
36,920

 
$
37,499

Amounts Recognized in the Consolidated Balance Sheet:
 

 
 

Accrued benefit liability
$
(36,920
)
 
$
(37,499
)
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.
 
2014
 
2013
 
2012
Weighted average discount rate used to determine obligations
3.42
%
 
3.66
%
 
2.90
%
Weighted average discount rate used to determine net periodic pension cost
3.69
%
 
2.90
%
 
4.05
%
Schedule of Expected Benefit Payments [Table Text Block]
The following benefit payments are expected to be paid in future years related to our Plans (in thousands):
2015
$
3,940

2016
$
3,768

2017
$
3,471

2018
$
3,264

2019
$
3,195

Years 2020 through 2024
$
11,771