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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Amounts included in accumulated other comprehensive loss, net of tax, that have not yet been recognized in net periodic benefit cost are as follows
Amounts included in accumulated other comprehensive loss, net of tax, at December 31, 2013 that have not yet been recognized in net periodic benefit cost are as follows:
 
Pension
plans
 
Other
postretirement
benefits
 
(In thousands)
Prior service cost
$
—

 
$
93

Net actuarial loss
$
9,157

 
$
30
Amounts included in accumulated other comprehensive loss, net of tax, expected to be recognized in net periodic benefit cost during the following fiscal year
Amounts included in accumulated other comprehensive loss, net of tax, at December 31, 2013 expected to be recognized in net periodic benefit cost during the fiscal year ending December 31, 2014 are as follows:
 
Pension
plans
 
Other
postretirement
benefits
 
(In thousands)
Prior service credit
$
—

 
$
99

Net actuarial loss
$
378

 
$
—
Components of net periodic benefit cost
The following table sets forth the components of net periodic pension cost for the years ended December 31, 2013, 2012 and 2011 based on a December 31 measurement date:

 
2013
 
2012
 
2011
 
(In thousands)
Service cost — benefits earned during the year
$
5

 
$
6

 
$
464

Interest cost on projected benefit obligations
1,842

 
2,205

 
2,415

Expected return on plan assets
(2,744
)
 
(3,190
)
 
(3,767
)
Amortization of prior service cost
—

 
—

 
196

Amortization of net loss
719

 
645

 
1,698

Curtailment expense
—

 
—

 
984

Settlement expense
806

 
1,075

 
—

Net periodic pension cost
$
628

 
$
741

 
$
1,990

December 31, 2013, 2012 and 2011:
 
2013
 
2012
 
2011
 
(In thousands)
Service cost, benefits attributed for service of active employees for the period
$
154

 
$
143

 
$
148

Interest cost on the accumulated postretirement benefit obligation
255

 
295

 
313

Amortization of prior service cost
161

 
161

 
161

Net periodic postretirement benefit cost
$
570

 
$
599

 
$
622
Actuarial assumptions used in the determination of the net period pension cost
ctuarial assumption used in the determination of the benefit obligation of the above data is:
 
2013
 
2012
Discount rate
4.47
%
 
3.68
%
Actuarial assumptions used in the determination of the net periodic pension cost are:    
 
2013
 
2012
 
2011
Discount rate
3.68
%
 
4.69
%
 
5.05
%
Expected long-term return on plan assets
6.50
%
 
7.00
%
 
7.75
%
Rate of compensation increase
n/a

 
n/a

 
5.0
%
Schedule of Changes in Benefit Obligations, Plan Assets and Funded Status
The following table provides a reconciliation of benefit obligations, plan assets and funded status based on a December 31 measurement date:
 
2013
 
2012
 
(In thousands)
Change in benefit obligation:
 
 
 
Benefit obligation at beginning of plan year
$
50,700

 
$
49,009

Service cost
5

 
6

Interest cost
1,842

 
2,205

Actuarial (gain)/loss
(3,208
)
 
3,565

Benefits paid
(3,778
)
 
(4,085
)
Projected benefit obligation at measurement date
$
45,561

 
$
50,700

 
 
 
 
Change in plan assets:
 
 
 
Fair value of plan assets at beginning of plan year
$
46,547

 
$
43,852

Actual return on plan assets
7,104

 
5,683

Company contributions
—

 
1,097

Benefits paid
(3,778
)
 
(4,085
)
Fair value of plan assets at measurement date
$
49,873

 
$
46,547

 
 
 
 
Funded status of the plan:
 
 
 
Benefit obligation in excess of plan assets
4,312

 
(4,153
)
Prepaid pension asset (accrued pension liability)
$
4,312

 
$
(4,153
)
Fair value of the Company's qualified pension plan assets by category
The fair value of the Company's qualified pension plan assets by category at December 31, 2013 are as follows:
 
Market
value
 
Quoted
prices in active
markets for
identical assets
(Level 1)
 
Significant
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
(In thousands)
Equity securities (a)
$
27,049

 
$
27,049

 
$
—

 
$
—

Fixed income funds (b)
18,990

 
18,990

 
—

 
—

Cash/cash equivalents (c)
3,834

 
3,834

 
—

 
—

Total
$
49,873

 
$
49,873

 
$
—

 
$
—


(a)
This category includes investments in equity securities of large, small and medium sized companies, equity securities of foreign companies and equity funds, or 52.8%, 11.1%, 12.1%, 17.2% and 6.8% of total equity securities, respectively. Of the total equity amount, 11.1% was invested in common stocks in a wide variety of industries and 88.9% was invested in mutual funds. The funds are valued using the closing market prices at December 31, 2013.

(b)
This category includes investments in investment-grade fixed-income instruments and corporate bonds. Government instruments were 33.4% of the total. The funds are valued using the closing market prices at December 31, 2013.

(c)This category comprises the cash held to pay beneficiaries. The fair value of cash equals its book value.
    
The fair value of the Company’s qualified pension plan assets by category at December 31, 2012 are as follows:
 
Market
value
 
Quoted
prices in active
markets for
identical assets
(Level  1)
 
Significant
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
(In thousands)
Equity securities (a)
$
26,067

 
$
26,067

 
$
—

 
$
—

Fixed income funds (b)
20,022

 
20,022

 
—

 
—

Cash/cash equivalents (c)
458

 
458

 
—

 
—

Total
$
46,547

 
$
46,547

 
$
—

 
$
—



(a)
This category includes investments in equity securities of large, small and medium sized companies, equity securities of foreign companies and other, or 53.3%, 11.6%, 12.8%, 17.2% and 5.1% of total assets, respectively. Of the total equity amount, 11.6% was invested in common stocks in a wide variety of industries, 86.5% was invested in mutual funds and 1.9% was invested in exchange traded funds. The funds are valued using the closing market prices at December 31, 2012.

(b)
This category includes investments in investment-grade fixed-income instruments and corporate bonds. The funds are valued using the closing market prices at December 31, 2012.

(c)
This category comprises the cash held to pay beneficiaries. The fair value of cash equals its book va
Schedule of Changes in Projected Benefit Obligations
The following table provides a reconciliation of the projected benefit obligation at the Company's December 31 measurement date:
 
2013
 
2012
 
(In thousands)
Benefit obligation at beginning of year
$
6,940

 
$
6,542

Service cost
154

 
143

Interest cost
255

 
295

Actuarial (gain) loss
(746
)
 
422

Plan participants contributions
716

 
673

Benefits paid
(943
)
 
(1,135
)
Benefit obligation and funded status at end of year
$
6,376

 
$
6,940
Schedule of Amounts Recognized in Balance Sheet
The amounts recognized in the Consolidated Balance Sheets at December 31 are:
 
2013
 
2012
 
(In thousands)
Accrued compensation and employee benefits
$
442

 
$
451

Accrued non-pension postretirement benefits
5,934

 
6,489

Amounts recognized at December 31
$
6,376

 
$
6,940