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Pension Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Pension Benefits [Abstract]  
Changes in the benefit obligation and the fair value of the Benefit Plans assets
                 
    Year Ended     Year Ended  
    December 31, 2011     December 31, 2010  
    $     $  

Change in benefit obligation:

               

Beginning balance

    120,723       114,256  

Service cost

    8,829       8,345  

Interest cost

    5,167       5,148  

Contributions by plan participants

    739       579  

Actuarial loss

    9,408       730  

Benefits paid

    (4,395     (7,333

Settlements and curtailments

    —         (4,937

Foreign currency exchange rate changes

    (3,299     3,635  

Other

    —         300  
   

 

 

   

 

 

 

Ending balance

    137,172       120,723  
   

 

 

   

 

 

 

Change in fair value of plan assets:

               

Beginning balance

    102,085       95,495  

Actual return on plan assets

    2,931       125  

Contributions by the employer

    12,061       11,649  

Contributions by plan participants

    739       579  

Benefits paid

    (4,339     (7,259

Settlements and curtailments

    —         (1,314

Foreign currency exchange rate changes

    (2,357     3,110  

Other

    (422     (300
   

 

 

   

 

 

 

Ending balance

    110,698       102,085  
   

 

 

   

 

 

 

Funded status deficiency

    (26,474     (18,638
   

 

 

   

 

 

 

Amounts recognized in the balance sheets:

               

Other long-term liabilities

    26,474       18,638  

Accumulated other comprehensive (loss) income:

               

Net actuarial losses (1)

    (19,929     (18,279
   

 

 

   

 

 

 

 

  (1) As at December 31, 2011, the estimated amount that will be amortized from accumulated other comprehensive (loss) income into net periodic benefit cost in 2012 is $(0.2) million.
Pension plans with benefit obligations and accumulated benefit obligations in excess of plan assets
                 
    December 31, 2011     December 31, 2010  
    $     $  

Benefit obligation

    113,460       72,180  

Fair value of plan assets

    85,432       53,421  
     

Accumulated benefit obligation

    35,358       62,405  

Fair value of plan assets

    31,815       39,134  
   

 

 

   

 

 

 
Components of net periodic pension cost relating to the Benefit Plans
                         
   

Year Ended

December 31,

2011

   

Year Ended

December 31,

2010

   

Year Ended

December 31,

2009

 
    $     $     $  

Net periodic pension cost:

                       

Service cost

    8,978       8,616       9,753  

Interest cost

    5,250       5,091       4,548  

Expected return on plan assets

    (5,805     (5,431     (4,624

Amortization of net actuarial loss

    371       281       1,394  

Other

    421       (3,390     184  
   

 

 

   

 

 

   

 

 

 

Net cost

    9,215       5,167       11,255  
   

 

 

   

 

 

   

 

 

 
Components of other comprehensive (income) loss relating to the Plans
                         
   

Year Ended

December 31,

2011

   

Year Ended

December 31,

2010

   

Year Ended

December 31,

2009

 
    $     $     $  

Other comprehensive (income) loss:

                       

Net loss (gain) arising during the period

    12,052       5,711       (13,524

Amortization of net actuarial (gain) loss

    (319     1,026       (1,394

Other loss (gain)

    —         390       (785
   

 

 

   

 

 

   

 

 

 

Total loss (income)

    11,733       7,127       (15,703
   

 

 

   

 

 

   

 

 

 
Estimated future benefit payments which reflect expected future service to be paid by the Benefit Plans
         
    Pension Benefit  
    Payments  

Year

  $  

2012

    8,000  

2013

    4,969  

2014

    6,361  

2015

    6,251  

2016

    5,704  

2017—2021

    29,263  
   

 

 

 

Total

    60,548  
   

 

 

 
Fair value of the plan assets
                 
   

December 31,

2011

   

December 31,

2010

 
    $     $  

Pooled Funds (1)

    82,501       74,826  

Mutual Funds (2)

               

Equity investments

    13,852       13,073  

Debt securities

    3,445       3,197  

Real estate

    2,092       2,327  

Cash and money market

    291       1,034  

Other

    8,517       7,628  
   

 

 

   

 

 

 

Total

    110,698       102,085  
   

 

 

   

 

 

 

 

  (1) The Company has no control over the investment mix or strategy of the pooled funds. The pooled funds guarantee a minimum rate of return. If actual investment returns are less than the guarantee minimum rate, then the provider’s statutory reserves are used to top up the shortfall. The pooled funds primarily invest in hold to maturity bonds, real estate and other fixed income investments, which are expected to provide a stable rate of return.
  (2) The mutual funds primary aim is to provide investors with an exposure to a diversified mix of predominantly growth oriented assets (70%) with moderate to high volatility and some defensive assets (30%).
Schedule of assumptions used
                 
    December 31, 2011     December 31, 2010  

Discount rates

    3.2     4.4

Rate of compensation increase

    4.4     4.6
   

 

 

   

 

 

 
                         
    Year Ended
December 31,

2011
    Year Ended
December 31,

2010
    Year Ended
December 31,

2009
 

Discount rates

    3.2     4.4     5.0

Rate of compensation increase

    4.4     4.6     4.7

Expected long-term rates of return (1)

    5.0     5.7     6.0

 

  (1) To the extent the expected return on plan assets varies from the actual return, an actuarial gain or loss results. The expected long-term rates of return on plan assets are based on the estimated weighted-average long-term returns of major asset classes. In determining asset class returns, the Company takes into account long-term returns of major asset classes, historical performance of plan assets, as well as the current interest rate environment. The asset class returns are weighted based on the target asset allocations.