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Employee Pension Benefits
 6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee Pension Benefits
11. Employee Pension Benefits

The following table sets forth the components of net periodic pension benefit of the ESI Pension Plan and ESI Excess Pension Plan in the periods indicated:

 

     Three Months
Ended June 30,		      Six Months
Ended June 30,		  
     2015      2014      2015      2014  

Interest cost

    $ 409       $ 506       $ 818       $ 1,012   

Expected return on assets

      (1,384 )       (1,312 )       (2,767 )       (2,624 ) 

Recognized net actuarial loss

      0         0         1         0   

Amortization of prior service (credit)

      (389 )       (388 )       (778 )       (777 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Net periodic pension (benefit)

    $ (1,364 )     $ (1,194 )     $ (2,726 )     $ (2,389 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

The benefit accruals under the ESI Pension Plan and ESI Excess Pension Plan were frozen effective March 31, 2006. As a result, no service cost has been included in the net periodic pension benefit.

We did not make any contributions to the ESI Pension Plan or the ESI Excess Pension Plan in the three or six months ended June 30, 2015 or 2014. We do not expect to make any significant contributions to the ESI Pension Plan or the ESI Excess Pension Plan in 2015.

 

The following table sets forth the changes in the components of Accumulated other comprehensive income on our Condensed Consolidated Balance Sheet in the six months ended June 30, 2015:

 

     Defined Benefit Pension Items  
     Accumulated
Other
Comprehensive
Income		      Income Tax
Benefit
(Expense)		      Accumulated
Other
Comprehensive
Income Net of
Income Tax		  

Balance at December 31, 2014

    $ 1,854       $ (653 )     $ 1,201   

Amortization of:

         

Net actuarial loss

      1         0         1   

Prior service costs (credits)

      (778 )       301         (477 ) 
  

 

 

     

 

 

     

 

 

  

Balance at June 30, 2015

    $ 1,077       $ (352 )     $ 725   
  

 

 

     

 

 

     

 

 

  

The reclassification from Accumulated other comprehensive income of net actuarial loss and prior service costs or credits are included in the computation of net periodic pension benefit. The following table sets forth the approximate amounts of net periodic pension benefit and the line items in which those amounts were included in our Condensed Consolidated Statements of Income in the periods indicated:

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
     2015      2014      2015      2014  

Cost of educational services

    $ 877       $ 787       $ 1,762       $ 1,562   

Student services and administrative expenses

      487         407         964         827   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net periodic pension benefit

    $ 1,364       $ 1,194       $ 2,726       $ 2,389