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Employee Pension Benefits
 3 Months Ended
Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee Pension Benefits
12. 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 March 31,  
     2015      2014  

Interest cost

    $ 409       $ 506   

Expected return on assets

      (1,383 )       (1,312 ) 

Recognized net actuarial loss

      1         0   

Amortization of prior service (credit)

      (389 )       (389 ) 
  

 

 

     

 

 

  

Net periodic pension (benefit)

    $ (1,362 )     $ (1,195 ) 
  

 

 

     

 

 

  

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 months ended March 31, 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 three months ended March 31, 2015:

 

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

Balance at January 1, 2015

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

Amortization of:

         

Net actuarial loss

      1         0         1   

Prior service costs (credits)

      (389 )       150         (239 ) 
  

 

 

     

 

 

     

 

 

  

Balance at March 31, 2015

    $ 1,466       $ (503 )     $ 963   
  

 

 

     

 

 

     

 

 

  

The reclassification of prior service costs or credits from Accumulated other comprehensive income are included in the computation of net periodic pension benefit. Approximately $885 of net periodic pension benefit was included in Cost of educational services and approximately $477 of net periodic benefit was included in Student services and administrative expenses in our Condensed Consolidated Statement of Income in the three months ended March 31, 2015.