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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Components of Company Plan Benefit Expense
The following table summarizes key information related to the Company’s pension plans and retirement agreements. The table illustrates the reconciliation of the beginning and ending balances of the benefit obligation showing the effects during the periods presented attributable to service cost, interest cost, plan amendments, termination benefits, actuarial gains and losses. The assumptions used in the Company’s calculation of accrued pension costs are based on market information and the Company’s historical rates for employment compensation and discount rates.
 
 
2012
 
2011
Change in Projected Benefit Obligation
 
 
 
Projected Benefit Obligation, Beginning of Year
$
16,879

 
$
13,830

Service Cost
774

 
645

Interest Cost
787

 
667

Plan Amendments
569

 

Actuarial Loss
945

 
1,922

Benefits Paid
(193
)
 
(185
)
Projected Benefit Obligation, End of Year
$
19,761

 
$
16,879

Change in Plan Assets
 
 
 
Plan Assets at Fair Value, Beginning of Year
$

 
$

Company Contributions
193

 
185

Benefits Paid
(193
)
 
(185
)
Plan Assets at Fair Value, End of Year
$

 
$

Unfunded Status of the Plan
$
(19,761
)
 
$
(16,879
)
Amounts Recognized in Accumulated Other Comprehensive Income
 
 
 
Prior Service Cost

 

Net Loss
4,283

 
3,531

Total Pension Cost
$
4,283

 
$
3,531

Components of Net Periodic Benefit Cost
 
2012
 
2011
Components of Net Periodic Benefit Cost
 
 
 
Service Cost
$
774

 
$
645

Interest Cost
787

 
667

Amortization of:
 
 
 
Prior Service Cost
569

 

Net Loss
193

 
62

Net Periodic Pension Cost
$
2,323

 
$
1,374

Weighted Average Assumptions for Expense
 
 
 
Discount Rate
4.40
%
 
5.50
%
Expected Return on Plan Assets
N/A

 
N/A

Rate of Compensation Increase
4.60
%
 
4.29
%
Benefit payments representing the company's obligations to employees
The benefit payments reflected in the table below represent the Company’s obligations to employees that are eligible for retirement or have already retired and are receiving deferred compensation benefits:
 
Fiscal Year
Pension
Benefits
 
(In thousands)
2013
$
6,925

2014
367

2015
380

2016
428

2017
470

Thereafter
11,191

 
 
 
$
19,761