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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
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.
 
 
2013
 
2012
Accumulated Benefit Obligation, End of Year
$
15,439

 
$
14,631

 
 
 
 
Change in Projected Benefit Obligation
 
 
 
Projected Benefit Obligation, Beginning of Year
$
19,761

 
$
16,879

Service Cost
925

 
774

Interest Cost
829

 
787

Plan Amendments

 
569

Actuarial Loss (Gain)
(1,229
)
 
945

Benefits Paid
(254
)
 
(193
)
Projected Benefit Obligation, End of Year
$
20,032

 
$
19,761

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

 
$

Company Contributions
254

 
193

Benefits Paid
(254
)
 
(193
)
Plan Assets at Fair Value, End of Year
$

 
$

Unfunded Status of the Plan
$
(20,032
)
 
$
(19,761
)
Amounts Recognized in Accumulated Other Comprehensive Income
 
 
 
Prior Service Cost

 

Net Loss
2,791

 
4,283

Total Pension Cost
$
2,791

 
$
4,283

Components of Net Periodic Benefit Cost
 
2013
 
2012
Components of Net Periodic Benefit Cost
 
 
 
Service Cost
$
925

 
$
774

Interest Cost
829

 
787

Amortization of:
 
 
 
Prior Service Cost

 
569

Net Loss
263

 
193

Net Periodic Pension Cost
$
2,017

 
$
2,323

Weighted Average Assumptions for Expense
 
 
 
Discount Rate
5.15
%
 
4.40
%
Expected Return on Plan Assets
N/A

 
N/A

Rate of Compensation Increase
4.38
%
 
4.60
%
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)
2014
$
7,228

2015
413

2016
461

2017
490

2018
486

Thereafter
10,954

 
 
 
$
20,032