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Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2014
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 (in thousands):  
 
Six Months Ended June 30, 2014
 
Year Ended December 2013
Change in Projected Benefit Obligation
 
 
 
Projected benefit obligation, beginning of period
$
20,032

 
$
19,761

Service cost
409

 
925

Interest cost
468

 
829

Actuarial gain

 
(1,229
)
Benefits paid
(141
)
 
(254
)
Projected benefit obligation, end of period
$
20,768

 
$
20,032

Change in Plan Assets
 
 
 
Plan assets at fair value, beginning of period
$

 
$

Company contributions
141

 
254

Benefits paid
(141
)
 
(254
)
Plan assets at fair value, end of period
$

 
$

Unfunded Status of the Plan
$
(20,768
)
 
$
(20,032
)
Components of Net Periodic Benefit Cost
 
Three Months Ended
 
Six Months Ended
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
Components of Net Periodic Benefit Cost
 
 
 
 
 
 
 
Service cost
$
205

 
$
231

 
$
409

 
$
462

Interest cost
234

 
207

 
468

 
415

Amortization of prior service cost

 


 

 

Net loss
64

 
66

 
64

 
131

Net periodic pension cost
$
503

 
$
504

 
$
941

 
$
1,008