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Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2013
Defined Benefit Retirement Plan

The following table sets forth the net periodic cost recognized by the Company in respect of the Plan (in thousands):

 

     Three Months Ended
June  30,
    Six Months Ended
June 30,
 
     2013     2012     2013     2012  

Net periodic plan cost

        

Service cost

   $ 494      $ 861      $ 1,292      $ 1,494   

Interest cost

     345        260        676        556   

Expected return on plan asset

     (224     (188     (459     (401

Recognized net actuarial loss

     3        13        (5     3   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic plan cost for the period

   $ 618      $ 946      $ 1,504      $ 1,652