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Defined Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2013
Net Periodic Pension Cost

The net periodic pension cost for the Company’s pension plans includes the following components for the three and six months ended June 30, 2013 and 2012 (in thousands):

 

 

Three Months Ended June 30,

 

  

Six Months Ended June 30,

 

 

2013

 

 

2012 (1)

 

 

2013

 

 

2012 (1)

 

Service cost             

$

79

  

 

$

—  

  

  

$

156

  

 

$

—  

  

Interest cost             

 

21

  

 

 

—  

  

  

 

42

  

 

 

—  

  

Expected return on plan assets             

 

(15

) 

 

 

—  

  

  

 

(30

) 

 

 

—  

  

Amortization of prior service cost             

 

5

  

 

 

—  

  

  

 

11

  

 

 

—  

  

Amortization of transition obligation             

 

13

  

 

 

—  

  

  

 

26

  

 

 

—  

  

Net periodic pension cost             

$

103

  

 

$

—  

  

  

$

205

  

 

$

—  

  

(1)              As stated in Note 1 to the Consolidated Financial Statements in its 2012 Annual Report on Form 10-K, the Company began accounting for its pension plans as defined benefit plans in the fourth quarter of 2012 as a correction of an error. Prior to that date, no amounts were recognized in the first two quarters of 2012.