EMPLOYEE BENEFIT PLANS (Tables)

(In thousands)	2012			2011
Change in projected benefit obligation:
Projected benefit obligation at plan acquisition date	$	6,040		$	5,744
Interest cost	273			223
Actuarial loss	498			451
Benefits paid	(353		)	(258		)
Settlements	(95		)	(120		)
Projected benefit obligation at end of year	6,363			6,040

Change in fair value of plan assets:
Fair value of plan assets at plan acquisition date	4,456			4,915
Actual return on plan assets	396			(267		)
Contributions by employer	191			186
Benefits paid	(353		)	(258		)
Settlements	(95		)	(120		)
Fair value of plan assets at end of year	4,595			4,456

Underfunded status	$	1,768		$	1,584

Amounts Recognized in Statement of Financial Position

Current Liabilities	—			—
Noncurrent Liabilities	$	(1,768	)	$	(1,584	)

(In thousands)	2012			2011
Interest Cost	$	273		$	223
Expected return on plan assets	(350		)	(319		)
Amortization of unrecognized actuarial loss	47			—
Net periodic pension costs	$	(30	)	$	(96	)

(In thousands)	2012			2011
Amortization of actuarial loss	$	(47	)	$	—
Actuarial loss	451			1,037
Total loss recognized in accumulated other comprehensive income	404			1,037
Total loss recognized in net periodic pension cost recognized and other comprehensive income	$	374		$	941

	2012		2011
Projected benefit obligation
Discount rate	4.050	%	4.660	%
Net periodic pension cost
Discount rate	4.660	%	5.360	%
Long term rate of return on plan assets	8.000	%	9.000	%

The fair values of the Plan’s assets by asset category and level within the fair value hierarchy are as follows at December 31, 2012 (in thousands):

The fair values of the Plan’s assets by asset category and level within the fair value hierarchy are as follows at December 31, 2011 (in thousands):

Estimated benefit payments under our pension plans over the next ten years at December 31, 2012 are as follows (in thousands):

Postretirement Benefits

(In thousands)	2012			2011
Change in accumulated post retirement benefit obligation:
Accumulated postretirement benefit obligation at plan acquisition date	$	1,083		$	1,468
Interest cost	44			53
Participand contributions	51			30
Actuarial loss	150			44
Benefits paid	(144		)	(107		)
Amendments	—			(405		)
Accumulated postretirement benefit obligation at end of year	$	1,184		$	1,083

Change in plan assets:
Fair value of plan assets at plan acquisition date	$	—		$	—
Contributions by employer	93			77
Contributions by participant	51			30
Benefits paid	(144		)	(107		)
Fair value of plan assets at end of year	$	—		$	—

Amounts Recognized in Statement of Financial Position

Current Liabilities	$	(99	)	$	(93	)
Noncurrent Liabilities	$	(1,085	)	$	(990	)

(In thousands)	2012			2011
Prior service cost	$	(371	)	$	(405	)
Net actuarial loss	194			44
Total recognized in accumulated other comprehensive income	(177		)	(361		)
Accrued postretirement liability recognized	$	(1,361	)	$	(1,444	)

Estimated benefit payments under the postretirement benefit plan over the next ten years at December 31, 2012 are as follows (in thousands):