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Pension Postretirement and Postemployment Benefits (Tables)
12 Months Ended
Dec. 31, 2011
Pension, Postretirement and Postemployment Benefits [Abstract]  
Pool pension plan
                 
    Pension Benefits  
    2011     2010  
    (In thousands)  

Change in benefit obligation:

               

Benefit obligation at beginning of year

  $ 20,628     $ 18,865  

Remeasurement

    1,517        

Interest cost

    1,198       1,116  

Actuarial loss (gain)

    3,975       1,289  

Benefit payments

    (659     (642
   

 

 

   

 

 

 

Benefit obligation at end of year(1)

  $ 26,659     $ 20,628  
   

 

 

   

 

 

 

Change in plan assets:

               

Fair value of plan assets at beginning of year

  $ 15,219     $ 14,058  

Actual (loss) return on plan assets

    480       1,364  

Employer contribution

    1,312       439  

Benefit payments

    (659     (642
   

 

 

   

 

 

 

Fair value of plan assets at end of year

  $ 16,352     $ 15,219  
   

 

 

   

 

 

 

Funded status:

               

Underfunded status at end of year

  $ (10,307   $ (5,409

Amounts recognized in consolidated balance sheets:

               

Other long-term liabilities

  $ (10,307   $ (5,409

 

                         
    Year Ended December 31,  
    2011     2010     2009  

Components of net periodic benefit cost (recognized in our consolidated statements of income):

                       

Interest cost

  $ 1,198     $ 1,116     $ 1,093  

Expected return on plan assets

    (1,008     (909     (794

Recognized net actuarial loss

    628       457       545  
   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

  $ 818     $ 664     $ 844  
   

 

 

   

 

 

   

 

 

 

Weighted-average assumptions:

                       

Weighted-average discount rate

    4.25     5.50     6.00

Expected long-term rate of return on plan assets

    6.50     6.50     6.50

 

(1) As of December 31, 2011 and 2010, the accumulated benefit obligation was the same as the projected benefit obligation.
Investments within the fair value of Pool Pension Plan
                                 
    Fair Value as of December 31, 2011  
    Level 1     Level 2     Level 3     Total  
    (In thousands)  

Assets:(1)

                               

Cash

  $     $ 396     $     $ 396  

Short-term investments:

                               

Available-for-sale equity securities(2)

          9,166             9,166  

Available-for-sale debt securities(3)

          6,790             6,790  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total investments

          15,956             15,956  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $     $ 16,352     $     $ 16,352  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Includes investments in collective trust funds that are valued based on the fair value of the underlying investments using quoted prices in active markets or other significant inputs that are deemed observable.

 

(2) Includes funds that invest primarily in U.S. common stocks and foreign equity securities.

 

(3) Includes funds that invest primarily in investment grade debt.
Weighted-average asset allocations of Pool Pension Plan
                 
    Pension Benefits  
    2011     2010  

Cash

    2     2

Equity securities

    56     56

Debt securities

    42     42
   

 

 

   

 

 

 

Total

    100     100
   

 

 

   

 

 

 
Benefits paid for five years thereafter
         
    (In thousands)  

2012

  $ 791  

2013

    890  

2014

    1,004  

2015

    1,117  

2016

    1,193  

2017 — 2021

    7,428