Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Defined Benefit Plan Disclosure [Line Items]

Changes in benefit obligation, plan assets and funded status

The change in benefit obligation, change in plan assets and the funded status is as follows:

	Pension Benefits						Postretirement Benefits
	2013			2012			2013			2012
	(in thousands)
Change in benefit obligation
Benefit obligation at January 1	$	24,417		$	22,568		$	111		$	106
Service cost	198			191			1			1
Interest cost	882			934			4			4
Plan amendments	—			—			(31		)	—
Actuarial (gain) loss	(2,795		)	1,951			(6		)	9
Assumed administrative expenses	(198		)	(190		)	—			—
Benefits paid	(1,013		)	(1,037		)	(4		)	(9		)
Benefit obligation at December 31	$	21,491		$	24,417		$	75		$	111
Change in plan assets
Plan assets at January 1	$	14,894		$	13,278		$	—		$	—
Actual return on plan assets	2,313			1,723			—			—
Administrative expenses	(198		)	(191		)	—			—
Employer contributions	735			1,121			—			—
Benefits paid	(1,013		)	(1,037		)	—			—
Plan assets at fair value at December 31	$	16,731		$	14,894		$	—		$	—
Funded status
Benefit obligation in excess of plan assets at December 31	$	(4,760	)	$	(9,523	)	$	(75	)	$	(111	)

Amounts recognized in consolidated balance sheets

Amounts recognized in the consolidated balance sheets are as follows:

	Pension Benefits						Postretirement Benefits
	2013			2012			2013			2012
	(in thousands)
Accrued benefit liability—short term	$	(113	)	$	(112	)	$	(4	)	$	(4	)
Accrued benefit liability—long term	(4,647		)	(9,411		)	(71		)	(107		)
Net liability recognized at December 31	$	(4,760	)	$	(9,523	)	$	(75	)	$	(111	)
Net actuarial (loss) gain	$	(4,356	)	$	(9,117	)	$	735		$	806
Net prior service (cost) credit	(34		)	(42		)	31			2,089
Accumulated other comprehensive (loss) income pre-tax at December 31	$	(4,390	)	$	(9,159	)	$	766		$	2,895

Components of net periodic benefit cost for the pension and postretirement plans

The components of net periodic benefit cost for the years ended December 31, 2013, 2012 and 2011 are as follows:

	Pension Benefits									Postretirement Benefits
	2013			2012			2011			2013			2012			2011
	(in thousands)
Components of net periodic benefit cost
Service cost	$	198		$	191		$	316		$	1		$	1		$	1
Interest cost	882			934			1,015			4			4			5
Expected return on plan assets	(1,114		)	(1,010		)	(997		)	—			—			—
Recognized actuarial loss (gain)	767			705			377			(76		)	(80		)	(90		)
Amortization of prior service cost (gain)	8			8			7			(391		)	(391		)	(391		)
Curtailment gain recognized	—			—			—			(1,698		)	—			—
Total net periodic benefit cost	$	741		$	828		$	718		$	(2,160	)	$	(466	)	$	(475	)

Summary of benefits which reflect expected future service expected to be paid out

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid as follows:

	Pension Benefits		Postretirement Benefits
	(in thousands)
2014	$	1,081	$	4
2015	1,104		4
2016	1,124		4
2017	1,167		4
2018	1,232		5
2019 and thereafter	6,805		26
Total	$	12,513	$	47

Company's pension plans' asset valuation in the fair value hierarchy levels

The Company’s pension plans’ asset valuation in the fair value hierarchy levels, discussed in detail in Note 4, along with the weighted average asset allocations as of December 31, 2013, by asset category, are as follows:

	Level 1		Level 2		Level 3		Total
	(in thousands)
Asset Category
Short-term investments	$	—	$	574	$	—	$	574
Corporate stocks - common	4,054		—		—		4,054
Mutual funds - equity	5,918		—		—		5,918
Debt securities
Exchange traded funds	5,458		—		—		5,458
Government	454		—		—		454
Asset backed	—		273		—		273
	$	15,884	$	847	$	—	$	16,731

The Company’s pension plans’ asset valuation in the fair value hierarchy levels, along with the weighted average asset allocations as of December 31, 2012, by asset category, are as follows:

	Level 1 (1)		Level 2 (1)		Level 3		Total
	(in thousands)
Asset Category
Short-term investments	$	—	$	1,030	$	—	$	1,030
Corporate stocks - common	3,368		—		—		3,368
Mutual funds - equity	1,784		—		—		1,784
Collective funds	—		5,430		—		5,430
Debt securities
Exchange traded funds	2,244		—		—		2,244
Government	434		—		—		434
Asset backed	—		604		—		604
	$	7,830	$	7,064	$	—	$	14,894
(1)  Certain amounts have been revised from a Level 1 to a Level 2 fair value hierarchy classification to conform to the current year presentation, which had no effect on previously reported consolidated results and was not material to the footnotes to the consolidated financial statements.

Benefit Obligations [Member]

Defined Benefit Plan Disclosure [Line Items]

Assumptions used to determine pension and postretirement items

The increase in the discount rates resulted in a decrease in the benefit obligation, which will be amortized through actuarial losses. The assumptions used to determine end of year benefit obligations are shown in the following table:

	Pension Benefits				Postretirement Benefits
	2013		2012		2013		2012
Discount rate	4.64	%	3.70	%	4.39	%	3.67	%

Net Periodic Cost [Member]

Defined Benefit Plan Disclosure [Line Items]

Assumptions used to determine pension and postretirement items

The assumptions used in the measurement of net periodic cost are shown in the following table:

	Pension Benefits						Postretirement Benefits
	2013		2012		2011		2013		2012		2011
Discount rate	3.70	%	4.25	%	5.25	%	3.67	%	4.18	%	5.31	%
Expected return on plan assets	7.50	%	7.50	%	7.50	%	N/A		N/A		N/A