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Retirement Plans
9 Months Ended
Sep. 30, 2011
Retirement Plans 
Retirement Plans

16. Retirement Plans

  • Predecessors

        Effective as of November 30, 1994, STN adopted the Supplemental Executive Retirement Plan (the "SERP"), which was an unfunded defined benefit plan for the Chief Executive Officer and President as sole participants. Also effective as of November 30, 1994, STN adopted the Supplemental Management Retirement Plan (the "SMRP"), which was an unfunded defined benefit plan. Certain key executives (other than the Chief Executive Officer and President) as selected by the Board of Directors were able to participate in the SMRP. During the years ended December 31, 2005, 2007 and 2008, respectively, various amendments to these plans were adopted.

        As a result of the Restructuring Transactions, the SERP and SMRP were cancelled and the related liabilities were not assumed by Successor. Periodic expense related to these plans was recognized by STN through June 16, 2011 and the related liabilities were reduced to zero in fresh-start reporting.

        Prior to the cancellation of the SERP and SMRP, the components of the net periodic pension benefit cost related to these plans consisted of the following (amounts in thousands, unaudited):

 
  Predecessor  
 
  Station Casinos, Inc.  
 
  Three
Months
Ended
September 30, 2010
  Period From
January 1,
2011
Through
June 16, 2011
  Nine Months
Ended
September 30, 2010
 

Service cost

  $ 426   $ 877   $ 1,280  

Interest cost

    324     681     972  

Amortization of prior service credit

    (15 )   (29 )   (47 )
               

Net periodic pension cost

  $ 735   $ 1,529   $ 2,205