Retirement Plans

12 Months Ended

Dec. 31, 2011

Compensation and Retirement Disclosure [Abstract]

Retirement Plans

Retirement Plans

Successor

401(k) Plan

The Company has a defined contribution 401(k) plan which covers all employees who meet certain age and length of service requirements and allows an employer contribution up to 50% of the first 4% of each participating employee's compensation contributed to the plan. Plan participants can elect to defer before tax compensation through payroll deductions. These deferrals are regulated under Section 401(k) of the Internal Revenue Code. The Company made no matching contributions during the Successor period June 17, 2011 through December 31, 2011. In January 2012, the Company announced that it would resume making employer contributions at the rate of 50% of the first 4% of each participating employee's compensation contributed to the plan.

STN Predecessor

Effective 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 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 canceled 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.

A reconciliation of the beginning and ending balances of STN Predecessor's pension benefit obligation and fair value of the plan assets and the funded status is as follows (amounts in thousands):

	STN Predecessor
	Station Casinos, Inc.
	Period January 1, 2011 Through June 16, 2011			Year Ended December 31, 2010
Change in pension benefit obligation:
Benefit obligation at beginning of year	$	26,387		$	22,002
Service cost	877			1,707
Interest cost	681			1,296
Net actuarial loss	—			1,382
Effect of plan termination	(27,945		)	—
Benefit obligation at end of period	$	—		$	26,387
Fair value of plan assets at end of period	$	—		$	—
Funded status of the plan (underfunded)	$	—		$	(26,387	)
Net amount recognized	$	—		$	(26,387	)
Amounts recognized in the consolidated balance sheet consist of:
Current liabilities (a)	$	—		$	(416	)
Accrued pension costs (a)	—			(25,651		)
Accumulated other comprehensive income	—			(320		)
Net amount recognized	$	—		$	(26,387	)
Weighted average assumptions:
Discount rate	5.25		%	5.25		%
Salary rate increase	5.00		%	5.00		%

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(a) As a result of the Chapter 11 Case, the current liabilities and the accrued pension costs were classified as liabilities subject to compromise in STN Predecessor's consolidated balance sheet at December 31, 2010.

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):

	STN Predecessor
	Station Casinos, Inc.
	Period January 1, 2011 Through June 16, 2011			Year Ended December 31, 2010			Year Ended December 31, 2009
Service cost	$	877		$	1,707		$	2,115
Interest cost	681			1,296			1,217
Amortization of prior service credit	(29		)	(63		)	(63		)
Net periodic pension cost	$	1,529		$	2,940		$	3,269

STN also had a defined contribution 401(k) plan which covered all employees who met certain age and length of service requirements and allowed an employer contribution up to 50% of the first 4% of each participating employee's compensation contributed to the plan. Plan participants could elect to defer before tax compensation through payroll deductions. In December 2008, STN announced that it had elected to suspend employer contributions effective January 1, 2009, and no employer contributions were made to the 401(k) plan by STN during the Predecessor Periods.