Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2013

Retirement Plans

Schedule of projected benefit obligation

Following is the plan's projected benefit obligation for the years ended December 31, 2013, 2012 and 2011 (amounts in thousands):

	2013			2012			2011
Projected benefit obligation:
Balance, beginning of the year	$	2,127		$	1,807		$	1,461
Service cost		83			60			46
Interest cost		84			90			84
Actuarial loss		(157	)		298			143
Benefits paid to participants		(23	)		(128	)		—
Plan amendment		—			—			73
Balance, end of year	$	2,114		$	2,127		$	1,807

Schedule of funded status of the plan

At December 31, 2013, 2012 and 2011, the funded status of the plan was as follows (amounts in thousands):

	2013			2012			2011
Excess of benefit obligation over the value of plan assets	$	(2,114	)	$	(2,127	)	$	(1,807	)
Unrecognized net actuarial gain		473			666			389
Unrecognized prior service cost		103			122			143
Accrued benefit cost	$	(1,538	)	$	(1,339	)	$	(1,275	)

Schedule of amounts recognized in the consolidated balance sheets

At December 31, 2013 and 2012, the amounts recognized in the consolidated balance sheets were classified as follows (amounts in thousands):

	2013			2012
Accrued benefit cost	$	(2,114	)	$	(2,127	)
Accumulated other comprehensive loss		576			788
Net amount recognized	$	(1,538	)	$	(1,339	)

Schedule of benefits expected to be paid in each of the next five years and thereafter

The benefits expected to be paid in each of the next five years and thereafter are as follows (amounts in thousands):

Year Ending December 31,	Amount
2014	$	40
2015		51
2016		85
2017		124
2018		210
2019 through 2023		802
	$	1,312

Schedule of weighted-average rates used

	2013			2012			2011
Discount rate on the benefit obligation		4.95	%		4.05	%		5.03	%
Rate of employee compensation increase		4.00	%		4.00	%		4.00	%

Schedule of pension expenses

Pension expense for the years ended December 31, 2013, 2012 and 2011, consists of the following (amounts in thousands):

	2013		2012		2011
Service cost	$	83	$	60	$	46
Interest cost		84		90		84
Expected return on plan assets		—		—		—
Recognized actuarial loss (gain)		—		—		—
Amortization of prior service cost		19		21		56
Net loss amortization		36		21		11
	$	222	$	192	$	197

Schedule of further information about the Plan

Further information about the Plan is presented in the table below (amounts in thousands):

		Pension Protection Act Zone Status	Funding Improvement Plan/Rehabilitation Plan	WAPA PR's Contribution							Expiration Date of Collective Bargaining Agreements
										Surcharge Imposed
Pension Fund	EIN	2012	Status	2013		2012		2011
TNGIPP (Plan No. 001)	52-1082662	Red	Implemented	$	144	$	113	$	108	Yes	July 21, 2015 June 27, 2016