XML 60 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Schedule of Changes in Projected Benefit Obligations
The following table summarizes the balance sheet impact, including benefit obligations, assets and funded status associated with the SERPs and Restoration plan as of December 31, 2012 and 2011:

(in thousands)
2012
 
2011
Change in projected benefit obligation:
 
 
 
Benefit obligation at beginning of period
$
30,659

 
$
26,954

Addition of CDS Mapping
1,044

 

Service costs
932

 
565

Interest costs
1,386

 
1,434

Actuarial losses
1,647

 
3,058

Benefits paid
(1,566
)
 
(1,352
)
Projected benefit obligation at end of period
34,102

 
30,659

 
 
 
 
Change in plan assets:
 

 
 

Addition of CDS Mapping
$
654

 
$

Actual return on plan assets
59

 

Company contributions
2,285

 
1,352

Benefits paid
(1,566
)
 
(1,352
)
Plan assets at fair value at end of the period
1,432

 

Reconciliation of funded status:
 

 
 

Unfunded status of the plans
$
(32,670
)
 
$
(30,659
)
 
 
 
 
Amounts recognized in the consolidated balance sheet consist of:
 

 
 

Accrued benefit liability
$
(32,678
)
 
$
(30,659
)
Pension plan asset
$
8

 
$

 
$
(32,670
)
 
$
(30,659
)
Amounts recognized in accumulated other comprehensive income/(loss):
 

 
 

Unrecognized net actuarial loss
$
15,998

 
$
15,565

Unrecognized prior service credit
(9,064
)
 
(10,209
)
 
$
6,934

 
$
5,356

Schedule of Net Periodic Pension Costs
The net periodic pension cost for the years ended December 31, 2012, 2011 and 2010, for the FAC defined benefit pension plan, SERPs, Restoration plan and CDS Mapping cash balance plan includes the following components:

(in thousands)
2012
 
2011
 
2010
Expenses:
 
 
 
 
 
Service costs
$
932

 
$
565

 
$
2,743

Interest costs
1,386

 
1,435

 
7,300

Expected return on plan assets
(41
)
 

 

Amortization of net loss
80

 
(76
)
 
3,680

 Net periodic benefit cost
$
2,357

 
$
1,924

 
$
13,723

Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations
Weighted-average discount rate used to determine costs for the plans were as follows:

 
2012
 
2011
2010
SERP Plans
4.52
%
 
5.50%
5.81%
Restoration Plan
4.57
%
 
5.33%
5.81%
CDS Mapping
4.00
%
 
N/A
N/A

Weighted-average actuarial assumptions used to determine benefit obligations for the plans were as follows:

 
2012
 
2011
2010
SERP Plans
 
 
 
 
Discount rate
3.89%
 
4.52%
5.50%
Salary increase rate
N/A
 
N/A
N/A
Restoration Plan
 
 
 
 
Discount rate
4.02%
 
4.57%
5.53%
CDS Mapping
 
 
 
 
Discount rate
4.00%
 
N/A
N/A
Salary increase rate
N/A
 
N/A
N/A
Schedule of Net Funded Status
The following table provides the funded status in the defined SERPs as of December 31, 2012 and 2011:

(in thousands)
2012
 
2011
2010
Projected benefit obligation
$
34,102

 
$
30,660

$
26,954

Accumulated benefit obligation
$
34,102

 
$
30,660

$
26,954

Plan assets at fair value at end of year
$

 
$

$

Schedule of Expected Benefit Payments
The following benefit payments for all plans, which reflect expected future turnover, as appropriate, are expected to be paid as follows:

(in thousands)
 
 
2013
 
$
3,399

2014
 
1,900

2015
 
1,882

2016
 
1,336

2017
 
1,316

2018-2021
 
6,881

 
 
$
16,714