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Employer Sponsored Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Funded Status
Plan assets and benefit obligations of the domestic defined benefit pension plan are as follows:
 
 
December 31,
 
In thousands
 
2013
 
2012
 
Change in benefit obligation:
 
 
 
 
 
 
 
Net benefit obligation at beginning of year
 
$
60,020
 
$
52,841
 
Interest cost
 
 
2,453
 
 
2,583
 
Actuarial (gain) loss
 
 
(6,900)
 
 
6,561
 
Gross benefits paid
 
 
(2,146)
 
 
(1,965)
 
Net benefit obligation at end of year
 
$
53,427
 
$
60,020
 
Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
 
$
36,355
 
$
32,643
 
Actual return on plan assets
 
 
5,226
 
 
3,562
 
Contributions
 
 
1,245
 
 
2,115
 
Gross benefits paid
 
 
(2,146)
 
 
(1,965)
 
Fair value of plan assets at end of year
 
$
40,680
 
$
36,355
 
Net benefit obligation in excess of plan assets
 
$
(12,747)
 
$
(23,665)
 
Balance sheet amounts:
 
 
 
 
 
 
 
Noncurrent liabilities
 
$
(12,747)
 
$
(23,665)
 
Total liabilities
 
$
(12,747)
 
$
(23,665)
 
Amounts recognized in accumulated other comprehensive income, net of tax consist of:
 
 
 
 
 
 
 
Net actuarial loss
 
$
14,830
 
$
21,342
 
Net amount recognized
 
$
14,830
 
$
21,342
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
Aggregated information for the domestic defined benefit pension plan with an accumulated benefit obligation in excess of plan assets is provided in the tables below:
 
 
December 31,
 
In thousands
 
2013
 
2012
 
Projected benefit obligation
 
$
53,427
 
$
60,020
 
Accumulated benefit obligation
 
$
53,427
 
$
60,020
 
Fair value of plan assets
 
$
40,680
 
$
36,355
Summary of Components of Net Periodic Benefit Cost for Domestic Pension Plan

Components of net periodic benefit cost for the domestic pension plan:

 
 
December 31,
 
In thousands
 
2013
 
2012
 
2011
 
Interest cost
 
$
2,453
 
$
2,583
 
$
2,589
 
Expected return on plan assets
 
 
(2,691)
 
 
(2,559)
 
 
(2,644)
 
Amortization of actuarial net loss
 
 
1,069
 
 
918
 
 
582
 
Total net periodic benefit cost
 
$
831
 
$
942
 
$
527
Schedule of Net Periodic Benefit Cost Not yet Recognized
The major assumptions used in determining the year-end benefit obligation and annual net cost for the domestic pension plan are presented in the following table:
 
Benefit Obligation
 
Net Cost
 
For the years ended December 31,
2013
 
2012
 
2013
 
2012
 
2011
 
Discount rate
 
 
5.09
%
 
 
4.16
%
 
 
4.16
%
 
 
5.00
%
 
 
5.74
%
Expected return on plan assets
 
 
7.25
%
 
 
7.50
%
 
 
7.50
%
 
 
7.75
%
 
 
8.00
%
Schedule of Allocation of Plan Assets
The following table presents the target allocation of pension plan assets for 2014 and the actual allocation of plan assets as of December 31, 2013 and 2012 by major asset category:
 
 
Target
Allocation
 
Actual Allocation of
Plan Assets
December 31,
 
Asset Category
 
2014
 
2013
 
2012
 
Equity securities:
 
 
 
 
 
 
 
U.S. Large Cap
 
18% – 38%
 
26
%
29
%
U.S. Mid/Small Cap
 
4% – 22%
 
11
%
12
%
Non-U.S.
 
15% – 25%
 
23
%
17
%
Emerging Markets
 
3% – 9%
 
7
%
6
%
Fixed income securities:
 
 
 
 
 
 
 
U.S. Bonds
 
12% – 38%
 
26
%
26
%
Non-U.S. Bonds
 
2% – 8%
 
5
%
5
%
Real estate investment trusts
 
0% – 8%
 
0
%
1
%
Cash and cash equivalents
 
0% – 5%
 
2
%
4
%
Schedule of Changes in Fair Value of Plan Assets
The following table sets forth by level, within the fair value hierarchy, the Trust’s assets at fair value as of December 31, 2013 and December 31, 2012:
December 31, 2013
In thousands
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Large Cap
 
$
10,548
 
$
 
$
 
$
10,548
 
U.S. Mid/Small Cap
 
 
4,593
 
 
 
 
 
 
4,593
 
Non-U.S.
 
 
9,465
 
 
 
 
 
 
9,465
 
Emerging Markets
 
 
2,713
 
 
 
 
 
 
2,713
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Bonds
 
 
10,461
 
 
 
 
 
 
10,461
 
Non-U.S. Bonds
 
 
1,847
 
 
 
 
 
 
1,847
 
Real estate investment trusts
 
 
155
 
 
 
 
 
 
155
 
Cash and cash equivalents
 
 
898
 
 
 
 
 
 
898
 
Total Assets at Fair Value
 
$
40,680
 
$
 
$
 
$
40,680
 
December 31, 2012
In thousands
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Large Cap
 
$
10,835
 
$
 
$
 
$
10,835
 
U.S. Mid/Small Cap
 
 
4,256
 
 
 
 
 
 
4,256
 
Non-U.S.
 
 
6,187
 
 
 
 
 
 
6,187
 
Emerging Markets
 
 
2,201
 
 
 
 
 
 
2,201
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Bonds
 
 
9,487
 
 
 
 
 
 
9,487
 
Non-U.S. Bonds
 
 
1,645
 
 
 
 
 
 
1,645
 
Real estate investment trusts
 
 
184
 
 
 
 
 
 
184
 
Cash and cash equivalents
 
 
1,560
 
 
 
 
 
 
1,560
 
Total Assets at Fair Value
 
$
36,355
 
$
 
$
 
$
36,355
Schedule of Expected Benefit Payments
Estimated future benefit payments for the next 10 years are as follows:
In thousands
 
2014
 
2015
 
2016
 
2017
 
2018
 
2019 – 2023
 
Benefit payments
 
$
2,248
 
$
2,316
 
$
2,361
 
$
2,489
 
$
2,663
 
$
16,003