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Pension Benefits
3 Months Ended
Mar. 31, 2013
Pension Benefits  
Pension Benefits

11.                          Pension Benefits

 

We froze our pension plan effective March 31, 2006, pursuant to which most participants no longer earned future pension benefits.  Effective February 16, 2009, the remaining participants in the pension plan no longer earned future benefits.  The following table summarizes our pension costs during the three-month periods ended March 31, 2013 and 2012 (in thousands):

 

 

 

Three months ended
March 31,

 

 

 

2013

 

2012

 

Service cost

 

$

287

 

$

288

 

Interest cost

 

2,230

 

2,307

 

Expected return on plan assets

 

(3,069

)

(2,746

)

Amortization of net actuarial loss

 

202

 

166

 

Total net periodic cost

 

$

(350

)

$

15

 

 

Weighted-Average Assumptions Used To Determine Net Cost

 

 

 

Three months ended
March 31,

 

 

 

2013

 

2012

 

Discount rate

 

3.850

%

4.300

%

Rate of compensation increase

 

N/A

 

N/A

 

Expected return on plan assets

 

7.500

%

7.500

%

 

Employer Contributions

 

During the three months ended March 31, 2013 and 2012, we made pension contributions of $1.5 million and $1.1 million, respectively.