XML 56 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Net Periodic Benefit Cost-Defined Benefit Plans
9 Months Ended
Sep. 30, 2014
Pension and Other Postretirement Benefit Expense [Abstract]  
Net Periodic Benefit Cost-Defined Benefit Plans
Net Periodic Benefit Cost-Defined Benefit Plans
 
For a detailed disclosure on the Company’s pension and employee benefits plans, please refer to Note 12 of the Company’s Consolidated Financial Statements included in the Annual Report on Form 10-K for the year ended December 31, 2013.
 
The following sets forth the components of the net periodic benefit cost of the domestic non-contributory defined benefit plan for the three and nine months ended September 30, 2014 and 2013, respectively:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In Thousands)
 
2014
 
2013
 
2014
 
2013
Service cost
 
$
140

 
$
160

 
$
420

 
$
478

Interest cost
 
215

 
192

 
644

 
578

Expected return on plan assets
 
(288
)
 
(246
)
 
(865
)
 
(738
)
Amortization of prior service cost
 
—

 
6

 
—

 
19

Amortization of net loss
 
52

 
120

 
157

 
359

Net periodic cost
 
$
119

 
$
232

 
$
356

 
$
696


 
Employer Contributions
 
The Company previously disclosed in its consolidated financial statements, included in the Annual Report on Form 10-K for the year ended December 31, 2013, that it expected to contribute a minimum of $600,000 to its defined benefit plan in 2014.  As of September 30, 2014, there were contributions of $635,000 made to the plan with additional contributions of at least $180,000 anticipated during the remainder of 2014.