Employee Post-Retirement Benefits

3 Months Ended

Mar. 31, 2014

Employee Post-Retirement Benefits [Abstract]

Employee Post-Retirement Benefits

Note 10. Employee Post-Retirement Benefits

HickoryTech provides post-retirement health care and life insurance benefits for eligible employees. We are currently not funding these post-retirement benefits, but have accrued these liabilities. We are required to recognize the funded status of our post-retirement benefit plans on our Consolidated Balance Sheets and recognize as a component of accumulated other comprehensive income, net of tax, the gains or losses and prior service costs or credits that arise during the period but are not recognized as components of net periodic benefit cost. Employees hired on or after January 1, 2007 are not eligible for post-retirement health care and life insurance benefits.

The components of net periodic benefit cost were as follows:

	Three Months Ended
	March 31
(Dollars in thousands)	2014			2013
Service cost	$	55		$	67
Interest cost		132			120
Amortization of prior service credit		(236	)		(236	)
Recognized net actuarial loss		98			120
Net periodic benefit cost	$	49		$	71