XML 56 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Post-Retirement Benefits
6 Months Ended
Jun. 30, 2014
Employee Post-Retirement Benefits [Abstract]  
Employee Post-Retirement Benefits
Note 10. Employee Post-Retirement Benefits

Enventis 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
  
Six Months Ended
 
 
 
June 30
  
June 30
 
(Dollars in thousands)
 
2014
  
2013
  
2014
  
2013
 
Service cost
 
$
55
  
$
67
  
$
110
  
$
134
 
Interest cost
  
131
   
120
   
263
   
240
 
Amortization of prior service credit
  
(236
)
  
(236
)
  
(472
)
  
(472
)
Recognized net actuarial loss
  
98
   
120
   
196
   
240
 
Net periodic benefit cost
 
$
48
  
$
71
  
$
97
  
$
142