Employee Benefit Plans (Tables)

12 Months Ended

Oct. 31, 2012

Significant Components of Benefit Obligation and Net Obligation Recognized in Financial Statements

The significant components of the above mentioned plans as of and for the years ended October 31, 2012 and 2011 are summarized as follows:


	Defined Benefit Plans at October 31,						Post-Retirement Benefit Plan at October 31,
(in thousands)	2012			2011			2012			2011
Change in benefit obligation
Benefit obligation at beginning of year	$	12,075		$	12,018		$	5,595		$	5,297
Service cost		48			46			12			13
Interest cost		495			569			246			256
Actuarial loss		1,233			944			322			329
Benefits and expenses paid		(1,137	)		(1,502	)		(339	)		(300	)

Benefit obligation at end of year	$	12,714		$	12,075		$	5,836		$	5,595

Change in Plan Assets*
Fair value of plan assets at beginning of year	$	5,917		$	5,589		$	—		$	—
Actual return on plan assets		384			176			—			—
Employer contributions		1,490			1,654			339			300
Benefits and expenses paid		(1,137	)		(1,502	)		(339	)		(300	)

Fair value of plan assets at end of year	$	6,654		$	5,917		$	—		$	—

Unfunded status at end of year	$	(6,060	)	$	(6,158	)	$	(5,836	)	$	(5,595	)

Current liabilities	$	(1,288	)	$	(1,001	)	$	(250	)	$	(301	)
Non-current liabilities		(4,772	)		(5,157	)		(5,586	)		(5,294	)

Net obligation	$	(6,060	)	$	(6,158	)	$	(5,836	)	$	(5,595	)

Total affecting retained earnings	$	(2,535	)	$	(3,765	)	$	(5,232	)	$	(5,315	)
Amount recognized in accumulated other comprehensive income		(3,525	)		(2,393	)		(604	)		(280	)

Net obligation	$	(6,060	)	$	(6,158	)	$	(5,836	)	$	(5,595	)

*	Amounts relate to the OneSource Pension Plan which is the only Company funded defined benefit pension plan.

Components of Net Periodic Benefit Cost of Defined Benefit Plans and Post-Retirement Benefit Plans

The components of net periodic benefit cost of the defined benefit and other post-retirement benefit plans for the years ended October 31, 2012, 2011 and 2010 were as follows:


(in thousands)	2012			2011			2010
Defined Benefit Plans
Service cost	$	48		$	46		$	44
Interest		495			569			592
Expected return on assets		(486	)		(373	)		(399	)
Amortization of actuarial loss		97			114			66
Settlement loss recognized		107			126			91

Net expense	$	261		$	482		$	394

Post-Retirement Benefit Plans
Service cost	$	12		$	13		$	15
Interest		246			256			281

Net expense	$	258		$	269		$	296

Weighted Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost

The weighted average assumptions used to determine benefit obligations and net periodic benefit cost for the years ended October 31, 2012, 2011 and 2010 were as follows:

Defined Benefit Plans

Post-Retirement Benefit Plan

Assumptions to measure

net periodic cost

2012

2011

2010

2012

2011

2010

Discount rate

4.12% – 4.51%

4.50% – 4.98%

5.50%

4.04% – 4.56%

4.31% – 5.02%

5.50%

Rate of health care cost increase

N/A*

4.50% – 7.80%

4.50% – 8.00%

5.50%

Rate of compensation increase

3.50%

Rate of return on plan assets

6.00%

8.00%

N/A*

Assumptions to measure
obligation at year end

Discount rate

2.84% – 3.50%

4.12% – 4.51%

4.50% – 4.98%

3.15% – 3.58%

4.04% – 4.56%

4.31% – 5.02%

*	Not Applicable

Expected Future Benefit Payments

The expected future benefit payments were calculated using the same assumptions used to measure the Company’s benefit obligation as of October 31, 2012. This expectation is based upon expected future service:


(in thousands)	Defined Benefit Plans		Post-Retirement Benefit Plan
2013	$	1,288	$	250
2014		846		265
2015		906		279
2016		754		293
2017		709		307
2018 through 2022	$	3,930	$	1,705

Pension Plans

For plans that are not individually significant to us, the total amount of contributions is presented in the aggregate.

(in thousands)

Pension Protection Act

Zone Status

FIP/RP Status

Contributions by the Company

Expiration
Dates of
Collective
Bargaining
Agreements

Pension Fund

EIN/PN

2012

2011

Pending/

Implemented

2012

2011

2010

Surcharge
Imposed

Building Service 32BJ Pension Fund

13-1879376 /

001

Red

6/30/2011

Yellow 6/30/2010

Implemented

14,439

13,720

12,065

Yes

4/20/2014 and 12/31/2015

Central pension fund of the IUOE & Participating Employers

36-6052390 /

001

Green

1/31/2012

Green 1/31/2011

N/A*

9,176

8,339

7,631

N/A*

2/28/2013 –9/30/2015

Local 25 SEIU & Participating Employers Pension Trust

36-6486542 /

001

Green

9/30/2011

Green

9/30/2010

N/A*

7,453

7,059

6,137

N/A*

4/5/2015

IUOE Stationary Engineers Local 39 Pension Fund

94-6118939 /

001

Green 12/31/2011

Red

12/31/2010

Implemented

5,342

6,972

6,723

8/31/2017

S.E.I.U. National Industry Pension Fund

52-6148540 /

001

Red

12/31/2011

Red

12/31/2010

Implemented

3,136

2,929

2,678

Yes

6/30/2016

Local 68 Engineers Union Pension Plan

51-0176618 /

001

Green 6/30/2011

Red 6/30/2010

N/A*

3,426

3,435

3,671

8/31/2014

Service Employees International Union Local 32BJ, District 36 Building Operators Pension Trust Fund

23-6546776 /

001

Yellow

12/31/2012

Yellow

12/31/2011

Implemented

2,175

2,414

2,297

N/A*

10/15/2015

IUOE Local 30 Pension Fund

51-6045848 /

001

Green 12/31/2011

Green

12/31/2010

N/A*

1,459

1,230

1,127

N/A*

2/28/2014

Other Plans

12,948

11,782

7,448

Total Contributions

59,554

57,880

49,777

*	Not applicable

The Company was listed in the Forms 5500 of the following plans as providing more than 5 percent of total contributions for the plan years presented below.


Pension Fund		Contributions to the plan exceeded more than 5% of total contributions (as of the Plan’s year end)
Building Service 32BJ Pension Fund		6/30/2011
Local 25 SEIU & Participating Employers Pension Trust		9/30/2011 and 9/30/2010
IUOE Stationary Engineers Local 39 Pension Fund		12/31/2011 and 12/31/2010
Service Employees International Union Local 32BJ, District 36 Building Operators Pension Trust Fund		12/31/2011 and 12/31/2010
IUOE Local 30 Pension Fund		12/31/2011 and 12/31/2010

Plan Assets

Summary of OneSource Pension Plan

The following table presents the fair value hierarchy for the assets associated with the OneSource Pension Plan measured at fair value as of October 31, 2012 and 2011. These assets and liabilities are measured as Level 1:


	October 31,
(in thousands)	2012		2011
Cash and cash equivalents	$	1,716	$	1,276
Equity
Large-Cap Growth		1,260		1,090
Large-Cap Value		727		1,090
Small/Mid-Cap Growth		334		140
Small/Mid-Cap Value		163		140
International Equity		558		464
Equities Blend		53		—
Fixed Income
Long-Term Bond		777		157
Intermediate Bond		503		789
Short-Term Bond		541		771
Fixed Income Blend		16		—
Other		6		—

	$	6,654	$	5,917

Target Allocation and Asset Allocation

Summary of OneSource Pension Plan

The target allocation ranges and asset allocations for the year ended October 31, 2012 were:


	Target Allocation		Percentage of Plan Assets
Asset Category	2012		2012
U.S. Equity		43%-63%		55	%
Fixed Income		27%-47%		37	%
International Equity		0% - 20%		8	%