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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2011
Compensation and Retirement Disclosure [Abstract]  
Schedule of reconciliation of the projected benefit obligation, plan assets and funded status of the pension plan
The following table provides a reconciliation of the projected benefit obligation, plan assets and funded status of the pension plan at December 31,:

 
2010
 
2011
 
 
 
 
Accumulated Benefit Obligation
$
66,136

 
$
82,289

 
 
 
 
Change in benefit obligation
 

 
 

Projected benefit obligation at beginning of year
$
61,222

 
$
66,136

Service cost
219

 
281

Interest cost
3,585

 
3,519

Actuarial loss
5,538

 
15,305

Benefits paid
(4,428
)
 
(2,952
)
 
 
 
 
Projected benefit obligation at end of year
$
66,136

 
$
82,289

 
 
 
 
Change in plan assets
 

 
 

Fair value of plan assets at beginning of year
$
52,842

 
$
55,309

Actual gain (loss) on plan assets
4,962

 
(2,145
)
Employer contributions
1,933

 
1,610

Benefits paid
(4,428
)
 
(2,952
)
Fair value of plan assets at end of year
$
55,309

 
$
51,822

 
 
 
 
Funded status
$
(10,827
)
 
$
(30,467
)
Schedule of amounts recognized in the consolidated balance sheets
Amounts recognized in the consolidated balance sheets consist of the following at December 31,:

 
2010
 
2011
 
 
 
 
Accrued long-term pension liability
$
10,827

 
$
30,467

Accumulated other comprehensive loss
(29,313
)
 
(49,563
)
Schedule of actuarial assumptions used
The following actuarial assumptions were used to determine our accumulated and projected benefit obligations as of December 31,:

 
2010
 
2011
 
 
 
 
Discount rate
5.41
%
 
4.30
%
Expected return on plan assets
8.00
%
 
8.00
%
The following actuarial assumptions were used to determine our net periodic pension benefit cost for the years ended December 31,:

 
2009
 
 
2010
 
2011
 
 
 
 
 
 
 
Discount rate
5.97
%
*
 
5.86
%
 
5.41
%
Expected return on plan assets
8.00
%
 
 
8.00
%
 
8.00
%
Rate of compensation increase
3.50
%
 
 
N/A

 
N/A

 
*For the year ending December 31, 2009, the discount rate used in determining pension expense was 5.97% in the first quarter of 2009;  the discount rate used for purposes of remeasuring plan liabilities as of the date the plan freeze was approved and for purposes of measuring pension expense for the remainder of 2009 was 7.30%.
Schedule of plan assets and benefit obligations recognized in other comprehensive income
Other changes in plan assets and benefit obligations recognized in other comprehensive income in 2011 are as follows:
 
Current year actuarial loss
$
(21,828
)
Amortization of actuarial loss
1,578

Total recognized in other comprehensive loss
$
(20,250
)
Schedule of net benefit cost
Net periodic pension cost for the years ended December 31, consists of the following:

 
 
2009
 
2010
 
2011
 
 
 
 
 
 
 
Service cost — benefits earned during the period
 
$
1,887

 
$
219

 
$
281

Interest cost on projected benefit obligation
 
3,920

 
3,585

 
3,519

Return on plan assets
 
(3,817
)
 
(4,227
)
 
(4,378
)
Curtailment gain
 
(4,368
)
 

 

Transition amount
 
1

 

 

Prior service cost
 
(88
)
 

 

Amortization of loss
 
1,627

 
1,313

 
1,578

Net periodic pension cost
 
$
(838
)
 
$
890

 
$
1,000

Schedule of allocation of plan assets
The following table sets forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2011:

 
Level 1
 
Level 2
 
Total
 
 
 
 
 
 
Common Stock
$
21,893

 
$

 
$
21,893

Money Market Fund

 
12,461

 
12,461

Mutual Funds
14,112

 

 
14,112

Fixed Income Securities
3,356

 

 
3,356

 
$
39,361

 
$
12,461

 
$
51,822

The allocation of pension plan assets by category is as follows at December 31,:

 
Percentage of Pension
Plan Assets
 
Target
Allocation
 
2010
 
2011
 
2012
 
 
 
 
 
 
Equity securities
70
%
 
69
%
 
75
%
Debt securities
30

 
31

 
25

Total
100
%
 
100
%
 
100
%
The following table sets forth the fair value of Plan assets as of December 31,:

 
2010
 
2011
 
 
 
 
Common Stock
$
24,035

 
$
21,893

Money Market Fund
14,818

 
12,461

Mutual Funds
14,456

 
14,112

Fixed Income Securities
2,000

 
3,356

 
 
 
 
Total Assets at Fair Value
$
55,309

 
$
51,822

Schedule of expected benefit payments
The expected benefit payments are estimated based on the same assumptions used to measure the Company’s projected benefit obligation at December 31, 2011 and reflect the impact of expected future employee service.
 
2012

$3,665

2013
2,571

2014
3,072

2015
2,986

2016
2,895

2017-2021
20,980