Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Components of benefit expense

The components of the expense consisted of the following:

	For the years ended December 31,
(in thousands)	2013			2012			2011
Service cost	$	79		$	104		$	48
Interest cost	23,732			25,830			25,931
Expected return on plan assets, net of expenses	(21,501		)	(22,520		)	(23,009		)
Amortization of actuarial (gain)/loss	4,192			3,586			2,984
Curtailment/Settlement losses	—			664			8
Total for defined benefit plans	6,502			7,664			5,962
Multi-employer plans	407			467			467
SERP	2,335			956			2,044
Defined contribution plans	11,379			10,538			9,476
Net periodic benefit cost	20,623			19,625			17,949

Changes in plan assets and benefit obligations recognized in other comprehensive income (loss)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) were as follows:

	For the years ended December 31,
(in thousands)	2013		2012			2011
Current year actuarial gain/(loss)	$	52,063	$	(30,761	)	(29,350		)
Amortization of actuarial (gain)/loss	4,192		4,246			2,982
Amortization of prior service cost	—		4			4
Total	$	56,255	$	(26,511	)	$	(26,364	)

Schedule of assumptions used

Assumptions used in determining the annual retirement plans expense were as follows:

	2013		2012		2011
Discount rate	4.27	%	5.29	%	5.85	%
Long-term rate of return on plan assets	4.65	%	5.30	%	5.70	%
Increase in compensation levels	3.3	%	3.3	%	3.3	%

Assumptions used to determine the defined benefit pension plans benefit obligations were as follows:

	2013		2012		2011
Weighted average discount rate	5.08	%	4.27	%	5.29	%
Increase in compensation levels	2.0	%	3.3	%	3.3	%

Schedule of employee benefit plan assets and obligations

The following table presents information about our employee benefit plan assets and obligations:

	For the years ended December 31,
	Defined Benefit Plans						SERP
(in thousands)	2013			2012			2013			2012
Accumulated benefit obligation	$	503,500		$	568,679		$	14,593		$	15,607
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	570,219		$	499,843		$	15,920		$	14,337
Service cost	79			104			—			—
Interest cost	23,732			25,830			749			721
Benefits paid	(24,806		)	(19,927		)	(804		)	(1,440		)
Actuarial (gains)/losses	(64,653		)	66,388			662			2,302
Curtailments/Settlements	—			(2,019		)	(1,655		)	—
Projected benefit obligation at end of year	504,571			570,219			14,872			15,920
Plan assets:
Fair value at beginning of year	472,417			435,086			—			—
Actual return on plan assets	8,911			58,147			—			—
Company contributions	69			1,130			2,459			1,440
Benefits paid	(24,806		)	(19,927		)	(804		)	(1,440		)
Curtailments/Settlements	—			(2,019		)	(1,655		)	—
Fair value at end of year	456,591			472,417			—			—
Funded status	$	(47,980	)	$	(97,802	)	$	(14,872	)	$	(15,920	)
Amounts recognized in Consolidated Balance Sheets:
Current liabilities	$	—		$	—		$	(832	)	$	(1,540	)
Noncurrent liabilities	(47,980		)	(97,802		)	(14,040		)	(14,380		)
Total	$	(47,980	)	$	(97,802	)	$	(14,872	)	$	(15,920	)
Amounts recognized in accumulated other comprehensive loss consist of:
Unrecognized net actuarial loss	$	119,091		$	175,347		$	9,343		$	10,145

Schedule of pension plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets

Information for pension plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets was as follows:

	As of December 31,
	Defined Benefit Plans				SERP
(in thousands)	2013		2012		2013		2012
Accumulated benefit obligation	$	503,500	$	568,679	$	14,593	$	15,607
Projected benefit obligation	504,571		570,219		14,872		15,920
Fair value of plan assets	456,591		472,417		—		—

Schedule of allocation of pension plan assets by asset category

Information related to our pension plan asset allocations by asset category were as follows:

	Target allocation		Percentage of plan assets as of December 31,
	2014		2013		2012
US equity securities	10	%	10	%	11	%
Non-US equity securities	15	%	16	%	14	%
Fixed-income securities	70	%	69	%	69	%
Other	5	%	5	%	6	%
Total	100	%	100	%	100	%

Plan assets measured using the fair value hierarchy

The following tables present our plan assets using the fair value hierarchy as of December 31, 2013 and 2012:

	December 31, 2013
(in thousands)	Total		Level 1		Level 2		Level 3
Equity securities
Common/collective trust funds	$	122,851	$	—	$	122,851	$	—
Fixed income
Common/collective trust funds	312,626		—		312,626		—
Real estate fund	19,534		—		—		19,534
Cash equivalents	1,580		1,580		—		—
Fair value of plan assets	$	456,591	$	1,580	$	435,477	$	19,534

	December 31, 2012
(in thousands)	Total		Level 1		Level 2		Level 3
Equity securities
Common/collective trust funds	$	112,157	$	—	$	112,157	$	—
Other	11,783		11,783		—		—
Fixed income
Common/collective trust funds	319,682		—		319,682		—
Other	7,725		7,725		—		—
Real estate fund	17,766		—		—		17,766
Cash equivalents	3,304		3,304		—		—
Fair value of plan assets	$	472,417	$	22,812	$	431,839	$	17,766

Reconciliation of Level 3 assets

The following table presents a reconciliation of Level 3 assets held during 2013 and 2012:

(in thousands)	Real Estate Fund
As of December 31, 2011	$	15,818
Unrealized gains/(losses)	1,948
As of December 31, 2012	17,766
Unrealized gains/(losses)	1,768
As of December 31, 2013	$	19,534

Schedule of multi-employer plans

The following table summarizes the two plans we deem significant:

		Pension Protection Act Zone Status			Contributions of the Company
Pension Fund	EIN/Pension Plan Number	2013	2012	FIP/RP Status Pending/Implemented	2013		2012		2011		Surcharge Imposed	Expiration Date of Collective Bargaining Agreement
GCIU	91-6024903	Red	Red	Implemented	$	99,594	$	117,131	$	108,262	Yes	2012
CWA/ITU	13-6212879	Red	Red	Implemented	$	116,295	$	126,205	$	134,441	NA	2012