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Employee Benefit Plans
12 Months Ended
Dec. 31, 2011
Employee Benefit Plans [Abstract]  
Employee Benefit Plans
EMPLOYEE BENEFIT PLANS
    
Profit Sharing Plan. The Company has a noncontributory profit sharing plan. All employees, other than temporary employees, working 20 hours or more per week are eligible to participate in the profit sharing plan. The Company’s Board of Directors authorized quarterly contributions to the profit sharing plan that are not to exceed, on an individual basis, the lesser of 100% of compensation or $40 annually. Participants become 100% vested upon the completion of three years of vesting service. The Company accrued contribution expense for this plan of $1,480, $1,197 and $1,757 in 2011, 2010 and 2009, respectively.
    
Savings Plan. In addition, the Company has a contributory employee savings plan. Eligibility requirements for this plan are the same as those for the profit sharing plan discussed in the preceding paragraph. Employee participation in the plan is at the option of the employee. The Company contributes $1.25 for each $1.00 of employee contributions up to 4% of the participating employee’s compensation. The Company accrued contribution expense for this plan of $3,905, $3,896 and $3,857 in 2011, 2010 and 2009, respectively.
    
Postretirement Healthcare Plan. The Company sponsors a contributory defined benefit healthcare plan (the “Plan”) for active employees and employees and directors retiring from the Company at the age of at least 55 years and with at least 15 years of continuous service. Retired Plan participants contribute the full cost of benefits based on the average per capita cost of benefit coverage for both active employees and retired Plan participants.
    
The Plan’s unfunded benefit obligation of $3,948 and $3,575 as of December 31, 2011 and 2010, respectively, is included in accounts payable and accrued expenses in the Company’s consolidated balance sheets. Net periodic benefit costs of $507, $502 and $194 for the years ended December 31, 2011, 2010 and 2009, respectively, are included in salaries, wages and employee benefits expense in the Company’s consolidated statements of income.
    
Weighted average actuarial assumptions used to determine the postretirement benefit obligation at December 31, 2011 and 2010, and the net periodic benefit costs for the year then ended, included a discount rate of 5.3% and a 5.0% annual increase in the per capita cost of covered healthcare benefits. The estimated effect of a one percent increase or a one percent decrease in the assumed healthcare cost trend rate would not significantly impact the service and interest cost components of the net periodic benefit cost or the accumulated postretirement benefit obligation. Future benefit payments are expected to be $177, $176, $207, $195 $195 and $1,381 for 2012, 2013, 2014, 2015, 2016, and 2017 through 2021, respectively.

At December 31, 2011, the Company had accumulated other comprehensive loss related to the Plan of $2,400, or $1,499 net of related income tax benefit, comprised of net actuarial losses of $1,932 and unamortized transition asset of $468. The Company estimates $135 will be amortized from accumulated other comprehensive loss into net period benefit costs in 2012.