Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Benefit Plans [Abstract]

Components of net periodic benefit cost

We have a non-contributory defined benefit pension plan covering substantially all domestic employees, as well as a supplemental executive retirement plan. We also offer both medical and dental benefits for retired domestic employees and their spouses under a postretirement benefit plan. The following tables provide the components of aggregate annual net periodic benefit cost, changes in the benefit obligation and the funded status of the pension, supplemental executive retirement and other postretirement benefit plans as recognized in the consolidated balance sheet:

	Pension and Supplemental									Other Postretirement
	Executive Retirement Plans									Benefits
Components of Net Periodic Benefit Cost for fiscal year ending
	12/31/2012			12/31/2011			12/31/2010			12/31/2012			12/31/2011			12/31/2010
	(In thousands)
1.Company Service Cost	$	9,662		$	8,917		$	8,531		$	1,226		$	1,090		$	1,126
2.Interest Cost		16,481			16,098			15,535			1,144			1,350			1,183
3.Expected Return on Assets		(18,211	)		(17,373	)		(14,502	)		(3,162	)		(3,299	)		(2,891	)
4.Other Adjustments		-			-			-			-			-			-
Subtotal		7,932			7,642			9,564			(792	)		(859	)		(582	)
5.Amortization of :
a. Net Transition Obligation/(Asset)		-			-			-			-			-			-
b. Net Prior Service Cost/(Credit)		665			661			650			(6,217	)		(6,217	)		(6,138	)
c. Net Losses/(Gains)		5,829			4,010			5,924			797			632			764
Total Amortization		6,494			4,671			6,574			(5,420	)		(5,585	)		(5,374	)
6.Net Periodic Benefit Cost		14,426			12,313			16,138			(6,212	)		(6,445	)		(5,956	)
7.Cost of settlements or curtailments		-			-			-			-			-			-
8.Total Expense for Year	$	14,426		$	12,313		$	16,138		$	(6,212	)	$	(6,445	)	$	(5,956	)

Development of funded status

Development of Funded Status
	Pension and Supplemental						Other Postretirement
	Executive Retirement Plans						Benefits
	12/31/2012			12/31/2011			12/31/2012			12/31/2011
	(In thousands)
Actuarial Value of Benefit Obligations
1.Measurement Date	12/31/2012			12/31/2011			12/31/2012			12/31/2011
2.Accumulated Benefit Obligation	$	331,985		$	297,145		$	16,284		$	25,007
Funded Status/Asset (Liability) on the Consolidated Balance Sheet
1.Projected Benefit Obligation	$	(362,657	)	$	(318,048	)	$	(16,284	)	$	(25,007	)
2.Plan Assets at Fair Value		340,335			305,748			49,391			42,578
3.Funded Status - Overfunded/Asset		N/A			N/A		$	33,107		$	17,571
4.Funded Status - Underfunded/Liability	$	(22,322	)	$	(12,300	)		N/A			N/A

Accumulated Other Comprehensive Income
	12/31/2012		12/31/2011		12/31/2012			12/31/2011
	(In thousands)
1.Net Actuarial (Gain)/Loss	$	106,661	$	95,298	$	1,985		$	14,109
2.Net Prior Service Cost/(Credit)		1,775		2,278		(38,587	)		(41,072	)
3.Net Transition Obligation/(Asset)		-		-		-			-
4.Total at Year End	$	108,436	$	97,576	$	(36,602	)	$	(26,964	)

Change in projected benefit obligation

The changes in the projected benefit obligation are as follows:

	Pension and Supplemental						Other Postretirement
	Executive Retirement Plans						Benefits
Change in Projected Benefit Obligation
	12/31/2012			12/31/2011			12/31/2012			12/31/2011
	(In thousands)
1.Benefit Obligation at Beginning of Year	$	318,048		$	291,456		$	25,007		$	26,200
2.Company Service Cost		9,662			8,917			1,226			1,090
3.Interest Cost		16,481			16,098			1,144			1,350
4.Plan Participants' Contributions		-			-			356			261
5.Net Actuarial (Gain)/Loss due to Assumption Changes		37,418			23,037			(6,517	)		397
6.Net Actuarial (Gain)/Loss due to Plan Experience		634			(6,544	)		(497	)		(3,643	)
7.Benefit Payments from Fund (1)		(19,483	)		(14,692	)		(661	)		(560	)
8.Benefit Payments Directly by Company		(265	)		(316	)		(42	)		(87	)
9.Plan Amendments		162			92			(3,732	)		-
10.Other Adjustment		-			-			-			-
11.Benefit Obligation at End of Year	$	362,657		$	318,048		$	16,284		$	25,007

(1) In 2012, includes lump sum payments of $12.0 million from our pension plan to eligible participants, which were former employees with vested benefits of $100 thousand or less. Additional former employees may elect this option in 2013. In 2011, includes lump sum payments of $8.2 million from our pension plan to eligible participants, which were former employees with vested benefits of $50 thousand or less.

Change in plan assets

The changes in the fair value of the net assets available for plan benefits are as follows:

Change in Plan Assets
	12/31/2012			12/31/2011			12/31/2012			12/31/2011
	(In thousands)
1.Fair Value of Plan Assets at Beginning of Year	$	305,748		$	284,080		$	42,578		$	44,362
2.Company Contributions		15,265			20,316			-			-
3.Plan Participants' Contributions		-			-			356			261
4.Benefit Payments from Fund		(19,483	)		(14,692	)		(661	)		(560	)
5.Benefit Payments paid directly by Company		(265	)		(316	)		(42	)		(87	)
6.Actual Return on Assets		39,070			16,360			7,474			(1,224	)
7.Other Adjustment		-			-			(314	)		(173	)
8.Fair Value of Plan Assets at End of Year	$	340,335		$	305,748		$	49,391		$	42,578

Change in accumulated other comprehensive income (AOCI)

	Pension and Supplemental						Other Postretirement
	Executive Retirement Plans						Benefits
Change in Accumulated Other Comprehensive Income (AOCI)
	12/31/2012			12/31/2011			12/31/2012			12/31/2011
	(In thousands)
1.AOCI in Prior Year	$	97,576		$	84,649		$	(26,964	)	$	(33,827	)
2.Increase/(Decrease) in AOCI
a. Recognized during year - Prior Service (Cost)/Credit		(665	)		(661	)		6,217			6,217
b. Recognized during year - Net Actuarial (Losses)/Gains		(5,829	)		(4,010	)		(797	)		(632	)
c. Occurring during year - Prior Service Cost		162			92			(3,732	)		-
d. Occurring during year - Net Actuarial Losses/(Gains)		17,192			17,507			(11,326	)		1,278
3.AOCI in Current Year	$	108,436		$	97,576		$	(36,602	)	$	(26,964	)

Amortizations expected to be recognized during next fiscal year

Amortizations Expected to be Recognized During Next Fiscal Year Ending
	12/31/2013		12/31/2013
		(In thousands)
1.Amortization of Net Transition Obligation/(Asset)	$	-	$	-
2.Amortization of Prior Service Cost/(Credit)		500		(6,649)
3.Amortization of Net Losses/(Gains)		6,063		-

Actuarial assumptions

The projected benefit obligations, net periodic benefit costs and accumulated postretirement benefit obligation for the plans were determined using the following weighted average assumptions.

	Pension and Supplemental						Other Postretirement
	Executive Retirement Plans						Benefits
Actuarial Assumptions
	12/31/2012			12/31/2011			12/31/2012			12/31/2011
Weighted-Average Assumptions Used to Determine
Benefit Obligations at year end
1.Discount Rate		4.25	%		5.25	%		3.85	%		4.75	%
2.Rate of Compensation Increase		3.00	%		3.00	%		N/A			N/A
Weighted-Average Assumptions Used to Determine
Net Periodic Benefit Cost for Year
1.Discount Rate		5.25	%		5.75	%		4.75	%		5.50	%
2.Expected Long-term Return on Plan Assets		6.00	%		6.00	%		7.50	%		7.50	%
3.Rate of Compensation Increase		3.00	%		3.00	%		N/A			N/A
Assumed Health Care Cost Trend Rates at year end
1.Health Care Cost Trend Rate Assumed for Next Year		N/A			N/A			7.50	%		8.00	%
2.Rate to Which the Cost Trend Rate is Assumed to Decline (Ultimate Trend Rate)		N/A			N/A			5.00	%		5.00	%
3.Year That the Rate Reaches the Ultimate Trend Rate		N/A			N/A			2018			2018

Weighted-average asset allocations

The weighted-average asset allocations of the plans are as follows:

							Other Postretirement
	Pension Plan						Benefits
Plan Assets
	12/31/2012			12/31/2011			12/31/2012			12/31/2011
Allocation of Assets at year end
1.Equity Securities		40	%		38	%		100	%		100	%
2.Debt Securities		60	%		62	%		0	%		0	%
3.Other		0	%		0	%		0	%		0	%
4.Total		100	%		100	%		100	%		100	%

Fair value of plan assets

The following table sets forth by level, within the fair value hierarchy, the pension plan assets at fair value as of December 31, 2012.

Assets at Fair Value as of December 31, 2012
Pension Plan	Level 1		Level 2		Level 3		Total
	(In thousands)
Domestic Mutual Funds	$	45,071	$	-	$	-	$	45,071
International Mutual Funds		39,479		-		-		39,479
Common Stocks		54,210		-		-		54,210
Corporate Bonds		-		130,643		-		130,643
U.S. Government Securities		25,859		-		-		25,859
Municipals		-		26,595		-		26,595
Foreign Bonds		-		17,710		-		17,710
Foreign Stocks		768		-		-		768
Total Assets at fair value	$	165,387	$	174,948	$	-	$	340,335

The following table sets forth by level, within the fair value hierarchy, the postretirement plan assets at fair value as of December 31, 2012.

Assets at Fair Value as of December 31, 2012
Postretirement Plan	Level 1		Level 2		Level 3		Total
	(In thousands)
Domestic Mutual Funds	$	34,720	$	-	$	-	$	34,720
International Mutual Funds		14,671		-		-		14,671
Total Assets at fair value	$	49,391	$	-	$	-	$	49,391

Minimum and maximum allocation ranges for fixed income securities and equity securities

The primary focus in developing asset allocation ranges for the portfolio is the assessment of the portfolio's investment objectives and the level of risk that is acceptable to obtain those objectives. To achieve these goals the minimum and maximum allocation ranges for fixed income securities and equity securities are:

	Minimum			Maximum
Fixed income		40	%		100	%
Equity		0	%		60	%
Cash equivalents		0	%		10	%

The primary focus in developing asset allocation ranges for the portfolio is the assessment of the portfolio's investment objectives and the level of risk that is acceptable to obtain those objectives. To achieve these goals the minimum and maximum allocation ranges for fixed income securities and equity securities are:

	Minimum			Maximum
Fixed income		0	%		10	%
Equity		90	%		100	%

Actual and estimated future contributions and actual and estimated future benefit payments

The following tables show the estimated future contributions and estimated future benefit payments.

	Pension and Supplemental		Other Postretirement
	Executive Retirement Plans		Benefits
Company Contributions
	12/31/2012		12/31/2012
	(In thousands)
Company Contributions for the Year Ending:
1.Current	$	15,265	$	-
2.Current + 1		1,278		-

Benefit Payments (Total)
	12/31/2012		12/31/2012
	(In thousands)
Actual Benefit Payments for the Year Ending:
1.Current	$	19,748	$	347
Expected Benefit Payments for the Year Ending:
2.Current + 1		10,253		670
3.Current + 2		12,333		764
4.Current + 3		13,258		782
5.Current + 4		14,011		831
6.Current + 5		15,357		932
7.Current + 6 - 10		97,759		6,880

Effect of a 1% change in the health care trend rate assumption

Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plan. A 1% change in the health care trend rate assumption would have the following effects on other postretirement benefits:

	1-Percentage		1-Percentage
	Point Increase		Point Decrease
	(In thousands)
Effect on total service and interest cost components	$	506		$	(401	)
Effect on postretirement benefit obligation		2,772			(2,121	)