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Employee Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2013
Employee Benefit Plans  
Summary of employee benefits charged to operating expenses

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(in thousands)

 

2013

 

2012

 

2013

 

2012

 

Payroll taxes

 

$

266

 

$

278

 

$

832

 

$

857

 

Medical plans

 

483

 

448

 

1,443

 

1,346

 

401k match and profit-sharing

 

97

 

(30

)

287

 

276

 

Pension plan

 

286

 

330

 

858

 

990

 

Other

 

73

 

69

 

153

 

242

 

Total employee benefits

 

$

1,205

 

$

1,095

 

$

3,573

 

$

3,711

 

Components of net pension cost

 

 

 

Estimated

 

Actual

 

(in thousands)

 

2013

 

2012

 

Service cost—benefits earned during the year

 

$

1,211

 

$

1,168

 

Interest costs on projected benefit obligations

 

645

 

668

 

Expected return on plan assets

 

(820

)

(776

)

Expected administrative expenses

 

0

 

40

 

Amortization of prior service cost

 

78

 

78

 

Amortization of unrecognized net loss

 

30

 

46

 

Net periodic pension expense

 

$

1,144

 

$

1,224

 

 

 

 

 

 

 

Pension expense - three months ended September 30, (actual)

 

$

286

 

$

330

 

Pension expense - nine months ended September 30, (actual)

 

$

858

 

$

990