Annual report pursuant to Section 13 and 15(d)

EMPLOYEE BENEFIT PLANS (Details)

v2.4.0.8
EMPLOYEE BENEFIT PLANS (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Change in Projected Benefit Obligation:      
Actuarial (Gain) Loss $ 30,784 $ (12,587) $ (15,763)
Change in Plan Assets:      
Fair Value of Plan Assets at Beginning of Year 94,164    
Fair Value of Plan Assets at End of Year 103,842 94,164  
Components of Net Periodic Benefit Costs:      
Amortization of Prior Service Costs (504) (548) (643)
Net Loss Amortization 4,079 3,021 1,810
Net Periodic Benefit Cost (35,367) 9,018 13,310
Defined benefit pension plan
     
Change in Projected Benefit Obligation:      
Benefit Obligation at Beginning of Year 134,950 116,173 97,393
Service Cost 6,999 6,397 6,027
Interest Cost 5,566 5,587 5,243
Actuarial (Gain) Loss (18,965) 14,156 9,430
Benefits Paid (12,946) (7,138) (1,846)
Expenses Paid (319) (225) (245)
Plan Amendment       171
Projected Benefit Obligation at End of Year 115,285 134,950 116,173
Change in Plan Assets:      
Fair Value of Plan Assets at Beginning of Year 94,164 87,844 84,658
Actual Return on Plan Assets 17,943 8,683 277
Employer Contributions 5,000 5,000 5,000
Benefits Paid (12,946) (7,138) (1,846)
Expenses Paid (319) (225) (245)
Fair Value of Plan Assets at End of Year 103,842 94,164 87,844
Funded Status of Plan and Accrued Liability Recognized at End of Year:      
Other Liabilities 11,442 40,786 28,330
Accumulated Benefit Obligation at End of Year 98,796 110,985 94,121
Components of Net Periodic Benefit Costs:      
Service Cost 6,999 6,397 6,027
Interest Cost 5,566 5,587 5,243
Expected Return on Plan Assets (7,371) (6,793) (6,555)
Amortization of Prior Service Costs 317 359 462
Net Loss Amortization 4,316 3,390 2,223
Net Periodic Benefit Cost 9,827 8,940 7,400
Weighted-average assumptions used to determine benefit obligations:      
Discount Rate (in percent) 5.00% 4.25% 5.00%
Rate of Compensation Increase (in percent) 3.25% 3.75% 4.00%
Measurement Date 12/31/13 12/31/12 12/31/11
Weighted-Average Assumptions Used to Determine Benefit Cost:      
Discount Rate (in percent) 4.25% 5.00% 5.55%
Expected Return on Plan Assets (in percent) 8.00% 8.00% 8.00%
Rate of Compensation Increase (in percent) 3.75% 4.00% 4.25%
Amortization Amounts from Accumulated Other Comprehensive Income:      
Net Actuarial Loss (33,850) 8,875 13,690
Prior Service Cost (317) (359) (496)
Deferred Tax Benefit 13,180 (3,285) (5,090)
Other Comprehensive Loss, net of tax (20,987) 5,231 8,104
Amounts Recognized in Accumulated Other Comprehensive Income:      
Net Actuarial Losses (Gains) 13,947 47,800 38,924
Prior Service Cost 1,383 1,700 2,060
Deferred Tax Liability (Benefit) (5,914) (19,097) (15,812)
Accumulated Other Comprehensive Loss (Gain), net of tax $ 9,416 $ 30,403 $ 25,172