| 2013 | 2012 | |||||
| Change in projected benefit obligation: | ||||||
| Projected benefit obligation, beginning of year | $ | 275,858 | $ | 251,949 | ||
| Projected benefit obligation of Jefferies plan at March 1, 2013 | 51,599 | – | ||||
| Interest cost | 12,286 | 10,886 | ||||
| Actuarial (gains) losses | (36,197 | ) | 19,315 | |||
| Benefits paid | (8,502 | ) | (6,292 | ) | ||
| Projected benefit obligation, end of year | $ | 295,044 | $ | 275,858 | ||
| Change in plan assets: | ||||||
| Fair value of plan assets, beginning of year | $ | 194,314 | $ | 188,876 | ||
| Jefferies plan assets at March 1, 2013 | 41,290 | – | ||||
| Actual return on plan assets | 6,454 | 8,726 | ||||
| Employer contributions | 6,475 | 3,728 | ||||
| Benefits paid | (8,502 | ) | (6,292 | ) | ||
| Administrative expenses | (951 | ) | (724 | ) | ||
| Fair value of plan assets, end of year | $ | 239,080 | $ | 194,314 | ||
| Funded status at end of year | $ | (55,964 | ) | $ | (81,544 | ) |