notes to consolidated financial statements The fair value of the Company’s pension plan assets at December 31, 2011, by asset category are as follows: The fair value of the Company’s pension plan assets at December 31, 2012, by asset category are as follows: 48 For the year ended December 31, 2012, there were no significant transfers in or out of Levels 1, 2 or 3. In 2011, assets valued at $16 million were transferred from Level 3 to Level 2 due to the expiration of a restriction on fund redemptions. (in thousands) Active Markets for Identical Assets Level 1 Other Observable Inputs Level 2 Unobservable Inputs Level 3 Total Fair Value Cash and Money Markets $ 8,130 $ — $— $ 8,130 Common Stocks Actively Managed U.S. Equities 105,841 — — 105,841 Fixed Income Bonds and Notes — 26,875 — 26,875 Commingled and Mutual Funds U.S. Equity Funds — 80,171 — 80,171 Non-U.S. Equity Funds — 178,841 — 178,841 U.S. Fixed Income, Government and Corporate — 43,182 — 43,182 U.S. Tactical Allocation Balanced Fund — 18,997 — 18,997 Non-U.S. Fixed Income, Government and Corporate — 181,073 — 181,073 International Balanced Funds — 8,836 — 8,836 Alternative Investments — Hedge Funds — 73,430 — 73,430 International Property Funds — 9,445 — 9,445 Annuity Contract — 759 — 759 Total Fair Value $ 113,971 $621,609 $— $735,580 (in thousands) Active Markets for Identical Assets Level 1 Other Observable Inputs Level 2 Unobservable Inputs Level 3 Total Fair Value Cash and Money Markets $ 38,084 $ — $— $ 38,084 Common Stocks Actively Managed U.S. Equities 93,869 — — 93,869 Fixed Income Bonds and Notes — 25,485 — 25,485 Commingled and Mutual Funds U.S. Equity Funds — 26,322 — 26,322 Non-U.S. Equity Funds — 198,655 — 198,655 U.S. Fixed Income, Government and Corporate — 33,810 — 33,810 U.S. Tactical Allocation Balanced Fund — 16,455 — 16,455 Non-U.S. Fixed Income, Government and Corporate — 159,611 — 159,611 International Balanced Funds — 8,223 — 8,223 Alternative Investments Hedge Funds — 67,967 — 67,967 International Property Funds — 9,011 — 9,011 Annuity Contract — 758 — 758 Total Fair Value $131,953 $546,297 $— $678,250