XML 24 R12.htm IDEA: XBRL DOCUMENT v3.4.0.3
Employee Benefit Plans
3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
Employee Benefit Plans
We sponsor two pension plans for certain union employees and a pension plan primarily for non-union employees, a postretirement benefit plan for selected employees and a defined contribution plan. The following tables present our consolidated net periodic benefit costs related to the pension and postretirement benefit plans for the three months ended March 31, 2015 and 2016 (in thousands):
 
 
Three Months Ended
 
Three Months Ended
 
March 31, 2015
 
March 31, 2016
 
Pension
Benefits
 
Other  Postretirement
Benefits
 
Pension
Benefits
 
Other  Postretirement
Benefits
Components of net periodic benefit costs:
 
 
 
 
 
 
 
Service cost
$
4,470

 
$
66

 
$
4,688

 
$
61

Interest cost
1,869

 
110

 
2,045

 
110

Expected return on plan assets
(1,896
)
 

 
(2,128
)
 

Amortization of prior service credit

 
(928
)
 
(45
)
 
(928
)
Amortization of actuarial loss
1,347

 
225

 
1,217

 
184

Net periodic benefit cost (credit)
$
5,790

 
$
(527
)
 
$
5,777

 
$
(573
)
  
 
 
 
 
 
 
 
 

Contributions estimated to be paid into the plans in 2016 are $22.9 million and $0.5 million for the pension and other postretirement benefit plans, respectively.

We match our employees’ qualifying contributions to our defined contribution plan, resulting in expense to us. Expenses related to the defined contribution plan were $2.8 million and $3.0 million, respectively, for the three months ended March 31, 2015 and 2016.

Amounts Included in AOCL

The changes in AOCL related to employee benefit plan assets and benefit obligations for the three months ended March 31, 2015 and 2016 were as follows (in thousands):
 
 
Three Months Ended
 
Three Months Ended
 
 
March 31, 2015
 
March 31, 2016
Gains (Losses) Included in AOCL
 
Pension Benefits
 
Other Postretirement Benefits
 
Pension Benefits
 
Other Postretirement Benefits
Beginning balance
 
$
(63,257
)
 
$
(1,696
)
 
$
(62,279
)
 
$
(3,945
)
Amortization of prior service credit
 

 
(928
)
 
(45
)
 
(928
)
Amortization of actuarial loss
 
1,347

 
225

 
1,217

 
184

Ending balance
 
$
(61,910
)
 
$
(2,399
)
 
$
(61,107
)
 
$
(4,689
)