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Employee Benefit Plans
6 Months Ended
Jun. 30, 2011
Employee Benefit Plans  
Employee Benefit Plans

7. Employee Benefit Plans

 

The components of net periodic benefit cost for the Company’s defined benefit and other postretirement plans for the three and six months ended June 30, 2011 and 2010, included the following:

 

Components of Net Periodic

 

Three months ended June 30,

 

Six months ended June 30,

 

Benefit Cost

 

2011

 

2010

 

2011

 

2010

 

 

 

(in thousands)

 

Service cost

 

$

2,360

 

$

2,350

 

$

4,720

 

$

4,699

 

Interest cost

 

6,517

 

6,326

 

13,034

 

12,652

 

Expected return on plan assets

 

(4,687

)

(4,156

)

(9,375

)

(8,313

)

Recognized net actuarial loss

 

90

 

102

 

180

 

205

 

Net periodic benefit cost

 

$

4,280

 

$

4,622

 

$

8,559

 

$

9,243

 

 

The Company made contributions of $3.4 million and $5.3 million to its defined benefit and other postretirement plans during the three and six months ended June 30, 2011, respectively, and expects to make contributions in the amount of $6.7 million during the remainder of 2011.