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COMPONENTS OF PENSION PLAN NET PERIODIC BENEFIT COSTS (Tables)
6 Months Ended
Jun. 30, 2015
Pension Plan  
Employee Benefit Plans  
Components of Net Periodic Benefit Cost

 

Components of the net periodic benefit cost for each of the periods presented are as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

 $

619

 

 

 $

544

 

 

 $

1,237

 

 

 $

1,087

 

Interest cost

 

1,074

 

 

1,018

 

 

2,148

 

 

2,037

 

Expected return on plan assets

 

(1,394

)

 

(1,337

)

 

(2,795

)

 

(2,738

)

Amortization of net loss (1)

 

835

 

 

162

 

 

1,677

 

 

387

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

 $

1,134

 

 

 $

387

 

 

 $

2,267

 

 

 $

773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Amortization of net actuarial loss is included in the operating expenses line item within our condensed consolidated statements of income.