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COMPONENTS OF PENSION PLAN NET PERIODIC BENEFIT COSTS (Tables)
6 Months Ended
Jun. 30, 2017
Pension Plan  
Employee Benefit Plans  
Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

 

2017

    

2016

    

2017

    

2016

    

 

 

(in thousands)

 

Service cost

 

$

 —

 

$

598

 

$

 —

 

$

1,196

 

Interest cost

 

 

1,135

 

 

1,131

 

 

2,270

 

 

2,263

 

Expected return on plan assets

 

 

(1,251)

 

 

(1,287)

 

 

(2,503)

 

 

(2,574)

 

Amortization of prior service cost (1)

 

 

47

 

 

 —

 

 

94

 

 

 —

 

Amortization of net loss (1)

 

 

772

 

 

789

 

 

1,545

 

 

1,578

 

Net periodic benefit cost

 

$

703

 

$

1,231

 

$

1,406

 

$

2,463

 


(1)

Amortization of prior service cost and net actuarial loss is included in the Operating expenses (excluding depreciation, depletion and amortization) line item within our condensed consolidated statements of income.