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Employee Benefit Plans
3 Months Ended
Mar. 31, 2012
Employee Benefit Plans [Abstract]  
Employee Benefit Plans

Note 10 – Employee Benefit Plans

Net periodic cost related to the Company's defined benefit pension and supplemental benefit plans during the three months ended March 31, 2012 and 2011 includes the following components:

 

     For the Three Months Ended
March 31,
 

(in thousands)

   2012     2011  

Expense:

    

Service cost

   $ 428      $ 557   

Interest cost

     7,434        7,578   

Expected return on plan assets

     (3,787     (3,845

Amortization of prior service credit

     (1,096     (1,096

Amortization of net loss

     6,825        6,514   
  

 

 

   

 

 

 
   $ 9,804      $ 9,708   
  

 

 

   

 

 

 

The Company contributed $7.1 million to the defined benefit pension and supplemental benefit plans during the three months ended March 31, 2012, and expects to contribute an additional $27.2 million during the remainder of 2012. These contributions include both those required by funding regulations as well as discretionary contributions necessary to provide benefit payments to participants of certain of the Company's non-qualified supplemental benefit plans.