Employee Benefit Plans

9 Months Ended

Sep. 30, 2015

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plans

Note 9 – Employee Benefit Plans

Net periodic cost related to the Company’s defined benefit pension and supplemental benefit plans during the three and nine months ended September 30, 2015 and 2014 includes the following components:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2015			2014			2015			2014
Expense:
Service costs	$	390		$	329		$	1,170		$	986
Interest costs		6,786			7,933			20,805			21,845
Expected return on plan assets		(5,341	)		(6,165	)		(16,237	)		(15,554	)
Amortization of net actuarial loss		7,613			2,372			24,596			17,186
Amortization of prior service credit		(1,041	)		(1,038	)		(3,122	)		(3,115	)
	$	8,407		$	3,431		$	27,212		$	21,348

The Company contributed $31.6 million to the defined benefit pension and supplemental benefit plans during the nine months ended September 30, 2015 and expects to contribute an additional $4.2 million during the remainder of 2015. These contributions include 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.