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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2015
Pension  
Employee Benefit Plans  
Schedule of components of benefit costs

 

 

The following provides the components of benefit costs (income) for the three and six months ended June 30, 2015 and 2014 (dollars in thousands):

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

1,984

 

$

2,208

 

$

4,057

 

$

4,416

 

Expected asset return

 

(3,366

)

(3,178

)

(6,760

)

(6,356

)

Amortization of loss

 

39

 

29

 

(18

)

58

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit income

 

(1,343

)

(941

)

(2,721

)

(1,882

)

Settlement loss

 

1,397

 

 

2,248

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net benefit expense (income)

 

$

54

 

$

(941

)

$

(473

)

$

(1,882

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Postretirement Benefits  
Employee Benefit Plans  
Schedule of components of benefit costs

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

259 

 

$

230 

 

$

518 

 

$

460 

 

Interest cost

 

589 

 

602 

 

1,178 

 

1,204 

 

Amortization of loss

 

149 

 

15 

 

299 

 

30 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

997 

 

$

847 

 

$

1,995 

 

$

1,694