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EMPLOYEE BENEFIT PLANS
6 Months Ended
Jun. 30, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
The components of net periodic benefit cost related to the Company’s defined benefit plans consisted of the following:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
Pension Benefits
2016
 
2015
 
2016
 
2015
Components of net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$
7,339

 
$
5,789

 
$
14,679

 
$
11,579

Interest cost
775

 
707

 
1,551

 
1,416

Expected return on plan assets
(1,107
)
 
(829
)
 
(2,213
)
 
(1,659
)
Amortization of prior service costs
13

 
13

 
26

 
26

Amortization of loss
194

 
311

 
388

 
622

Net periodic benefit cost
$
7,214

 
$
5,991

 
$
14,431

 
$
11,984


 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
Post Retirement Medical Plan
2016
 
2015
 
2016
 
2015
Components of net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$
219

 
$
244

 
$
439

 
$
488

Interest cost
133

 
134

 
267

 
269

Amortization of prior service costs
109

 
76

 
218

 
152

Amortization of loss

 

 

 

Net periodic benefit cost
$
461

 
$
454

 
$
924

 
$
909