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EMPLOYEE BENEFIT PLANS
6 Months Ended
Jun. 30, 2017
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
2017
 
2016
 
2017
 
2016
Components of net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$
10,144

 
$
7,339

 
$
20,287

 
$
14,679

Interest cost
1,084

 
775

 
2,168

 
1,551

Expected return on plan assets
(1,442
)
 
(1,107
)
 
(2,884
)
 
(2,213
)
Amortization of prior service cost
13

 
13

 
26

 
26

Amortization of actuarial loss (gain)
113

 
194

 
226

 
388

Net periodic benefit cost
$
9,912

 
$
7,214

 
$
19,823

 
$
14,431


 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
Post-Retirement Medical Plan
2017
 
2016
 
2017
 
2016
Components of net periodic benefit cost:
 
 
 
 
 
 
 
Service cost
$
316

 
$
219

 
$
632

 
$
439

Interest cost
172

 
133

 
344

 
267

Amortization of prior service cost
161

 
109

 
322

 
218

Amortization of actuarial loss (gain)

 

 

 

Net periodic benefit cost
$
649

 
$
461

 
$
1,298

 
$
924