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Pension and Other Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2017
Pension and Other Postretirement Benefits  
Schedule of Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Postretirement Benefits

 

 

 

Three months ended June 30, 

 

(in thousands)

    

2017

    

2016

    

2017

    

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,184

 

$

2,456

 

$

243

 

$

250

 

Interest cost

 

 

2,934

 

 

3,122

 

 

183

 

 

212

 

Expected return on plan assets

 

 

(2,934)

 

 

(3,067)

 

 

-

 

 

-

 

Settlement expense

 

 

185

 

 

-

 

 

-

 

 

-

 

Amortization of net (gain) loss

 

 

258

 

 

122

 

 

(135)

 

 

(174)

 

Amortization of prior service cost (credit)

 

 

43

 

 

43

 

 

(27)

 

 

(42)

 

Net periodic benefit cost

 

$

2,670

 

$

2,676

 

$

264

 

$

246

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits

 

Postretirement Benefits

 

 

 

Six months ended June 30, 

 

(in thousands)

    

2017

    

2016

    

2017

    

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

4,521

 

$

4,909

 

$

478

 

$

500

 

Interest cost

 

 

5,952

 

 

6,293

 

 

357

 

 

423

 

Expected return on plan assets

 

 

(5,947)

 

 

(6,206)

 

 

-

 

 

-

 

Settlement expense

 

 

316

 

 

-

 

 

-

 

 

-

 

Amortization of net (gain) loss

 

 

297

 

 

247

 

 

(301)

 

 

(348)

 

Amortization of prior service cost (credit)

 

 

87

 

 

87

 

 

(68)

 

 

(84)

 

Net periodic benefit cost

 

$

5,226

 

$

5,330

 

$

466

 

$

491