XML 84 R14.htm IDEA: XBRL DOCUMENT v3.3.0.814
Pension
9 Months Ended
Sep. 30, 2015
Pension [Abstract]  
Pension
Pension

The amount of net pension cost is shown in the table below:
 
For the Three Months Ended September 30
 
For the Nine Months Ended September 30
(In thousands)
2015
2014
 
2015
2014
Service cost - benefits earned during the period
$
127

$
133

 
$
379

$
399

Interest cost on projected benefit obligation
1,139

1,262

 
3,571

3,785

Expected return on plan assets
(1,523
)
(1,561
)
 
(4,569
)
(4,683
)
Amortization of prior service cost
(203
)

 
(203
)

Amortization of unrecognized net loss
660

359

 
1,969

1,079

Net periodic pension cost
$
200

$
193

 
$
1,147

$
580



Substantially all benefits accrued under the Company’s defined benefit pension plan were frozen effective January 1, 2005, and the remaining benefits were frozen effective January 1, 2011. During the first nine months of 2015, the Company made no funding contributions to its defined benefit pension plan and made minimal funding contributions to a supplemental executive retirement plan (the CERP), which carries no segregated assets. The Company has no plans to make any further contributions, other than those related to the CERP, during the remainder of 2015.