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PENSION AND POSTRETIREMENT PLANS (Tables)
6 Months Ended
Jun. 30, 2015
Pension and Other Postretirement Benefit Expense [Abstract]  
Summary of the components of net periodic pension benefit costs
A summary of the components of net periodic pension and postretirement benefit costs for the three and six months ended June 30, 2015 and 2014 is presented below (in thousands):
 
Pension Benefits
 
Postretirement Benefits
 
Three Months Ended 
 June 30,
 
Three Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$
498

 
$
362

 
$
3

 
$
3

Interest cost
1,678

 
2,124

 
18

 
22

Expected return on plan assets
(2,413
)
 
(2,501
)
 

 

Amortization of prior service credit
(82
)
 
(102
)
 

 

Amortization of transition asset
(21
)
 
(71
)
 

 

Amortization of actuarial loss (gain)
784

 
436

 
(12
)
 
(14
)
Net periodic cost
$
444

 
$
248

 
$
9

 
$
11

 
 
 
 
 
 
 
 
 
Pension Benefits
 
Postretirement Benefits
 
Six Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
Service cost
$
991

 
$
726

 
$
6

 
$
6

Interest cost
3,351

 
4,244

 
37

 
44

Expected return on plan assets
(4,813
)
 
(4,996
)
 

 

Amortization of prior service credit
(162
)
 
(204
)
 

 

Amortization of transition asset
(42
)
 
(142
)
 

 

Amortization of actuarial loss (gain)
1,562

 
871

 
(25
)
 
(28
)
Net periodic cost
$
887

 
$
499

 
$
18

 
$
22