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PENSION AND POSTRETIREMENT PLANS (Tables)
3 Months Ended
Mar. 31, 2016
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 months ended March 31, 2016 and 2015 is presented below (in thousands):
 
Pension Benefits
 
Postretirement Benefits
 
Three Months Ended 
 March 31,
 
Three Months Ended 
 March 31,
 
2016
 
2015
 
2016
 
2015
Service cost
$
559

 
$
493

 
$
3

 
$
3

Interest cost
1,672

 
1,673

 
19

 
19

Expected return on plan assets
(2,309
)
 
(2,400
)
 

 

Amortization of prior service credit
(63
)
 
(80
)
 

 

Amortization of transition asset
(77
)
 
(21
)
 

 

Amortization of actuarial loss (gain)
943

 
778

 
(14
)
 
(13
)
Net periodic cost
$
725

 
$
443

 
$
8

 
$
9