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PENSION AND POSTRETIREMENT PLANS (Tables)
9 Months Ended
Sep. 30, 2017
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [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 nine months ended September 30, 2017 and 2016 is presented below (in thousands):
 
Pension Benefits
 
Postretirement Benefits
 
Three Months Ended 
 September 30,
 
Three Months Ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
Service cost
$
493

 
$
566

 
$
3

 
$
3

Interest cost
1,510

 
1,662

 
18

 
19

Expected return on plan assets
(2,143
)
 
(2,305
)
 

 

Amortization of prior service credit
(79
)
 
(64
)
 

 

Amortization of transition asset

 
(78
)
 

 

Amortization of actuarial loss (gain)
943

 
951

 
(11
)
 
(14
)
Settlement loss (gain)
45

 
765

 

 

Net periodic cost
$
769


$
1,497


$
10


$
8

 
 
 
 
 
 
 
 
 
Pension Benefits
 
Postretirement Benefits
 
Nine Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
Service cost
$
1,467

 
$
1,695

 
$
9

 
$
9

Interest cost
4,511

 
5,010

 
54

 
57

Expected return on plan assets
(6,379
)
 
(6,942
)
 

 

Amortization of prior service credit
(233
)
 
(191
)
 

 

Amortization of transition asset

 
(234
)
 

 

Amortization of actuarial loss (gain)
2,810

 
2,850

 
(33
)
 
(42
)
Settlement loss (gain)
75

 
765

 

 

Net periodic cost
$
2,251

 
$
2,953

 
$
30

 
$
24