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EMPLOYEE BENEFIT PLANS
6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS
Components of the net periodic benefit cost for the three and six months ended June 30, 2018 and 2017, are as follows:
 
For The
Three Months Ended
June 30,
 
For The
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
 
Qualified
Pension
Plan
 
Nonqualified
Excess
Pension Plan
 
Qualified
Pension
Plan
 
Nonqualified
Excess
Pension Plan
 
Qualified
Pension
Plan
 
Nonqualified
Excess
Pension Plan
 
Qualified
Pension
Plan
 
Nonqualified
Excess
Pension Plan
 
(Dollars In Thousands)
Service cost — benefits earned during the period
$
3,441

 
$
387

 
$
3,348

 
$
334

 
$
6,882

 
$
774

 
$
6,696

 
$
668

Interest cost on projected benefit obligation
2,397

 
359

 
2,191

 
297

 
4,794

 
718

 
4,382

 
594

Expected return on plan assets
(4,026
)
 

 
(3,352
)
 

 
(8,052
)
 

 
(6,704
)
 

Amortization of prior service cost

 

 

 

 

 

 

 

Amortization of actuarial loss/(gain)

 
265

 

 
118

 

 
530

 

 
236

Preliminary net periodic benefit cost
1,812

 
1,011

 
2,187

 
749

 
3,624

 
2,022

 
4,374

 
1,498

Settlement/curtailment expense

 

 

 

 

 

 

 

Total net periodic benefit costs
$
1,812

 
$
1,011

 
$
2,187

 
$
749

 
$
3,624

 
$
2,022

 
$
4,374

 
$
1,498


During the six months ended June 30, 2018, the Company did not make a contribution to its defined benefit pension plan. The Company will make contributions in future periods as necessary to at least satisfy minimum funding requirements, to maintain an adjusted funding target attainment percentage (“AFTAP”) of at least 80% and to avoid certain Pension Benefit Guaranty Corporation (“PBGC”) reporting triggers. The Company may also make additional discretionary contributions in excess of the contribution amounts established by the current funding policy.