XML 35 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Pension and Post-Retirement Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2017
Compensation And Retirement Disclosure [Abstract]  
Schedule of Components of Net Periodic Pension Cost

A summary of net periodic pension cost related to the Company’s pension plans for the three and six months ended June 30, 2017 and 2016 was as follows (dollars in thousands):

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Service cost - benefit earned during the period

$

321

 

 

$

317

 

 

$

642

 

 

$

634

 

Interest cost on projected benefit obligation

 

1,862

 

 

 

2,173

 

 

 

3,724

 

 

 

4,516

 

Expected return on plan assets

 

(2,272

)

 

 

(2,547

)

 

 

(4,544

)

 

 

(5,265

)

Amortization of prior service cost

 

72

 

 

 

74

 

 

 

144

 

 

 

148

 

Amortization of actuarial loss

 

1,062

 

 

 

1,321

 

 

 

2,124

 

 

 

2,740

 

Settlement loss

 

-

 

 

 

11,744

 

 

 

-

 

 

 

11,744

 

Net periodic pension cost

$

1,045

 

 

$

13,082

 

 

$

2,090

 

 

$

14,517