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Employee Benefit Plans
6 Months Ended
Jun. 30, 2014
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plans

Note F – Employee Benefit Plans

Net periodic benefit (income) cost for the pension plans included the following components for the three months ended June 30:

 

     Pension Benefits  
     2014     2013  
     (in thousands)  

Service cost

   $ 1,927      $ 4,961   

Interest cost

     25,530        22,391   

Expected return on plan assets

     (36,234     (33,495

Amortization of prior service credit

     (468     (1,892

Amortization of actuarial loss

     6,613        21,097   
  

 

 

   

 

 

 

Net periodic benefit (income) cost

   $ (2,632   $ 13,062   
  

 

 

   

 

 

 

Net periodic benefit (income) cost for the pension plans included the following components for the six months ended June 30:

 

     Pension Benefits  
     2014     2013  
     (in thousands)  

Service cost

   $ 3,836      $ 9,937   

Interest cost

     51,032        44,798   

Expected return on plan assets

     (72,431     (67,013

Amortization of prior service credit

     (932     (3,786

Amortization of actuarial loss

     13,208        42,209   
  

 

 

   

 

 

 

Net periodic benefit (income) cost

   $ (5,287   $ 26,145   
  

 

 

   

 

 

 

Pension benefits also include amounts related to a supplemental retirement plan. During the six months ended June 30, 2014, the Company made a $38.7 million contribution to the pension plan.