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Retirement Plans and Other Post-Retirement Benefits
3 Months Ended
Mar. 31, 2018
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans and Other Post-Retirement Benefits

9.

RETIREMENT PLANS AND OTHER POST-RETIREMENT BENEFITS

The following tables provide information with respect to the net periodic costs of our pension and post-retirement medical benefit plans.

 

 

 

Three months ended

March 31

 

In thousands

 

2018

 

 

 

2017

 

Pension Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,859

 

 

 

$

2,721

 

Interest cost

 

 

5,589

 

 

 

 

5,907

 

Expected return on plan assets

 

 

(10,839

)

 

 

 

(10,831

)

Amortization of prior service

   cost

 

 

780

 

 

 

 

704

 

Amortization of unrecognized

   loss

 

 

3,390

 

 

 

 

2,822

 

Total net periodic benefit cost

 

$

1,779

 

 

 

$

1,323

 

 

 

 

 

 

 

 

 

 

 

Other Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

307

 

 

 

$

295

 

Interest cost

 

 

451

 

 

 

 

485

 

Amortization of prior

   service credit

 

 

(45

)

 

 

 

(45

)

Amortization of

   actuarial gain

 

 

(73

)

 

 

 

(143

)

Total net periodic

   benefit cost

 

$

640

 

 

 

$

592

 

 

In the first quarter of 2018, we adopted the provisions of ASU No. 2017-07 which requires entities to present the service cost component of net periodic benefit costs in operating profit along with other employee compensation costs.  All other components of net periodic benefit costs are to be presented below the determination of operating income in “Other, net”.