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Retirement Plans and Other Post-Retirement Benefits
6 Months Ended
Jun. 30, 2018
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans and Other Post-Retirement Benefits

10.

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

June 30

In thousands

 

2018

 

 

 

2017

 

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2,747

 

 

 

$

2,649

 

 

Interest cost

 

 

5,626

 

 

 

 

5,989

 

 

Expected return on plan assets

 

 

(10,722

)

 

 

 

(10,666

)

 

Amortization of prior service

   cost

 

 

781

 

 

 

 

708

 

 

Amortization of unrecognized

   loss

 

 

3,523

 

 

 

 

3,311

 

 

Total net periodic benefit cost

 

$

1,955

 

 

 

$

1,991

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Benefits

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

238

 

 

 

$

284

 

 

Interest cost

 

 

410

 

 

 

 

513

 

 

Amortization of prior

   service credit

 

 

(46

)

 

 

 

(46

)

 

Amortization of

   actuarial gain

 

 

(272

)

 

 

 

(46

)

 

Total net periodic

   benefit cost

 

$

330

 

 

 

$

705

 

 

 

 

 

Six months ended

June 30

 

In thousands

 

2018

 

 

 

2017

 

Pension Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

5,606

 

 

 

$

5,370

 

Interest cost

 

 

11,215

 

 

 

 

11,896

 

Expected return on plan assets

 

 

(21,561

)

 

 

 

(21,497

)

Amortization of prior service

   cost

 

 

1,561

 

 

 

 

1,412

 

Amortization of unrecognized

   loss

 

 

6,913

 

 

 

 

6,133

 

Total net periodic benefit cost

 

$

3,734

 

 

 

$

3,314

 

 

 

 

 

 

 

 

 

 

 

Other Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

545

 

 

 

$

579

 

Interest cost

 

 

861

 

 

 

 

998

 

Amortization of prior

   service credit

 

 

(91

)

 

 

 

(91

)

Amortization of

   actuarial gain

 

 

(345

)

 

 

 

(189

)

Total net periodic

   benefit cost

 

$

970

 

 

 

$

1,297

 

 

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”.