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Retirement Plans and Other Post-Retirement Benefits
9 Months Ended
Sep. 30, 2019
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans and Other Post-Retirement Benefits

11.

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 included in continuing operations.

 

 

 

Three months ended

September 30

 

In thousands

 

2019

 

 

 

2018

 

Pension Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

216

 

 

 

$

595

 

Interest cost

 

 

3,287

 

 

 

 

3,241

 

Expected return on plan assets

 

 

(3,895

)

 

 

 

(5,531

)

Amortization of prior service cost

 

 

64

 

 

 

 

5

 

Amortization of unrecognized loss

 

 

819

 

 

 

 

2,060

 

Total net periodic benefit cost

 

$

491

 

 

 

$

370

 

 

 

 

 

 

 

 

 

 

 

Other Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

7

 

 

 

$

16

 

Interest cost

 

 

67

 

 

 

 

80

 

Amortization of prior service credit

 

 

(2

)

 

 

 

 

Amortization of actuarial gain

 

 

(293

)

 

 

 

(16

)

Total net periodic benefit cost

 

$

(221

)

 

 

$

80

 

 

 

 

Nine months ended

September 30

 

In thousands

 

2019

 

 

 

2018

 

Pension Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

1,073

 

 

 

$

1,784

 

Interest cost

 

 

10,074

 

 

 

 

9,723

 

Expected return on plan assets

 

 

(11,290

)

 

 

 

(16,592

)

Amortization of prior service cost

 

 

152

 

 

 

 

16

 

Amortization of unrecognized loss

 

 

2,383

 

 

 

 

6,179

 

Total net periodic benefit cost

 

$

2,392

 

 

 

$

1,110

 

 

 

 

 

 

 

 

 

 

 

Other Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

25

 

 

 

$

46

 

Interest cost

 

 

235

 

 

 

 

239

 

Amortization of prior service credit

 

 

(7

)

 

 

 

 

Amortization of actuarial gain

 

 

(639

)

 

 

 

(49

)

Total net periodic benefit cost

 

$

(386

)

 

 

$

236

 

 

In April 2019, we informed participants that our qualified pension plan benefits would be frozen as of May 31, 2019 and the plan was terminated June 30, 2019.  We replaced this benefit for active employees with an enhanced defined contribution plan.  In connection with the termination, we remeasured the pension liability and recognized a gain of $1.9 million in the second quarter of 2019 as an adjustment to other comprehensive income (loss).