PENSION AND POSTRETIREMENT PLANS (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of components of net periodic expense

Components of net periodic pension expense included in the condensed consolidated statements of operations and comprehensive income for the three and nine months ending September 30, 2015 and 2014 are as follows (in thousands):

	For the three months ended						For the nine months ended
	September 30, 2015			September 30, 2014			September 30, 2015			September 30, 2014
Service cost	$	27		$	21		$	80		$	63
Interest cost	68			66			204			199
Expected return on assets	(82		)	(85		)	(245		)	(255		)
Amortization of net loss	48			11			143			33

Net periodic pension expense	$	61		$	13		$	182		$	40

Postretirement Welfare Plan

Pension and Postretirement plan

Schedule of components of net periodic expense

Components of net periodic postretirement benefit income included in the condensed consolidated statements of operations and comprehensive income for the quarters ending September 30, 2015 and 2014 are as follows (in thousands):

	For the three months ended						For the nine months ended
	September 30, 2015			September 30, 2014			September 30, 2015			September 30, 2014
Service cost	$	2		$	2		$	7		$	7
Interest cost	13			14			38			43
Amortization of net gain	(18		)	(19		)	(54		)	(59		)
Amortization of prior service cost	(3		)	(3		)	(9		)	(9		)

Net postretirement benefit	$	(6	)	$	(6	)	$	(18	)	$	(18	)