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Pension and Other Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2019
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Costs The following table presents the components of net periodic benefit costs recognized.

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

 

June 30,

 

June 30,

 

 

(In thousands)

 

2019

 

2018

 

2019

 

2018

 

 

Pension Benefits

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

Service cost

$

1,221

$

1,404

$

2,362

$

2,861

 

 

Interest cost

 

3,742

 

3,222

 

7,194

 

6,430

 

 

Expected return on assets

 

(5,922)

 

(6,552)

 

(11,469)

 

(13,120)

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

(31)

 

(11)

 

(59)

 

(22)

 

 

Actuarial loss

 

1,985

 

1,341

 

3,714

 

2,639

 

 

Net periodic benefit (credit) cost

$

995

$

(596)

$

1,742

$

(1,212)

 

 

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

Service cost

$

334

$

310

$

553

$

642

 

 

Interest cost

 

865

 

648

 

1,442

 

1,306

 

 

Expected return on assets

 

(676)

 

(814)

 

(1,357)

 

(1,616)

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

Transition obligation

 

1

 

-

 

2

 

1

 

 

Prior service credit

 

(662)

 

(667)

 

(1,330)

 

(1,334)

 

 

Actuarial loss

 

94

 

116

 

200

 

244

 

 

Net periodic benefit (credit) cost

$

(44)

$

(407)

$

(490)

$

(757)