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Employee benefit plans
3 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Pension and other postretirement benefit plans
Employee benefit plans
Pension and other postretirement plans
The Company has noncontributory defined benefit pension plans and other postretirement benefit plans for certain eligible employees. Components of net periodic benefit cost for the Company's pension and other postretirement benefit plans were as follows:
 
Pension Benefits
Other
Postretirement Benefits
Three Months Ended March 31,
2017

2016

2017

2016

 
(In thousands)
Components of net periodic benefit cost:
 
 
 
 
Service cost
$

$

$
447

$
450

Interest cost
4,014

4,390

808

949

Expected return on assets
(5,029
)
(5,280
)
(1,145
)
(1,149
)
Amortization of prior service credit


(343
)
(343
)
Amortization of net actuarial loss
1,793

1,593

336

448

Net periodic benefit cost, including amount capitalized
778

703

103

355

Less amount capitalized
107

81

(39
)
34

Net periodic benefit cost
$
671

$
622

$
142

$
321

 
 
 
 
 

Nonqualified benefit plans
In addition to the qualified plan defined pension benefits reflected in the table, the Company also has unfunded, nonqualified benefit plans for executive officers and certain key management employees that generally provide for defined benefit payments at age 65 following the employee's retirement or, upon death, to their beneficiaries for a 15-year period. In February 2016, the Company froze the unfunded, nonqualified defined benefit plans to new participants and eliminated benefit increases. Vesting for participants not fully vested was retained. The Company's net periodic benefit cost for these plans for the three months ended March 31, 2017, was $1.2 million. The Company's net periodic benefit credit for these plans for the three months ended March 31, 2016, was $1.9 million, which reflects a curtailment gain of $3.3 million.