PENSION BENEFITS

6 Months Ended

Jun. 30, 2013

PENSION BENEFITS [Abstract]

PENSION BENEFITS

NOTE 9 – PENSION BENEFITS

The following table presents the components of net periodic benefit costs for the periods indicated:

	Three months ended		Six months ended
	June 30,		June 30,
	2013	2012	2013	2012
	(In thousands)
Service cost	$    2,684	$    2,592	$    5,368	$    5,184
Interest cost	2,053	2,072	4,106	4,144
Expected return on assets	(2,743)	(2,012)	(5,486)	(5,682)
Amortization of unrecognized transition amount	5	5	10	10
Recognized prior service cost	(192)	(192)	(384)	(384)
Recognized net loss	1,524	1,379	3,048	2,758
Net periodic benefit costs	$    3,331	$    3,844	$    6,662	$    6,030