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PENSION BENEFITS (Tables)
6 Months Ended
Jun. 30, 2013
PENSION BENEFITS [Abstract]  
Components of Net Periodic Benefit Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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