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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

 

 

 

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