PENSION BENEFITS

3 Months Ended

Jun. 30, 2014

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,
	2014	2013	2014	2013
	(In thousands)
Service cost	$    2,234	$    2,684	$    4,468	$    5,368
Interest cost	2,339	2,053	4,678	4,106
Expected return on assets	(2,634)	(2,743)	(5,268)	(5,486)
Amortization of unrecognized transition amount	5	5	10	10
Recognized prior service cost	(192)	(192)	(384)	(384)
Recognized net loss	926	1,524	1,852	3,048
Net periodic benefit costs	$    2,678	$    3,331	$    5,356	$    6,662