PENSION BENEFITS

3 Months Ended

Sep. 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		Nine months ended
	September 30,		September 30,
	2014	2013	2014	2013
	(In thousands)
Service cost	$    2,234	$    2,684	$    6,702	$    8,052
Interest cost	2,339	2,053	7,017	6,159
Expected return on assets	(2,634)	(2,743)	(7,902)	(8,229)
Amortization of unrecognized transition amount	5	5	15	15
Recognized prior service cost	(192)	(192)	(576)	(576)
Recognized net loss	926	1,524	2,778	4,572
Net periodic benefit costs	$    2,678	$    3,331	$    8,034	$    9,993