PENSION BENEFITS

9 Months Ended

Sep. 30, 2016

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,
	2016	2015	2016	2015
	(In thousands)
Service cost	$    2,213	$    2,615	$    6,639	$    7,845
Interest cost	2,341	2,588	7,023	7,764
Expected return on assets	(2,613)	(2,694)	(7,839)	(8,081)
Recognized prior service cost	(179)	(179)	(537)	(538)
Recognized net loss	1,690	1,976	5,070	5,928
Net periodic benefit costs	$    3,452	$    4,306	$  10,356	$  12,918