PENSION BENEFITS

3 Months Ended

Mar. 31, 2017

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
	March 31,
	2017	2016
	(In thousands)
Service cost	$    1,532	$    2,213
Interest cost	2,294	2,341
Expected return on assets	(2,953)	(2,613)
Recognized prior service cost	(186)	(179)
Recognized net loss	1,719	1,690
Net periodic benefit costs	$    2,406	$    3,452