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Employee Benefit Plans
9 Months Ended
Sep. 30, 2014
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plans

 


Note 10 - Employee benefit plans:

Defined benefit plans - The components of net periodic defined benefit pension cost (income) are presented in the table below.

 

 

Three months ended

 

 

Nine months ended

 

 

September 30,

 

 

September 30,

 

 

2013

 

 

2014

 

 

2013

 

 

2014

 

 

(In thousands)

 

Interest cost

$

609

 

 

$

631

 

 

$

1,707

 

 

$

1,903

 

Expected return on plan assets

 

(990

)

 

 

(856

)

 

 

(2,976

)

 

 

(2,564

)

Recognized actuarial losses

 

306

 

 

 

267

 

 

 

921

 

 

 

721

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(75

)

 

$

42

 

 

$

(348

)

 

$

60

 

 

Postretirement benefits - The components of net periodic postretirement benefits other than pension (OPEB) income are presented in the table below.  

 

 

Three months ended

 

 

Nine months ended

 

 

September 30,

 

 

September 30,

 

 

2013

 

 

2014

 

 

2013

 

 

2014

 

 

(In thousands)

 

Interest cost

$

26

 

 

$

29

 

 

$

78

 

 

$

86

 

Amortization of prior service credit

 

(172

)

 

 

(161

)

 

 

(514

)

 

 

(483

)

Recognized actuarial gain

 

(37

)

 

 

(44

)

 

 

(111

)

 

 

(132

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

(183

)

 

$

(176

)

 

$

(547

)

 

$

(529

)

Contributions - We currently expect our 2014 contributions to our defined benefit pension plans and other postretirement plans to be approximately $2 million.