XML 37 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension and Other Postemployment Benefits
 9 Months Ended
Sep. 30, 2014
Pension and Other Postretirement Benefit Expense [Abstract]  
Pension and Other Postemployment Benefits
Pension and Other Postemployment Benefits

The Company provides defined-benefit pension, health care and life insurance benefits upon retirement for certain full-time employees.

Recognized net periodic pension cost included the following components (in thousands):

 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
Service cost
$
3,701

 
$
3,102

 
$
10,981

 
$
8,833

Interest cost
8,272

 
7,558

 
24,547

 
22,253

Expected return on plan assets
(10,479
)
 
(9,658
)
 
(31,094
)
 
(28,686
)
Amortization of net loss
4,947

 
7,171

 
14,684

 
20,797

Amortization of prior service credit
(1,134
)
 
(1,194
)
 
(3,366
)
 
(3,543
)
Total net pension cost
$
5,307

 
$
6,979

 
$
15,752

 
$
19,654



Recognized other postemployment benefit cost included the following components (in thousands):

 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
Service cost
$
272

 
$
365

 
$
809

 
$
1,072

Interest cost
774

 
757

 
2,297

 
2,194

Amortization of net loss
(40
)
 
—

 
(119
)
 
—

Amortization of prior service credit
(8
)
 
(37
)
 
(24
)
 
(110
)
Total other postemployment benefit cost
$
998

 
$
1,085

 
$
2,963

 
$
3,156




During the nine months ended September 30, 2014, the Company contributed $57.4 million to its pension and other postemployment benefit plans and expects to make additional contributions to such plans totaling approximately $1.3 million for the remainder of 2014.