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PENSION AND POSTRETIREMENT BENEFITS (Tables)
9 Months Ended
Sep. 30, 2013
PENSION AND POSTRETIREMENT BENEFITS  
Components of net periodic benefit costs

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

(In thousands)

 

2013

 

2012

 

2013

 

2012

 

Qualified Pension Plan (1)

 

 

 

 

 

 

 

 

 

Interest cost

 

$

 

$

 

$

 

$

922

 

Expected return on plan assets

 

 

 

 

(1,748

)

Settlement

 

 

 

 

7,111

 

Amortization of prior service cost

 

 

 

 

221

 

Amortization of net loss

 

 

 

 

13,083

 

Net periodic pension cost

 

$

 

$

 

$

 

$

19,589

 

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits

 

 

 

 

 

 

 

 

 

Service cost

 

$

455

 

$

234

 

$

1,285

 

$

1,280

 

Interest cost

 

355

 

351

 

1,145

 

1,187

 

Amortization of net loss

 

116

 

132

 

525

 

692

 

Total postretirement benefit cost

 

$

926

 

$

717

 

$

2,955

 

$

3,159

 

 

(1) On July 13, 2012, the Company made a final distribution of benefits from the qualified pension plan.