Pension and Other Post-Retirement Benefits

9 Months Ended

Sep. 30, 2011

Pension and Other Post-Retirement Benefits

Note 8. Pension and Other Post-Retirement Benefits

The following tables set forth certain disclosures for the Company’s pension and post-retirement plans for the periods indicated:

	For the Three Months Ended September 30,
	2011						2010
(in thousands)	Pension Benefits			Post-Retirement Benefits			Pension Benefits			Post-Retirement Benefits
Components of net periodic (credit) expense:
Interest cost		$	1,491		$	180		$	1,515		$	198
Service cost			--			1			--			1
Expected return on plan assets			(3,133)			--			(2,866)			--
Unrecognized past service liability			--			(62)			49			(62)
Amortization of unrecognized loss			1,190			103			1,286			78
Net periodic (credit) expense		$	(452)		$	222		$	(16)		$	215
	For the Nine Months Ended September 30,
	2011						2010
(in thousands)	Pension Benefits			Post-Retirement Benefits			Pension Benefits			Post-Retirement Benefits
Components of net periodic (credit) expense:
Interest cost		$	4,473		$	540		$	4,543		$	595
Service cost			--			4			--			3
Expected return on plan assets			(9,399)			--			(8,597)			--
Unrecognized past service liability			--			(187)			147			(187)
Amortization of unrecognized loss			3,569			308			3,858			235
Net periodic (credit) expense		$	(1,357)		$	665		$	(49)		$	646

As discussed in the notes to the consolidated financial statements presented in the Company’s 2010 Annual Report on Form 10-K, the Company expects to contribute $1.4 million to its post-retirement plan to pay premiums and claims for the fiscal year ending December 31, 2011. The Company expects to contribute $24.0 million to its pension plan in 2011.